HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-00085
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 2601 SOUTHWEST 13TH STREET, MIAMI, FLORIDA,
("PROPERTY"), WITH AN APPROXIMATE TOTAL LOT AREA OF 6,900 SQUARE
FEET, AS LEGALLY DESCRIBED IN THE AGREEMENT, FORATOTAL PURCHASE
PRICE OF TWO HUNDRED SEVENTY ONE THOUSAND DOLLARS ($271,000.00),
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;
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 IMPROVEMENTS AND TRANSPORTATION PROGRAM
PROJECT NO. B-50568, DISTRICT 4 PARK LAND ACQUISITION, IN ATOTAL
AMOUNT NOT TO EXCEED TWO HUNDRED EIGHTY THOUSAND DOLLARS
($280,000.00), TO COVER THE COST OF SAID ACQUISITION, INCLUSIVE OF
THE COST OF A 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 2601 Southwest
13th Street, Miami, Florida ("Property"), with an approximate total lot area of 6,900 square feet, as
legally described in the Purchase and Sale Agreement ("Agreement"), in substantially the attached
form 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 in the surrounding area; and
WHEREAS, Seller agrees to enter into the Agreement to sell the Property to the City for Two
Hundred Seventy One Thousand Dollars ($271,000,00); 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 a minimum the referenced amount of
Two Hundred Seventy One Thousand Dollars ($271,000.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed Two
Hundred Eighty Thousand Dollars ($280,000.00), to be allocated from Capital Improvements and
City of Miami Page 1 of 2 File Id: 16-00085 (Version: 1) Printed On: 2/25/2016
File Number: 16-00085
Transportation Program ("CITP") Project No. B-50568, District 4 Park Land 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 Property, with an approximate
total lot area of 6,900 square feet, as legally described in the Agreement, for a total purchase price of
Two Hundred Seventy One Thousand Dollars ($271,000.00), 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 a total amount not to exceed Two Hundred Eighty
Thousand Dollars ($280,000.00), to cover the cost of said acquisition, inclusive of the cost of a 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:
VICTORIA /IENDEZ
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: 16-00085 (Version: 1) Printed On: 2/25/2016