HomeMy WebLinkAboutSummary FormDate: 6/10/2011
AGENDA ITEM SUMMARY FORM
FILE ID: i/ 005 3 3
Requesting Department: Public Facilities/Asset Management
Commission Meeting Date: 7/14/2011 District Impacted: 3
Type: ® Resolution ❑ Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution for the purchase of the property located at 1320 SW 12 Avenue, Miami, FL
Purpose of Item:
Law Department
Matter ID No.
11-1054
A Resolution of the Miami City Commission, with attachment(s), authorizing the City
Manager to execute a Purchase and Sale Agreement (Agreement), in substantially the attached form,
between the City of Miami and Consumer Solutions REO LLC, a Florida Limited Liability Company,
for the acquisition of the property located at 1320 S.W. 12th Avenue, Miami, Florida ("Property") as
legally described in the agreement, in connection with the reconstruction of the Little Havana
Community Center, for a total purchase price not to exceed Thirty -Two Thousand Dollars
($32,000.00), and to consummate said transaction in accordance with the terms of the agreement,
further allocating funds, at a total amount not to exceed One Hundred Thousand Dollars
($100,000.00) from the Community Development Block Grant previous years close out funds,
appropriated to cover the costs associated with the acquisition and development of the property,
including but not limited to surveys, environmental reports and title insurance. Further authorizing
the City Manager to execute any necessary documents, in a form acceptable to the City Attorney, to
accomplish the acquisition of the Property.
Background Information:
NO
YES
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No: B-70412
NO Is this item funded by Homeland
Defense/Neighborhood Improvement Bonds?
See Supplemental Sheet
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving capital funds
Grants N/A
l ooib C. Dgc-
Final Approvals 41111111117
(SIGN AND DATE1
Budget S , �l
Risk Management / W
Dept. Director .1/S1:460
City Manager
Purchasing N/A
C
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4111MW
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Subject: Resolution for the purchase of the property located at 1320 SW 12 Avenue, Miami, FL
Background Information:
The City of Miami ("City") has plans to reconstruct the Little Havana Community Center
located at 1300 S.W. 12 Avenue, Miami, Florida to enhance the quality of life for all who visit the
neighborhood. The City wishes to acquire the property currently under foreclosure, located at 1320
S.W. 12 Avenue, Miami, Florida ("Property") abutting the Little Havana Community Center, to
enhance the development of the Community Center.
The Property, containing 3,175 sq. ft. is contiguous to the Community Center. Consumer
Solutions REO LLC, a Florida corporation, the owner of the Property has submitted a Willing Owner
Statement and will enter into a Purchase and Sale Agreement, to sell the property to the City for
Thirty -Two Thousand Dollars ($32,000) .
One independent appraisal was procured and established $32,000 as the average fair market
value for the Property.
Resolution adopted on , authorized the transfer of Community Development
Block Grant Funds from the Capital Improvement Program Office Little Havana Community Center
Project in the amount of $100,000 to the Department of Public Facilities for the purchase and
development of the site. The City's estimated cost for the acquisition and development of the Property
will not exceed One Hundred Thousand Dollars ($100,000).
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