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HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM FILE ID: OS- 00 ti,Ct'i PH.5 Date: 5/13/2005 Requesting Department: Economic Development Commission Meeting Date: 6/9/2005 District Impacted: 5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Acquisition of properties located at 212 NE 59th Terr., 211 NE 59 St., and 215 NE 59th Street, Miami, Florida in connection with the development of Little Haiti Park. Purpose of Item: A Resolution accepting a stipulated final judgment and joint motion for its entry for acquisition of properties located at 212 NE 59th Terr., 211 NE 59 St., and 215 NE 59th Street, Miami, Florida ("Properties") and authorizing the City Manager to execute an Occupancy Agreement for the Properties, as described in the Occupancy Agreement between the City of Miami ("Condemnor") and ERS Properties, Inc., a Florida for -profit corporation and Sigmund O. Schickman ("Condemnee"), in connection with the memorandum of settlement entered into on May 16, 2005 by the parties resulting from mediation pursuant to court order in connection with the development of Little Haiti Park. This Resolution further allocates funds in the amount of $1,966,000 from the $255 Million Homeland Defense/Neighborhood Improvement Bond to cover the cost of said acquisition inclusive of cost of attorney's fees and expenses, surveys, appraisals, environmental reports, title insurance, demolition and fencing . Background Information: Pursuant to its authority under Chapters 73 and 166, Florida Statutes, the City filed a petition in eminent domain to acquire the real properties described above. Pursuant to its authority under Chapter 74, Florida Statutes, the City petitioned the Circuit Court of the Eleventh Judicial Circuit in case nos., 04-26596, 04-26598, and 04-26600 for entry of an Order of Taking to acquire title to the Properties in advance of final judgment. On May 16, 2005, as a result of the mediation, the Parties agreed to a Memorandum of Settlement to acquire title to the Properties in connection with development of Little Haiti Park. The Memorandum of Settlement provides a period of extended possession for a period not to exceed November 15, 2005 and requires the Parties to execute an Occupancy Agreement. Budget Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: 331412-819307-810 -"I4i55 k YES Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Page I of 2 , Re: Acquisition of properties located at 212 NE 59th Terr., 211 NE 59 St., and 215 NE 59th Street, Miami, Florida in connection with the development of Little Haiti Park. CIP If using or eceiving capital funds,', Grants cam Final Approvals (SIGN AND DATE) Budget --- Purchasing hi Chief�lGr� Risk Managm Dept. Directo City Manager h4'a '.!g/ Paae 2 of 2