HomeMy WebLinkAboutcover memotl
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM :
The Honorable Ma or and
M ers of t
ulissio
Joe iola,
Chi • dministrator/City Manager
DATE:
SUBJECT:
SEP102004
FILE :
Option to Purchase Real Property
Located at 3188 SW 16th Terr. for a
Fire Station in the Coral Way Area
REFERENCES:
Resolution and Option Agreement
ENCLOSURES:
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution, by an
affirmative vote of 4/5ths of the members of the City Commission, authorizing the City Manager to
exercise the Option to purchase the property located at 3188 SW 16th Terrace, Miami, Florida, (the
Property), as legally described in the Option Agreement between the City of Miami and LPR Enterprises
of Miami, Inc., a Florida Corporation (Seller), attached hereto and made a part hereof, in connection with
the development of a fire station, with a purchase price of $1,408,000.00, and to consummate said
transaction in accordance with the terms of said Option Agreement. This Resolution further allocates
funds in the amount of $1,453,000.00 from the Neighborhood Fire Stations and Training Facility Project
Account No. 313306.289307 appropriated from the $255 Million Homeland Defense/Neighborhood
Improvement Bond to cover the cost of said acquisition inclusive of cost of survey, appraisals,
environmental reports, title insurance and other closing costs associated with said acquisition.
BACKGROUND:
On December 12, 2002 the City of Miami Commission adopted Resolution No. 02-1294 which
authorized and approved certain projects to be funded from the Homeland Defense/Neighborhood
Improvement Bond Funds. On July 17, 2003 the City Commission adopted Ordinance No. 12380, as
amended, the Capital Projects Appropriations Ordinance, to appropriate $15,750,000 available from the
Homeland Defense/Neighborhood Improvement Bond Proceeds for various capital improvement
purposes including appropriating $5,500,000 to the Neighborhood Fire Stations and Training Facility
Project Account No. 313306.
The Fire -Rescue Department has established that there is a need to add a fire station in the Coral Way
area of the City in order to improve emergency response time. An independent appraisal was procured
and established Two Hundred Twenty -Five Thousand Dollars ($1,225,000) as the fair market value for
the Property. The Purchase Price exceeds the appraised value by 15%.
It is a condition precedent to the validity of the Option Agreement and its execution by the City Manager
that the City Commission of the City of Miami approve this Agreement by a greater majority of a 4/5th
vote of its members, failing such approval the Agreement shall be automatically null and void without the
necessity of further action by either party.
FINANCIAL IMPACT:
There is no impact to the City's General Fund. Total acquisition cost of $1,453,000.00 will be
provided through CIP NO. 313306.289307 entitled "Neighborhood Fire Stations and Training
Facili".
JA:LMH:W W1KAA:mv.memooptianCora] WayFireStation.doc