HomeMy WebLinkAboutsummary formDate: May 24, 2005
AGENDA ITEM SUMMARY FORM
FILE ID: 65.00Scfl
Requesting Department: Economic Development
Commission Meeting Date: June 23, 2005 District Impacted: District 2
Type: ® Resolution ❑ Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Option Agreement for future Northeast Fire Station — 990 N.E. 79th Street
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s), by a four -fifths (4/5ths) affirmative
vote, after an advertised public hearing, authorizing the City Manager to exercise the option to
purchase real property located at 990 Northeast 79th Street, Miami, Florida, in connection with the
development of a fire station, for a total purchase price amount not to exceed $900,000; further
authorizing the City Manager to execute the option to purchase real property agreement ("option
agreement") between the City of Miami and Jeffrey Lefcourt and to consummate said transaction in
accordance with the terms of said option agreement; allocating funds, in the amount not to exceed
$935,200, from the Neighborhood Fire Stations and Training Facility Project, Account No.
313306.289307, appropriated from the $255 Million Homeland Defense/Neighborhood Improvement
Bond for costs, including but not limited to, surveys, environmental reports, demolition and other
costs associated with said acquisition; further authorizing the City Manager to accept the assignment
of the existing lease agreement ("lease"), for the property and to execute all necessary documents in
connection with the option agreement and assignment of said lease.
Background Information:
Resolution No. 02-1294, adopted December 12, 2002, authorized and approved certain projects to be
funded from the Homeland Defense/Neighborhood Improvement Bond Funds. Ordinance No. 12380,
adopted July 17, 2003, as amended, the Capital Projects Appropriations Ordinance, appropriated
$15,750,000, of available funds from the Homeland Defense/Neighborhood Improvement Bond
proceeds for various capital improvement purposes including appropriating $5,500,000, to the
Neighborhood Fire Stations and Training Facility Project Account No. 313306. The Department of
Fire -Rescue has determined a need to add a fire station in the northeast area of the City of Miami
("City") to improve emergency response time and that it must be located within the following
boundaries: between Northeast 5th Avenue to the west, Northeast 1 lth Avenue to the east, Northeast
73rd Street to the south and Northeast 82nd Street to the north, Miami, Florida, ("Northeast Fire
Station Project"). The property located at 990 Northeast 79th Street, Miami, Florida ("property"), is
within the northeast fire station project boundary. Two independent appraisals were procured and
established $747,500 as the fair market value for this property. The purchase price exceeds the
appraised value by 20.4%. The Department of Economic Development has prepared an option to
purchase real property agreement ("option agreement") to purchase the property for $900,000. The
purchase is subject to acceptance of an existing lease which provides Vertigogo, Inc. and Rafael R.
Legisima, jointly and severally, the ability to continue operating on the property, subject to the terms
of the lease agreement ("lease"), for a period not to exceed August 31, 2006. It is a condition
precedent to the validity of the option agreement and its execution by the City Manager that the City
Commission approve the option agreement by a greater majority of a 4/5th affirmative vote. Failing
such approval the option agreement shall be automatically null and void without the necessity of
further action by either party;
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continuation....
Subject: Option Agreement for future Northeast Fire Station — 990 N.E. 79`h Street
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: 313306-289307
YES Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost: $
Maintenance Cost: $
Total Fiscal Impact: $
CIP
If using or receiv
Grants
Final Approvals
fSIGN AND DATE)
Budget
Risk Manageme
Purchasing Dept. Director
Chief
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