Loading...
HomeMy WebLinkAboutR-15-0369City of Miami Legislation Resolution: R-15-0369 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-01002 Final Action Date: 9/10/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT") BETWEEN THE CITY OF MIAMI ("CITY") AND THE FEDERAL NATIONAL MORTGAGE ASSOCIATION, FOR THE ACQUISITION OF THE PROPERTY LOCATED AT 1197 SOUTHWEST 19 AVENUE, MIAMI, FLORIDA, CONTAINING A TOTAL LOT AREA OF 6,726 SQUARE FEET MORE OR LESS, AS LEGALLY DESCRIBED IN THE AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, FORATOTAL PURCHASE PRICE OF TWO HUNDRED THIRTY SEVEN THOUSAND NINE HUNDRED DOLLARS ($237,900.00); FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WHICH ARE NECESSARY TO EFFECTUATE SAID ACQUISITION; FUNDS ALLOCATED FROM THE CAPITAL IMPROVEMENT AND TRANSPORTATION PROGRAM D4 PARK LAND ACQUISITION PROJECT B-50568, IN THE TOTAL AMOUNT NOT TO EXCEED TWO HUNDRED FORTY SIX THOUSAND DOLLARS ($246,000.00) TO COVER THE COST OF SAID ACQUISITION INCLUSIVE OF THE COST OF THE SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE AND RELATED CLOSING COSTS, 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, the City of Miami ("City") wishes to acquire the property located at 1197 Southwest 19 Avenue, Miami, Florida ("Property"), currently owned by the Federal National Mortgage Association ("Seller"); and WHEREAS, the City plans to construct a park at the Property to enhance the quality of life of the surrounding area; and WHEREAS, the City acknowledges and takes the Property subject to any liens pending with the City; and WHEREAS, Seller agrees to enter into a Purchase and Sale Agreement ("Agreement") to sell the Property to the City for Two Hundred Thirty Seven Thousand Nine Hundred Dollars ($237,900.00); 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 Thirty Seven Thousand Nine Hundred Dollars ($237,900.00); and WHEREAS, the City's total estimated cost for the acquisition of the Property will not exceed Two Hundred Forty Six Thousand Dollars ($246,000.00), to be allocated from the Capital Improvement and Transportation Program ("CITP") D4 Park Land Acquisition Project No. B-50568; City of Miami Page 1 of 2 File Id: 15-01002 (Version: 1) Printed On: 3/22/2018 File Number: 15-01002 Enactment Number: R-15-0369 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 if fully set forth in this Section. Section 2. The City Manager is authorized {1 } to execute the Agreement between the City and the Seller, for the acquisition of the property located at 1197 Southwest 19 Avenue, Miami, Florida, containing a total lot area of 6,726 square feet more or less, as legally described in the Agreement, in substantially the attached form, for a total purchase price of two hundred thirty seven thousand nine hundred dollars ($237,900.00); further authorizing the City Manager to execute any documents, in a form acceptable to the City Attorney, which are necessary to effectuate said acquisition. Section 3. Funds are allocated from CITP D4 Park Land Acquisition Project B-50568 in the total amount not to exceed two hundred forty six thousand dollars ($246,000.00), 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. Section 3. 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 (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: 15-01002 (Version: 1) Printed On: 3/22/2018