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Community Redevelopment Agency
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OMNI CRA Resolution: CRA-R-24-0039
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 16182 Final Action Date:6/18/2024
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A
PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM
ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND BIG
BIG CANASTA LLC, AND 17 EAST MR. P, LLC ("SELLER") FOR THE
ACQUISITION OF REAL PROPERTY LOCATED AT 41 NW 20TH ST., MIAMI,
FLORIDA 33127, CONTAINING AN APPROXIMATE TOTAL LOT AREA OF
15,600 SQUARE FEET ("PROPERTY") FOR A TOTAL PURCHASE PRICE NOT
TO EXCEED FIVE MILLION SEVEN HUNDRED AND NINETY FIVE THOUSAND
DOLLARS ($5,795,000.00); FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY
DOCUMENTS, INCLUDING ANY AMENDMENTS AND MODIFICATIONS TO
SAID AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL,
THAT MAY BE NECESSARY TO EFFECTUATE SAID ACQUISITION;
ALLOCATING FUNDS FROM ACCOUNT NO. 10040.920501.662000.0000.00000
IN A TOTAL AMOUNT NOT TO EXCEED SIX MILLION THREE HUNDRED
SEVENTY-FOUR THOUSAND FIVE HUNDRED DOLLARS ($6,374,500.00)
INCLUSIVE OF SAID ACQUISITION COST, THE COST OF A SURVEY,
ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING
COSTS ASSOCIATED WITH SAID ACQUISITION, ALL IN ACCORDANCE WITH
THE TERMS AND CONDITIONS OF THE AGREEMENT; FURTHER
AUTHORIZING GENERAL COUNSEL TO ENGAGE OUTSIDE COUNSEL FOR
THE PURPOSES OF THE CLOSING AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") wishes to acquire the real property located at 41 NW 20 St., Miami, Florida 33127
containing an approximate total lot area of 15,600 square feet ("Property") from Big Big Canasta
LLC and 17 East Mr. P LLC ("Seller"); and
WHEREAS, the CRA plans to develop the Property for affordable housing to enhance
the quality of life in the surrounding area and address slum and blight in accordance with the
CRA's Redevelopment Plan; and
WHEREAS, the CRA's estimated total cost for the acquisition of the Property will not
exceed Six Million Three Hundred Seventy -Four Thousand Five Hundred Dollars
($6,374,500.00) which includes the cost of acquisition, the cost of a survey, environmental
report, title insurance, and related closing costs associated with said acquisition; and
WHEREAS, funds are to be allocated from Account No.
10040.920501.662000.0000.00000;
City of Miami Page 1 of 2 File ID: 16182 (Revision:) Printed On: 6/27/2024
File ID: 16182 Enactment Number: CRA-R-24-0039
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director is authorized to execute a Purchase and Sale
Agreement ("Agreement"), in a form acceptable to the General Counsel, between the CRA and
the Seller for the acquisition of the Property for a total purchase price not to exceed Five Million
Seven Hundred Ninety -Five Thousand Dollars ($5,795,000.00) contingent upon the CRA
obtaining a written appraisal from a licensed Florida appraiser stating that the appraised value
of the Property is at a minimum the referenced amount herein.
Section 3. The Executive Director is further authorized to negotiate and execute any and
all necessary documents, including any amendments and modifications to said Agreement, in a
form acceptable to the General Counsel, as may be necessary to effectuate said acquisition,
with funds allocated from 10040.920501.662000.0000.00000, in a total amount not to exceed
Six Million Three Hundred Seventy -Four Thousand Five Hundred Dollars ($6,374,500.00), to
cover the cost of said acquisition, inclusive of the cost of a survey, environmental report, title
insurance, and related closing costs associated with said acquisition.
Section 4. The General Counsel is authorized to engage outside counsel for the purpose
of the closing of said transaction.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
City of Miami Page 2 of 2 File ID: 16182 (Revision:) Printed on: 6/27/2024