HomeMy WebLinkAboutLegislation SUBSI. 1-SUBSTITUTE ITEM
MARCH 22, 2007
City of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00398 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE SALE OF CERTAIN CITY OF MIAMI ("CITY") OWNED
PARCELS, TO PROGRESSIVE VISION CDC, AS SPECIFIED IN "EXHIBIT A,"
ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO
EXECUTE A PURCHASE AND SALE AGREEMENT, 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.
WHEREAS, the approval of a Sale and Purchase Agreement ("Agreement") for the sale of certain
City of Miami ("City") owned parcels, to Progressive Vision CDC ("Developer") will have an expiration
date of December 31, 2007, and will be contingent upon the Developer obtaining a tax credit award for
the parcels, as described in "Exhibit A," attached and incorporated; and
WHEREAS, any cost associated with the project paid by the City, will be reimbursed back to the
City;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The purchase and sale of certain City -owned parcels, to the Developer, as specified in
"Exhibit A," attached and incorporated, is approved.
Section 3. The City Manager is authorized {1} to execute an Agreement, and to consummate 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.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
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File Number: 07-00398
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be imposed
by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code
provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
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City of Miami
Page2of2
Printed On: 3/21/2007
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City of Miami
Legislation,
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Numb• ; 07-00398 Final Action Dale:
A RESOL TION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVI THE SALE OF CERTAIN CITY OF MIAMI ("CITY") OWNED
PROPERTIE TO THE DEVELOPER, AS SPECIFIED IN "EXHIBIT A,"
ATTACHED A ' INCORPORATED; AUTHORIZING THE CITY MANAGER TO
EXECUTE A PU - HASE AND SALE AGREEMENT, IN SUBSTANTIALLY THE
ATTACHED FOR , • ND TO EXECUTE SUCH OTHER DOCUMENTS AS MAY BE
NECESSARY TO C• SUMMATE SUCH TRANSACTION IN ACCORDANCE WITH
THE TERMS AND CO •ITIONS OF THE AGREEMENT, WHICH TERMS MAY BE
AMENDED BY THE CIT ANAGER AS MAY BE NECESSARY IN ORDER TO
MEET THE BEST INTERE S OF THE CITY.
WHEREAS, on December 19, 2006, the of Miami issued a Request for Proposal (RFP) for
qualified real estate developers for the rede lopment of mixed -use housing on six (6) groups of
City -owned properties with a due date of Febr -ry 9, 2007; and
WHEREAS, a total of seven (7) responses we received, two (2) of which were for scattered site
Tots and therefore non -responsive to the RFP and a dditional response was disqualified because it
was received after the 2.00 PM deadline; and
WHEREAS, all respondents to the RFP were deemed • be ably qualified with the necessary
financial capacity to develop the properties; and
WHEREAS, approval of sale and purchase agreement, will hay - n expiration date of December 31,
2007, land will be contingent upon said developer obtaining a tax • edit deal for the parcels, described
in exhibit A, attached and incorporated; and
WHEREAS, any cost associated with said project will be reimbursed b k to the City;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CI Y OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution . e adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The purchase and sale of certain City -owned properties, to the developer spTied in
"Exhibit A," attached and incorporated, is approved.
Section 3. The City Manager is authorized {1) to execute a Purchase and Sale Agreement
("Agreement"), in substantially the attached form, to consummate such transaction in accorda e with
the terms and conditions of the Agreement, and to execute such other documents that 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 me
Cll.), of Miami
File N ber: 07-00398
the best terests of the City.
Section 4. T
Mayor,{2}
Footnotes:
Resolution shall become effective immediately upon its adoption and signature of the
{1} The herein authorizatio is further subject to compliance with all requirements that may be imposed
by the City Attorney, includin but not limited to those prescribed by applicable City Charter and Code
provisions.
{2} If the Mayor does not sign thi .'esolution, it shall become effective at the end of ten calendar days
from the date it was passed and a' .ted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the vet •' •y the City Commission.
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