HomeMy WebLinkAboutR-04-0494City of Miami
Legislation
Resolution: R-04-0494
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00782 Final Action Date: 7/22/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE RELEASE OF THE CITY OF MIAMI'S REVERSIONARY
INTERESTS IN MIAMI-DADE COUNTY ("COUNTY") OWNED PROPERTY
LOCATED IN WEST MIAMI-DADE AND LEGALLY DESCRIBED IN THE RELEASE
AND AGREEMENT ATTACHED HERETO AS "EXHIBIT A," IN EXCHANGE FOR
MIAMI-DADE COUNTY'S RELEASE OF RESTRICTIONS AND REVERSIONARY
INTERESTS IN THE PROPERTY KNOWN AS THE MARINE STADIUM AND
PAYMENT TO THE CITY IN THE SUM OF TWO MILLION DOLLARS ($2,000,000);
FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT
WITH THE COUNTY AND A RELEASE OF REVERSIONARY INTERESTS, IN
SUBSTANTIALLY THE FORMS ATTACHED AND INCORPORATED AS
"EXHIBIT A."
WHEREAS, Miami -Dade County ("County") owns certain real property, consisting of
approximately 1,800 acres, located in West Miami -Dade County, as more particularly described in the
Agreements Between the City and the County, attached and incorporated as "Exhibit A" ("County
Property"); and
WHEREAS, the County Property is subject to certain reversionary interests in favor of the City
of Miami ("City") if the Property is no longer needed by the Miami -Dade Water & Sewer Authority in
the maintenance and operation of the waterworks system or sanitary sewer system of Miami -Dade
County ("City Reversionary Interests"); and
WHEREAS, the County has requested that the City release the City Reversionary Interests in the
County Property and in consideration of said release, the County has offered to release the deed
restrictions and reversionary interests that the County owns on the City owned property known as the
Marine Stadium, as more particularly described in the Agreements attached hereto as "Exhibit A" and
to pay to the City the sum of Two Million Dollars ($2,000,000);
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized{1} to execute a Release of Reversionary Interests
and an Agreement Between the City and the County ("Agreement"), in substantially the forms
attached and incorporated as "Exhibit A," to provide for the City's release of its Reversionary Interests
on the County Property in exchange for the County's release of the deed restrictions and reversionary
interests in the property known as the Marine Stadium and the payment in the sum of Two Million
Dollars ($2,000,000), all as specifically provided in the Agreement.
City of Miami
Page 1 of 2 File Id: 04-00782 (Version: 1) Printed On: 9/27/2016
File Number: 04-00782 Enactment Number: R-04-0494
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City
Charter and Code provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall
become effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id: 04-00782 (Version: 1) Printed On: 9/27/2016