HomeMy WebLinkAboutR-08-0497City of Miami
Legislation
Resolution: R-08-0497
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00976 Final Action Date: 9/11/2008
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE SALE OF A CERTAIN CITY OF MIAMI ("CITY") OWNED
PROPERTY LOCATED AT 1436 NORTHWEST 61 STREET, MIAMI, FLORIDA, TO
THE INDIVIDUAL , AS SPECIFIED IN EXHIBIT "A," ATTACHED AND
INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE A REAL
ESTATE PURCHASE AND SALE AGREEMENT, IN SUBSTANTIALLY THE
ATTACHED FORM 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, pursuant to Resolution No. 07-0305, adopted June 12, 2007, the Miami City
Commission approved the sale of the property specified in Exhibit "A," attached and incorporated, to
Tymara Coldin; and
WHEREAS, due to the lost of subsidy, Tymara Coldin does not meet the qualification for the
purchase of the aforementioned property; and
WHEREAS, Maureen Allon, a new homebuyer, has expressed the desire to purchase said
property; and
WHEREAS, the Department of Community Development has reviewed Maureen Allon's
household income, and certifies that she is within 80% of the area median income, qualifying the
homebuyer as a low income household; and
WHEREAS, the following conditions have been put in place for the purchase of said property:
1. The property must remain owner -occupied for 30 years;
2. In the case of sale or transfer of the property, the borrower will be required to sell the home to
an income eligible borrower approved by the City of Miami at a price not to exceed the
maximum allowable purchase price approved by the City Commission in existence at the time
of sale;
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 property located at 1436 Northwest 61
Street, Miami, Florida, to the individual, as specified in Exhibit "A," attached and incorporated, is
City of Miami
Page 1 of 2 File Id: 08-00976 (Version: 1) Printed On: 5/12/2017
File Number: 08-00976 Enactment Number: R-08-0497
approved.
Section 3. The City Manager is authorized{1} to execute a Real Estate Purchase and Sale
Agreement, in substantially the attached form, 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}
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.
City of Miami Page 2 of 2 File Id: 08-00976 (Version: 1) Printed On: 5/12/2017