HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-01650 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"), IN SUBSTANTIALLY THE ATTACHED FORM,
BETWEEN THE CITY OF MIAMI ("CITY") AND THE FEDERAL NATIONAL
MORTGAGE ASSOCIATION ("SELLER"), FOR THE ACQUISITION OF THE REAL
PROPERTY LOCATED AT 12 SOUTHWEST 47TH AVENUE, MIAMI, FLORIDA,
("PROPERTY"), WITH AN APPROXIMATE TOTAL LOT AREA OF 9,475 SQUARE
FEET, AS LEGALLY DESCRIBED IN THE AGREEMENT, FOR A TOTAL PURCHASE
PRICE OF TWO HUNDRED SEVENTY FOUR THOUSAND NINE HUNDRED
DOLLARS ($274,900.00), CONTINGENT UPON THE CITY OBTAINING A WRITTEN
APPRAISAL FROM A LICENSED FLORIDA APPRAISER STATING THAT THE
APPRAISED VALUE OF THE PROPERTY IS AT MINIMUM THE REFERENCED
AMOUNT HEREIN; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE ALL OTHER DOCUMENTS, INCLUDING AMENDMENTS AND
MODIFICATIONS TO SAID AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, AS MAY BE NECESSARY TO EFFECTUATE SAID ACQUISITION;
WITH FUNDS ALLOCATED FROM THE CAPITAL IMPROVEMENT AND
TRANSPORTATION PROGRAM PROJECT B-50568, DISTRICT 4 PARK LAND
ACQUISITION, IN THE TOTAL AMOUNT NOT TO EXCEED APPROXIMATELY TWO
HUNDRED EIGHTY FIVE THOUSAND DOLLARS ($285,000.00), TO COVER THE
COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF THE SURVEY,
ENVIRONMENTAL REPORT, TITLE INSURANCE AND SUCH OTHER RELATED
CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE
WITH THE TERMS AND CONDITIONS OF THE AGREEMENT.
WHEREAS, the City of Miami ("City") wishes to acquire the property located at 12 Southwest 47th
Avenue, Miami, Florida ("Property"), with an approximate total lot area of 9,475 square feet, as legally
described in the Purchase and Sale Agreement ("Agreement"), attached and incorporated as Exhibit
"A", and that is 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
residents of the City; and
WHEREAS, Seller agrees to enter into the Agreement to sell the Property to the City for Two
Hundred Seventy Four Thousand Nine Hundred Dollars ($274,900.00); and
WHEREAS, the Agreement is contingent upon the Purchaser obtaining a written appraisal from a
licensed Florida appraiser stating that the appraised value is at a minimum the referenced amount of
approximately Two Hundred Seventy Four Thousand Nine Hundred Dollars ($274,900.00); and
WHEREAS, the Purchaser's estimated total cost for the acquisition of the Property will not exceed
approximately Two Hundred Eighty Five Thousand Dollars ($285,000.00), to be allocated from Capital
Improvement and Transportation Program ("CITP") Project No. B-50568, District 4 Park Land
City of Miamni
Page 1 of 2 File Id: 15-01650 (Version: 1) Printed On: 12/23/2015
File Number: 15-01650
Acquisition;
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 an Agreement in substantially the
attached form, between the City and the Seller, for the acquisition of the real property located at 12
Southwest 47th Avenue, Miami, Florida ("Property"), with an approximate total lot area of 9,475 square
feet, as legally described in the Agreement, for a total purchase price of Two Hundred Seventy Four
Thousand Nine Hundred Dollars ($274,900.00), contingent upon the City obtaining a written appraisal
from a licensed Florida appraiser stating that the appraised value of the property is at a minimum the
referenced amount herein.
Section 3. The City Manager is further authorized to negotiate and execute all other documents,
including amendments and modifications to said Agreement, in a form acceptable to the City Attorney,
as may be necessary to effectuate said acquisition, with funds allocated from the CITP Project No.
B-50568, District 4 Park Land Acquisition, in the total amount not to exceed approximately Two
Hundred Eighty Five Thousand Dollars ($285,000.00), to cover the cost of said acquisition, inclusive of
the cost of the survey, environmental report, title insurance and such other related closing costs
associated with said acquisition, in accordance with the terms and conditions of the Agreement.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
APPROVED AS TO FORM AND CORRECTNESS:
(
VI"TORIA ENDEZ 079--
CITYATTORNEY
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: 15-01650 (Version: 1) Printed On: 12/23/2015