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AGENDA ITEM"SUMMARY FORM
FILE ID: 0 4. 0 .1 y 5
Date: November 9, 2006 Requesting Department: Public Facilities (Asset Mngt)
Commission Meeting Date: December 14, 2006 District Impacted: 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Sale of city -owned property located at 3801 NE 1 Avenue, Miami, Florida
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s), declaring surplus and approving the
sale of the city -owned property located at 3801 NE 1 Avenue, Miami, Florida ("The Property"), as
more particularly described in Exhibit "A" attached hereto and made a part hereof, to Electra Two,
LLC, a Florida Limited Liability Company; establishing Twenty -One Thousand One Hundred and
Twenty -Five dollars ($21,125.00) as the amount to be paid to the City of Miami by the aforementioned;
further authorizing the City Manager to execute an agreement for purchase and sale, in substantially the
form attached, and to execute such other documents as may be necessary to consummate such
transaction in accordance with the terms and conditions of the agreement, which terms may be amended
by the City Manager as may be necessary in order to meet the best interests of the City.
Background Information:
See Supplemental Sheet,
1
Budget Impact Analvsis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Risk Manage
Purchasing Ill Dept. Directo
Chief C x
City Manager
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SUPPLEMENTAL SHEET
Subject: Sale of city -owned property located at 3801 NE 1 Avenue
Background Information:
The Property located at 3801 N.E. 1 Avenue, Miami, Florida, which contains approximately 325 sq. ft.
(the "Property") was conveyed to the City of Miami ("City") by Miami -Dade County in connection with
delinquent taxes under provisions of Florida Statute Section 197.592, as amended. The Board of County
Commissioners determined that the Property is of insufficient size, shape, location, value and is of use to
only adjacent property owners. Currently the Property sits vacant, represents a maintenance cost and
liability to the City and does not generate ad valorem taxes. The City contacted the adjacent property
owner, inquiring if there was an interest in purchasing the Property. Electra Two, LLC is the only
adjacent property owner and has agreed to pay the City, a purchase price of Twenty One Thousand One
Hundred and Twenty Five Dollars ($21,125.00) or approximately $65.00 per sq. ft. for this parcel.
Section 29B of the City of Miami Charter provides an exemption from the competitive bidding
requirements and return of fair market value when disposing of City -owned property acquired in
connection with delinquent taxes. The Property will be conveyed "as is" and "where is" and the City
will not warrant the sufficiency of its title nor any interest it may have in the property.
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