HomeMy WebLinkAboutCRA-R-24-0034 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-24-0034
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 16079
Revision: A
File Type: CRA Resolution
File Name: Acquisition of Properties - Ciprico Holdings, LLC &
Frontier Fuels, Inc.
Requesting Dept: Southeast Overtown/Park West CRA
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: Southeast
Overtown/Park West CRA
Introduced: 5/16/2024
Final Action Date: 5/23/2024
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), WITH ATTACHMENT(S), RETROACTIVELY APPROVING AND RATIFYING
THE EXECUTIVE DIRECTOR'S TO EXECUTE THE PURCHASE AND SALE
AGREEMENT ("AGREEMENT") (EXHIBIT "A") ATTACHED AND INCORPORATED
HEREIN, NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING
ANY AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT IN A FORM
ACCEPTABLE TO COUNSEL, BETWEEN THE SEOPW CRA, CIPRICO HOLDINGS,
LLC., A FLORIDA LIMITED LIABILITY COMPANY, AND FRONTIER FUELS, INC., TRS.,
A FOREIGN PROFIT CORPORATION ("SELLER"), FOR THE ACQUISITION OF THE
REAL PROPERTIES LOCATED AT 457 N. W. 8TH STREET, 813 N. W. 5TH AVENUE,
721 & 729 N. W. 6TH AVENUE, AND 444 & 432 N. W. 7TH STREET, MIAMI, FLORIDA
33136, CONTAINING AN APPROXIMATE TOTAL ADJUSTED AREA OF 79,000
SQUARE FEET ("PROPERTIES"), AS LEGALLY DESCRIBED IN THE AGREEMENT
FOR A TOTAL PURCHASE PRICE NOT TO EXCEED SIX MILLION FIVE HUNDRED
FIFTEEN THOUSAND DOLLARS AND ZERO CENTS ($6,515,000.00), CONTINGENT
UPON THE SEOPW CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED
FLORIDA APPRAISER STATING THAT THE APPRAISED VALUE OF THE
PROPERTIES, IS AT A MINIMUM, THE REFERENCED AMOUNT HEREIN,
PURSUANT TO SECTION 163.370, FLORIDA STATUTES, AND THE SEOPW CRA
REDEVELOPMENT PLAN; ALLOCATING FUNDS FROM ACCOUNT TITLED
PURCHASE OF REAL PROPERTY, ACCOUNT NUMBER
10050.920101.662000.0000.00000 IN A TOTAL AMOUNT NOT TO EXCEED PENDING
INFORMATION ($6,515,000.00) INCLUSIVE OF SAID ACQUISITION, THE COST OF A
SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING
COSTS ASSOCIATED WITH SAID ACQUISITION; PROVIDING FOR THE
INCORPORATION OF RECITALS AND AN EFFECTIVE DATE.
Notes:
Links:
Attachments: File # 16079 - Exhibit A (PDF)
File # 16079 - Exhibit B (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
City of Miami Page 1 of 2 Printed on: 6/3/2024
Southeast Overtown/Park West
Community Redevelopment Agency
Miguel A Valentin
James McQueen
Vincent T. Brown
Southeast Overtown/Park
West CRA
Southeast Overtown/Park
West CRA
A Vincent T. Brown
A City Clerk's Office
Master Report
Enactment Number: CRA-R-24-0034
5/16/2024 Finance Review
5/16/2024 Department Head Review
5/16/2024 Approved to Form and Legal
Sufficiency
5/23/2024 Meeting
5/23/2024
5/24/2024
5/24/2024
ADOPTED WITH
MO DIFICATION(S)
Approved to Form and
Sufficiency with Modifi
Rendered
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
Completed
Completed
Completed
Completed
Passed
Legal Completed
Completed
City of Miami Page 2 of 2 Printed on: 6/3/2024