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Text File Report
City Halt
3500 Pan American Drive
Miami, FL 33133
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File ID: 03-0177
Type: Resolution Status: Mayor's Office for
Signature
Enactment #: R-03-1203 Enactment Date: 11/25/03
Version: 4
Introduced: 10/21/03 Controlling Body: City Commission
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY AN
AFFIRMATIVE FOUR -FIFTHS (4/STHS) VOTE, AUTHORIZING THE CITY MANAGER TO
EXERCISE THE OPTION TO PURCHASE THE PROPERTY LOCATED AT 254 NORTHEAST 59TH
TERRACE, MIAMI, FLORIDA, ("PROPERTY"), AS LEGALLY DESCRIBED IN "EXHIBIT A,"
ATTACHED AND INCORPORATED, IN CONNECTION WITH THE DEVELOPMENT OF LITTLE
HAITI PARK, WITH A PURCHASE PRICE OF
$545,000; AUTHORIZING THE CITY MANAGER TO EXECUTE THE OPTION TO PURCHASE
REAL PROPERTY AGREEMENT ("OPTION AGREEMENT"), IN SUBSTANTIALLY THE
ATTACHED FORM, BETWEEN THE CITY OF MIAMI AND CHARLOTTE STEVENS (SELLER),
AND TO CONSUMMATE SAID TRANSACTION IN ACCORDANCE WITH THE TERMS OF THE
OPTION AGREEMENT; ALLOCATING FUNDS, IN THE AMOUNT OF $570,000, FROM THE
$255 MILLION HOMELAND DEFENSE/NEIGHBORHOOD IMPROVEMENT BOND TO COVER
THE COST OF SAID ACQUISITION, INCLUSIVE OP COST OF SURVEY, APPRAISAL,
ENVIRONMENTAL REPORT, AND TITLE INSURANCE.
WHEREAS, Resolution No, 01-1029, adopted September 25, 2001, directed the City Manager to take all steps necessary
to initiate and implement the development of a superlative park in the Little Haiti area ("Park Project'); and
WHEREAS, the boundaries for the Park Project as established by the City Commission are from Northeast 59th Street to
Northeast 64th Terrace between Northeast 2nd and 4th Avenues, Miami, Florida; and
WHEREAS, Resolution No. 02-395, adopted April 11, 2002, directed the City Manager to expedite the land acquisition
for the Park Project approved in the $255 Million Homeland Defense/Neighborhood Improvement Bond Issue; and
WHEREAS, the property, located at 254 Northeast 59th Terrace, Miami, Florida ("Property"), is within the park
boundaries and is necessary as part of the land assembly required for Park Project; and
WHEREAS, two independent appraisals established $420,000 as the fair market value for the Property; and
WHEREAS, the Department of Economic Development prepared, and the City Manager executed, an Option to Purchase
Real Property Agreement ("Option Agreement") to purchase said property for 5545,000, with an option payment of $1000;
and
City of Miami
Page i Printed an 7/27/2906