HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-00251 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE
AGREEMENT ("AGREEMENT") FOR THE ACQUISITION OF THE PROPERTY
LOCATED AT 735 SOUTHWEST 63 COURT, MIAMI, FLORIDA ("PROPERTY"),
CONTAINING ATOTAL LOT AREA OF 10,357 SQUARE FEET MORE OR LESS, AS
LEGALLY DESCRIBED IN THE PURCHASE AND SALE AGREEMENT BETWEEN
THE CITY OF MIAMI ("CITY") AND FEDERAL NATIONAL MORTGAGE
ASSOCIATION ("SELLER"), ATTACHED AND INCORPORATED, FORA TOTAL
PURCHASE PRICE OF TWO HUNDRED NINE THOUSAND NINE HUNDRED
DOLLARS ($209,900.00); AUTHORIZING THE CITY MANAGER TO EXECUTE ANY
NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
TO EFFECTUATE SAID ACQUISITION; WITH FUNDS ALLOCATED FROM
DISTRICT FOUR (4) PARK LAND ACQUISITION PROJECT B-50568 IN THE TOTAL
NOT TO EXCEED AMOUNT OF TWO HUNDRED FIFTEEN THOUSAND DOLLARS
($215,000.00), TO COVER THE COST OF SAID ACQUISITION INCLUSIVE OF THE
COST OF THE SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND
RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, 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 OF
MIAMI.
WHEREAS, the City of Miami ("City") wishes to acquire the property, currently bank -owned,
located at 735 Southwest 63rd Court, Miami, Florida ("Property"); and
WHEREAS, the City plans to construct a park at the Property to enhance the quality of life of the
local community; and
WHEREAS, the City acknowledges and takes the Property subject to the City's open code
compliance case CE2013011328; and
WHEREAS, Federal National Mortgage Association ("Seller") agrees to enter into a Purchase and
Sale Agreement ("Agreement") to sell the Property to the City for two hundred nine thousand nine
hundred dollars ($209,900.00); and
WHEREAS, the Agreement is contingent upon the City obtaining a written appraisal from a
licensed Florida appraiser stating that the appraised value is at least two hundred nine thousand nine
hundred dollars ($209,900.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed two
hundred fifteen thousand dollars ($215,000.00), to be allocated from Capital Improvements and
Transportation Program ("CITP") Project No. 40-B50568, District four (4) Park and Land Acquisition
funds;
City of Miami Page 1 of 2 File Id: 15-00251 (Version: 1) Printed On: 3/12/2015
File Number: 15-00251
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 hereby
adopted by reference thereto and incorporated herein as fully set forth in this Section.
Section 2. The City Manager is authorized{1} to execute an Agreement for the acquisition of the
Property containing a total lot area of 10,357 square feet more, or Tess, as legally described in the
Agreement between the City and the Seller, attached and incorporated, for a total purchase price of
two hundred nine thousand nine hundred dollars ($209,900.00); with funds allocated from District four
(4) Park Land Acquisition Project B-50568 in the total not to exceed amount of two hundred fifteen
thousand dollars ($215,000.00), to cover the cost of said acquisition inclusive of the cost of the survey,
environmental report, title insurance, and related closing costs associated with said acquisition; and
the City Manager is further authorized to execute any necessary documents, in a form acceptable to
the City Attorney, to effectuate said acquisition.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
APPOVED AS TO FORM D CORRECTNESS:
O—Lice
VICTORIA M NDEZ
CITY ATTORNEY
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 (10) 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: 15-00251 (Version: 1) Printed On: 3/12/2015