HomeMy WebLinkAboutResolutionCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-00155 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 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", FORATOTAL 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.
WHEREAS, the City of Miami ("City") wishes to acquire 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 Purchase and Sale Agreement ("Agreement"), in substantially the attached form and
attached as Exhibit "A", and currently owned by Sainc Corp. ("Seller"); and
WHEREAS, the City plans to construct a park at the Property to enhance the quality of life in the
surrounding area; and
WHEREAS, Seller agrees to enter into the Agreement to sell the Property to the City for One
Million Three Hundred Thousand Dollars ($1,300,000.00); and
WHEREAS, the Agreement is contingent upon the City obtaining a written appraisal from a
City of Miami Page 1 of 2 File Id: 16-00155 (Version: 11 Printed On: 9/3/2024
File Number: 16-00155
licensed Florida appraiser stating that the appraised value is at least One Million Three Hundred
Thousand Dollars ($1,300,000.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed One
Million Three Hundred Forty Thousand Dollars ($1,340,000.00), to be allocated from Capital
Improvement and Transportation Program ("CITP") Project No. B40355C, District 3 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 Seller, for the acquisition of the 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, and 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. 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.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {2}
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: 16-00155 (Version: 11 Printed On: 9/3/2024