HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-00417
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 XANADU PROPERTIES 1301, L.L.C.
("SELLER"), FOR THE ACQUISITION OF THE REAL PROPERTY LOCATED AT
1301 SOUTHWEST 21STAVENUE, MIAMI, FLORIDA, ("PROPERTY"), WITH AN
APPROXIMATE TOTAL LOT AREA OF 8,587 SQUARE FEET, AS LEGALLY
DESCRIBED IN THE AGREEMENT, FORATOTAL PURCHASE PRICE OF THREE
HUNDRED THREE THOUSAND SEVEN HUNDRED TWENTY DOLLARS
($303,720,00), CONTINGENT UPON THE CITY OBTAINING A WRITTEN
APPRAISAL FROM A LICENSED FLORIDAAPPRAISER STATING THAT THE
APPRAISED VALUE OF THE PROPERTY IS AT A MINIMUM THE REFERENCED
AMOUNT HEREIN; FURTHER 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.
B50568, DISTRICT 4 PARK LAND ACQUISITION, IN A TOTAL AMOUNT NOT TO
EXCEED THREE HUNDRED FIFTEEN THOUSAND DOLLARS ($315,000.00), 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 1301 Southwest
21 st Avenue, Miami, Florida ("Property"), with an approximate total lot area of 8,587 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 Xanadu Properties 1301, L.L.C.
("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 Three
Hundred Three Thousand Seven Hundred Twenty Dollars ($303,720.00); and
WHEREAS, the Agreement is 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 of Three Hundred Three Thousand Seven Hundred Twenty Dollars ($303,720.00);
and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed Three
City of Miami Page 1 of 2 File Id: 16-00417 (Version: 1) Printed On: 3/28/2016
File Number: 16-00417
Hundred Fifteen Thousand Dollars ($315,000,00), to be allocated from Capital Improvements and
Transportation Program ("CITP") Project No. B50568, 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 8,587 square feet, as legally described in the Agreement, for a total purchase price of
Three Hundred Three Thousand Seven Hundred Twenty Dollars ($303,720,00), 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, with funds allocated from the CITP Project
No. B50568, District 4 Park Land Acquisition, in a total amount not to exceed Three Hundred Fifteen
Thousand Dollars ($315,000.00), 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 3. The City Manager is further authorized {1} 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.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {2}
Aflf OVED AS TO F'RM A ?ORRECTNESS:
VI ' ORIA
CITY ATTO
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: 16-00417 (Version: 1) Printed On: 3/28/2016