HomeMy WebLinkAboutcover memoCITY OF MIAMI
CITY ATTORNEY'S OFFICE
MEMORANDUM
TO: Mayor and Members of the City Commission
FROM: Maria J. Chiaro, Interim City Attorney`/
DATE: July 2, 2004
RE: Resolution approving an Agreement between the City and Miami -Dade
County for the release of certain reversionary interests
The City Manager has requested that this item be placed on the Supplemental
Agenda for the City Commission meeting of July 8, 2004.
Attached is a Resolution authorizing the City Manager to execute (i) an agreement
with Miami Dade County whereby the County will release the restrictions and
reversionary interests that it owns on the Marine Stadium Property and the City will
release to the County the reversionary interests that the City owns on approximately
1,800 acres of land owned by the County, located in West Miami -Dade County ("County
Property") and (ii) a release of reversionary interests on the County Property.
The City's reversionary interests on the County Property arose from the transfer
of water and sewer properties by the City to the Miami -Dade Water and Sewer Authority.
In an Agreement between the City, the County and Miami -Dade County Water and
Sewer Authority dated March 13, 1975, the parties agreed that the properties described
therein would revert to the City if they were no longer needed in the maintenance and
operation of the waterworks system or sanitary sewer system of Miami -Dade County.
Miami -Dade County has indicated that it no longer needs 1,800 acres of the properties
encumbered by the reverter provisions.
The agreement attached to this Resolution provides that the County will pay to the
City the sum of $2,000,000 as follows: (i) $250,000 will be paid upon exchange of the
mutual releases and (ii) $1,750,000 within sixty (60) days after Tarmac America LLC,
receives all final permits and approval necessary for conducting certain Mining
Operations on the County Property.
If you should have any questions, please contact me.
Attachment
c: Joe Azriola, City Manager
Priscilla A. Thompson, City Clerk
Elvi Gallastegui-Alonso, Agenda Coordinator, Agenda Office