HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-16-0415
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-01125
Version: 1
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Execute Purchase & Sale Agrmt - Astor Trolley, LLC
Requester: Department of Real Estate and Cost:
Asset Management
Introduced: 8/2/2016
Final Action: 9/8/2016
Title: 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
ASTOR TROLLEY, LLC ("SELLER"), FOR THE ACQUISITION OF REAL PROPERTY LOCATED
AT 3722 AND 3724 OAK AVENUE, 3320 AND 3340 SOUTHWEST 37TH AVENUE, AND 3723
FROW AVENUE, MIAMI, FLORIDA, ("PROPERTY"), WITH AN APPROXIMATE TOTAL LOT
AREA OF 21,658 SQUARE FEET, AS LEGALLY DESCRIBED IN THE AGREEMENT, FOR A
TOTAL PURCHASE PRICE OF THREE MILLION SIXTY THOUSAND DOLLARS ($3,060,000.00),
CONTINGENT UPON THE CITY OBTAINING TWO (2) WRITTEN APPRAISALS FROM
LICENSED FLORIDA APPRAISERS 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;
ALLOCATING FUNDS FROM A SOURCE TO BE DETERMINED, IN A TOTAL AMOUNT NOT TO
EXCEED THREE MILLION ONE HUNDRED THIRTY THOUSAND DOLLARS ($3,130,000.00), 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.
Sponsors:
Notes:
Indexes:
Attachments: 16-01125 Summary Form.pdf,16-01125 Letter of Intent.pdf,16-01125 Corporate Detail.pdf,16-01125
Pre-Legislation.pdf,16-01125 Legislation.pdf,16-01125 Exhibit.pdf,16-01125-Submittal-City
Attorney -Mendez Back-up.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 Office of the City 8/12/2016 Reviewed and
Attorney Approved
1 City Commission 9/8/2016 ADOPTED Pass
1 Office of the Mayor 9/19/2016 Signed by the Mayor Office of the City
Clerk
City of Miami Page 1 Printed on 5/24/2018
City of Miami
Master Report
Enactment Number: R-16-0415
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
1 Office of the City Clerk 9/19/2016 Signed and Attested
by City Clerk
City of Miami Page 2 Printed on 5/24/2018