HomeMy WebLinkAboutLetter of IntentTAN'trf ti
July 29, 2016
Property Owner ("Seller")
C/O Astor Real Estate Group, LLC
Ms. Roza Radkiewicz
21 Almeria Avenue, Suite A
Coral Gables, FL 33134
DANIEL J. ALFONSO
City Manager
RE: Letter of Intent - Property Address: 3320 SW 37th Avenue (Douglas Rd), Miami, Florida, 33133
Folio(s): 01-4120-006-0530; 01-4120-006-0540; 01-4120-006-0550; 01-4120-006-0560; 01-4120-006-0750
Dear Ms. Radkiewicz:
The City of Miami ("City") is interested in purchasing your property referenced above as previously expressed in the initial
Letter of Intent dated July 14th, 2016. Upon receipt and review of the appraisals, the City kindly requests that you provide
written confirmation of your willingness to accept an offer at the appraised value of Three Million Sixty Thousand Dollars
($3,060,000,00) subject to the following conditions:
1, A Phase I Environmental Site Assessment (and/or a Phase II Environmental Site Assessment if deemed necessary);
2. Seller shall clear all the title issues prior to closing;
3. Seller is to deliver the property vacant;
4. The transaction shall be a cash purchase with no financing conditions;
5. Purchase shall be subject to City Commission approval.
This letter constitutes the City's willingness to proceed and to negotiate a mutually acceptable formal Purchase Agreement.
It is understood that no legal rights or obligations shall arise by virtue of this Letter of Intent, and neither party shall be
bound by the terms hereof, unless and until the execution and delivery of a formal, written Purchase Agreement for the
subject property has been mutually executed and delivered by duly authorized representatives of both parties.
If the Seller is interested in selling the above referenced property per the conditions explained herein, please have Seller
sign below and email the signed Letter of Intent to d1ozano cr miamigov.coln. if you have any questions or concerns please
contact Danny Lozano, Property Management Specialist with the City of Miami, Department of Real Estate and Asset
Management at (305) 416-1469.
Daniel Rotenberg, Director
DR/AB/HM/DL
SELLER.' As Tolley, LLC
Acknowledged by:
Print name: ,1 k
Date: c
0/47
DEPARTMENT OF REAL ESTATE AND ASSi3T MANAGEMENT
444 S.W. 2nd Avenue, 3rd Floor, Miami, Florida 33130 / (305) 416-1450 / Fax; (305) 416-2156