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Resolution: R.03-1206
City Ha0
350D Pan American
Drive
Miami, FL 33133
www.cLmiamLfl.us
ilile Numbers 03-0227
Final Action Date:11/25/2003
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, APPROVING THE
ACQUISITION OF THE PROPERTIES LISTED ON "ATTACHMENT 1,"
ATTACHED AND INCORPORATED, ON BEHALF OF THE MODEL CITY
COMMUNITY REVITALIZATION DISTRICT TRUST WiTH THE APPROPRIATE
PROVISIONS, SUBJECT TO BUDGETARY APPROVAL.
WHEREAS, the Model City Community Revitalization District Trust ("Model City Trust") was
established, pursuant to Ordinance No.12982, as a Limited agency and instrumentality of the City
of Miami ("City"); and
WHEREAS, it Is in the best interest of the City and Model City Trust that the purchase price of
each individual property to be acquired by the Model City Trust and be approved by the Board of
Directors of Model City Trust;. and
WHEREAS, it is in the best interest of the City that the City Commission approve the purchase
price of each individual property; and
WHEREAS, the Model City Trust has approved centrals with the property owners for
purchase prices that exceed 15% above the average of the two appraisals; and
WHEREAS, State law authorizes the governing body of a municipality to purchase a property
for en amount in excess of appraisal by four -fifths vote;
NOW, THEREFORE, BE 1T 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. By a four -fifths (4/5ths) affirmative vote, the acquisition of the properties listed on "
Attachment ,'' attached and incorporated, on behalf of the Model City Trust, with the appropriate
provisions is approved, subject to budgetary approval and the conditions defined below.
Section 3. The acquisition of the seven (7) properties at the price listed and highlighted on "
Attachment I," attached and incorporated, is approved.
Section 4. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{1}
Chy ofMtae,i
Page J of. ' Printed On: U23/2004
Book22455/Page4652 CFN#20040554857 Page 2 of 4
File Number. 03-0227
Enactment Number: R-03.1206
Yootnoties
{1) 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.
Clry gfMond
Page 1 of 2 Primes Da: 1123i2004
Book22455/Page4653 CFN#20040554857 Page 3 of 4