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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