HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-00155
File Type: Resolution
Version: 1 Reference:
Status: Returned to
Department
Controlling Body: City Commission
File Name: Exec. Purchase & Sale Agrmt. - 240 SW 7 Ave Introduced: 2/2/2016
Requester: Department of Real Estate and Cost: Final Action:
Asset Management
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
SAINC CORP. ("SELLER"), FOR THE ACQUISITION OF REAL PROPERTIES LOCATED AT 240
SOUTHWEST 7TH AVENUE, MIAMI, FLORIDA, FOLIO NO. 01-0202-020-1220, 230 SOUTHWEST
7TH AVENUE, MIAMI, FLORIDA, FOLIO NO. 01-0202-020-1210, AND 220 SOUTHWEST 7TH
AVENUE, MIAMI, FLORIDA, FOLIO NO. 01-0202-020-1030 ("PROPERTY"), WITH AN
APPROXIMATE TOTAL LOT AREA OF 20,000 SQUARE FEET, AS LEGALLY DESCRIBED IN
THE AGREEMENT, ATTACHED AND INCORPORATED AS EXHIBIT "A", FOR A TOTAL
PURCHASE PRICE OF ONE MILLION THREE HUNDRED THOUSAND DOLLARS
($1,300,000.00), CONTINGENT UPON THE CITY OBTAINING A WRITTEN APPRAISAL FROM A
LICENSED FLORIDA APPRAISER STATING THAT THE APPRAISED VALUE 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 NO. B40355C, DISTRICT 3 PARK LAND ACQUISITION, IN A TOTAL AMOUNT NOT
TO EXCEED ONE MILLION THREE HUNDRED FORTY THOUSAND DOLLARS ($1,340,000.00),
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: 16-00155 Summary Form.pdf,16-00155 Legislation.pdf,16-00155 Exhibit - Agreement.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 Office of the City 2/26/2016 Reviewed and
Attorney Approved
1 City Commission 3/11/2016 WITHDRAWN Pass
City of Miami Page 1 Printed on 9/3/2024