Loading...
HomeMy WebLinkAboutAgenda Item Summary FormDate: 05/04/2017 AGENDA ITEM SUMMARY FORM File ID: #2274 Requesting Department: Department of Real Estate and Asset Management Commission Meeting Date: 06/22/2017 District Impacted: District 4 Type: Resolution Subject: Purchase and Sale Agreement - 615 SW 63rd Court Purpose of Item: 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 ("Purchaser") and Vivian Carratala ("Seller"), for the acquisition of real property located at 615 SW 63rd Court, Miami, Florida, ("Property"), containing an approximate total lot area of 11,992 square feet, as legally described in the Agreement, attached and incorporated, for a total purchase price of Three Hundred Forty-five Thousand Dollars ($345,000.00), 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; authorizing the City Manager to negotiate and execute all necessary 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 D4 Park Land Acquisition Project No. 40-B50568 and Capital Improvement and Transportation Program Project No. 40-B40507, Citywide Park Expansions and Land Acquisition, in a total amount not to exceed Three Hundred Eighty Thousand Dollars ($380,000.00), to cover the cost of said acquisition, inclusive of the cost of survey, environmental report, title insurance, demolition, securing the Property and related closing costs associated with said acquisition, in accordance with the terms and conditions of the Agreement. Background of Item: The City of Miami ("Purchaser") wishes to acquire the property located at 615 SW 63rd Court, Miami, Florida ("Property"). Pursuant to Resolution R-16-0124 adopted on March 24th, 2016, the Purchaser acquired fee simple title to the property located at 601 SW 63 CT ("Adjacent Parcel") abutting the Property's northeast portion for the construction of a park. The Purchaser plans to assemble the Property containing 11,992 square feet along with 8,738 square feet of the Adjacent Parcel to construct a larger park that will enhance the quality of life in the surrounding area. The total size of the Property and the Adjacent Parcel is approximately 20,730 square feet. Vivian Carratala ("Seller") agrees to enter into a Purchase and Sale Agreement ("Agreement"), to convey the Property to the Purchaser for Three Hundred Forty-five Thousand Dollars ($345,000.00). The Agreement is contingent upon obtaining an appraisal stating that the appraised value is at least Three Hundred Forty-five Thousand Dollars ($345,000.00). The Purchaser's estimated total cost for the acquisition of the Property will not exceed Three Hundred Eighty Thousand Dollars ($380,000.00), to be allocated from CIP Project No. 40- B50568 D4 Park Land Acquisition and Capital Improvement and Transportation Program Project No. 40-B40507, Citywide Park Expansions and Land Acquisition. Budget Impact Analysis Item is an Expenditure Item is NOT Related to Revenue Item is NOT funded by Homeland Defense/Neighborhood Improvement Bonds Total Fiscal Impact: $380,000.00 CIP Project No: 40-B50568 (D4 Park Land Acquisition) 40-B40507 (CW Park Expansions and Land ACQ) Reviewed B Real Estate and Asset Management Aldo Bustamante Department Head Review Completed 05/04/2017 12:18 PM Office of Management and Budget Everton Garvis Budget Analyst Review Completed 05/05/2017 10:59 AM Office of Management and Budget Christopher M Rose Budget Review Completed 05/12/2017 4:54 PM City Manager's Office Alberto N. Parjus Assistant City Manager Review Completed 05/16/2017 4:46 PM Office of Management and Budget Yvette Smith Review Pending Completed 05/22/2017 10:38 AM Legislative Division Valentin J Alvarez Legislative Division Review Completed 05/19/2017 2:50 PM City Manager's Office Daniel J. Alfonso City Manager Review Completed 05/23/2017 8:45 AM Office of the City Attorney Barnaby L. Min Deputy City Attorney Review Completed 05/23/2017 8:55 AM Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed 06/13/2017 4:25 PM City Commission Maricarmen Lopez Meeting Completed 06/22/2017 9:00 AM Office of the Mayor Mayor's Office Signed by the Mayor Completed 06/26/2017 4:51 PM Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 06/26/2017 5:28 PM * !MCORP oelno 1® 91 ! O R X City of Miami Legislation Resolution Enactment Number: R-17-0303 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2274 Final Action Date:612212017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), ATTACHED AND INCORPORATED, BETWEEN THE CITY OF MIAMI ("CITY") AND VIVIAN CARRATALA ("SELLER"), FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 615 SOUTHWEST 63 COURT, MIAMI, FLORIDA ("PROPERTY"), CONTAINING AN APPROXIMATE TOTAL LOT AREA OF 11,992 SQUARE FEET, AS LEGALLY DESCRIBED IN THE AGREEMENT, FOR A TOTAL PURCHASE PRICE OF $345,000.00, 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; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY 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 IN THE AMOUNT OF $226,835.78 FROM THE DISTRICT 4 PARK LAND ACQUISITION PROJECT NO. 40- B50568 AND ALLOCATING FUNDS IN THE AMOUNT OF $153,164.22 FROM CITYWIDE PARK EXPANSIONS AND LAND ACQUISITION PROJECT NO. 40- B40507, FOR A TOTAL AMOUNT NOT TO EXCEED $380,000.00, TO COVER THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COSTS OF A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY, AND 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 615 Southwest 63 Court, Miami, Florida ("Property"); and WHEREAS, pursuant to Resolution No. 16-0124, adopted on March 24, 2016, the City acquired a fee simple title to the property located at 601 Southwest 63 Court, Miami, Florida ("Adjacent Parcel") abutting the Property's Northeast portion for the construction of a park; and WHEREAS, the City plans to assemble the Property containing 11,992 square feet along with the 8,738 square feet of the Adjacent Parcel to construct a larger park that will enhance the quality of life in the surrounding area; and WHEREAS, the total size of the Property and the Adjacent Parcel is approximately 20,730 square feet; and WHEREAS, Vivian Carratala ("Seller") agrees to enter into a Purchase and Sale Agreement ("Agreement") to convey the Property to the City for $345,000.00; and WHEREAS, the Agreement is contingent upon the City obtaining an appraisal from a licensed Florida appraiser stating that the appraised value of the Property is at least $345,000.00; and WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed $380,000.00, with funds in the amount of $226,835.78 to be allocated from the District 4 Park Land Acquisition Project No. 40-B50568 ("D4 PLA Account") and funds to be allocated in the amount of $153,164.22 from the Citywide Park Expansions and Land Acquisition Project No. 40-B40507 ("Citywide PELA Account"); 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 to execute the Agreement, attached and incorporated, between the City and the Seller, for the acquisition of the Property, containing an approximate total lot area of 11,992 square feet, as legally described in the Agreement, for a total purchase price of $345,000.00, 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 stated herein. Section 3. The City Manager is further authorized' to negotiate and execute all necessary documents, including amendments and modifications to the Agreement, in a form acceptable to the City Attorney, as may be necessary to effectuate said acquisition. Section 4. Purchase of the Property is authorized with funds in the amount of $226,835.78 to be allocated from the D4 PLA Account and funds in the amount of $153,164.22 to be allocated from the Citywide PELA Account, for a total amount not to exceed $380,000.00, to cover the cost of said acquisition, inclusive of the costs of a survey, environmental report, title insurance, demolition, securing the Property, and related closing costs associated with said acquisition, in accordance with the terms and conditions of the Agreement. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, City Httor ey ) 6/13/2017 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 City 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.