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HomeMy WebLinkAboutText File Report 2City of Miami Text File Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File ID: 04-01050 Enactment #: R-04-0635 Version: 1 Type: Resolution Introduced: 9/1/04 Status: Passed Enactment Date: 9/23/04 Controlling Body: City Commission A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A FOUR -FIFTHS (415THS) AFFIRMATIVE VOTE, AUTHORIZING THE CITY MANAGER TO EXERCISE THE OPTION TO PURCHASE THE PROPERTY LOCATED AT 301 NORTHEAST 62ND STREET, MIAMI, FLORIDA, AS LEGALLY DESCRIBED IN THE OPTION TO PURCHASE REAL PROPERTY AND AN ADDENDUM TO OPTION TO PURCHASE REAL PROPERTY (COLLECTIVELY "OPTION AGREEMENT") BETWEEN THE CITY OF MIAMI AND SOUL HARVEST MIRACLE REVIVAL CENTER, INC„ A FLORIDA NOT -FOR -PROFIT CORPORATION, ATTACHED AND INCORPORATED, IN CONNECTION WITH THE DEVELOPMENT OF LITTLE HAITI PARK, WITH A PURCHASE PRICE OF TWO MILLION THREE HUNDRED FIFTY THOUSAND DOLLARS ($2,350,000) AND TO CONSUMMATE SAID TRANSACTION IN ACCORDANCE WITH THE TERMS OF SAID OPTION AGREEMENT; FURTHER ALLOCATING FUNDS IN THE AMOUNT OF $2,405,000, FROM THE $255 MILLION HOMELAND DEFENSE/NEIGHBORHOOD IMPROVEMENT BOND FOR COSTS INCLUDING BUT NOT LIMITED TO SURVEYS, APPRAISALS, ENVIRONMENTAL REPORTS, TITLE INSURANCE, AND OTHER COSTS ASSOCIATED WITH SAID ACQUISITION, 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, 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 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, the property located at 301 Northeast 62nd Street, Miami, Florida ("Property") is within the park boundaries and is necessary as part of the land assembly required for Park Project; and WHEREAS, an independent appraisal was procured and established Two Million Sixty -Five Thousand Dollars ($2,065,000) 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 and an Addendum to Option to Purchase Real Property (collectively, the "Option Agreement") to purchase the Property for Two Million Three Hundred Fifty Thousand Dollars ($2,350,000), which includes an option payment of One City of Miami Page I Printed on 7/27/2006