HomeMy WebLinkAboutSummary FormDate: Nov. 15, 2012
AGENDA ITEM SUMMARY FORM
FILE ID: /8-0/31e1/1
Requesting Department: Public Facilities/Asset Management
Commission Meeting Date: 12/13/2012 District Impacted: 3
Type: ® Resolution ❑ Ordinance ElEmergency Ordinance ❑ Discussion Item
n Other
Subject: Resolution for the purchase of the property located at 1330 SW 12 Avenue, Miami, FL
Purpose of Item:
Law Department
Matter ID No.
12-2586
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 ("Purchaser") and Jesus Ramirez and Kathy Rivera ("Sellers"), for the acquisition
of the property located at 1330 S.W. 12th Avenue, Miami, Florida ("Property"), as legally described
in the Agreement, in connection with the expansion of the Community Center, for a
total purchase price of Two Hundred and Seventy Thousand ($270,000.00) Dollars, and to finalize the
transaction in accordance with the terms of the Agreement; further allocating funds, at a total amount
not to exceed Three Hundred Thousand ($300,000.00) Dollars from the Community Development
Block Grant previous years close out funds, appropriated to cover the costs associated with the
acquisition 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:.
See Supplemental Sheet
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO
;o b.,2 g I e,r mi vL
Is this item funded by Homeland
Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $ 30t),0o d YCUix&
Final Approvals
(SIGN AND DATE)
If using or receiving capital funds
Grants N/A
Purchasing N/A
Chief
Budget
Risk Manageme
Dept. Director
City Mana
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Subject: Resolution for the purchase of the property located at 1330 SW 12 Avenue, Miami, FL
Background Information:
The City of Miami ("Purchaser") has plans to expand the Community Center located at 1330
S.W. 12 Avenue, Miami, Florida to enhance the quality of life for all who, visit the neighborhood.
The Purchaser wishes to acquire the property currently under short sale, located at 1330 S.W. 12
Avenue, Miami, Florida ("Property") abutting a City owned property and the Community Center, to
enhance the development of the Community Center.
The Property, containing 6,867 sq. ft. is contiguous to the City owned property and the
Community Center.
Jesus Ramirez and Kathy Rivera ("Sellers") agreed to enter into a Purchase and Sale
Agreement, to sell the Property to the Purchaser for Two Hundred and Seventy Thousand Dollars
($270,000); and
One independent appraisal was procured and established $270,000 as the average fair market
value for the Property.
Funding in the amount of $300,000 will be allocated from the Community Development Block
Grant Funds under the Capital Improvement Program Office Community Center Project for the
purchase of the site
The Purchaser's estimated total cost for the acquisition of the Property will not exceed Three
Hundred Thousand Dollars ($300,000).
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