HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #3538
Date: 01/16/2018
Commission Meeting Date: 02/22/2018
Requesting Department: Department of Real
Estate and Asset Management
Sponsored By:
District Impacted: District 4
Type: Resolution
Subject: Purchase and Sale Agreement - 2201 SW 26 Street
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 Carlos Fernandez ("Seller"),
for the acquisition of real property located at 2201 SW 26 Street, Miami, Florida,
("Property"), containing an approximate total lot area of 5,250 square feet, as legally
described in the Agreement, attached and incorporated, for a total purchase price of
Four Hundred Twenty Nine Thousand Dollars ($429,000.00), contingent upon the City
obtaining a written appraisal from licensed State of Florida certified 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 Capital Improvement and Transportation Program Project No. 40-B40507,
Citywide Park Expansions and Land Acquisition, in a total amount not to exceed Four
Hundred Seventy Thousand Dollars ($470,000.00), 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 2201 SW 26
Street, Miami, Florida ("Property"). The Purchaser plans to construct a park at the
Property to enhance the quality of life in the surrounding area. Carlos Fernandez
("Seller") agrees to enter into a Purchase and Sale Agreement ("Agreement"), to convey
the Property to the Purchaser for Four Hundred Twenty Nine Thousand Dollars
($429,000.00). The Agreement is contingent upon obtaining an appraisal stating that
the appraised value is at least Four Hundred Twenty Nine Thousand Dollars
($429,000.00). The Purchaser's estimated total cost for the acquisition of the Property
will not exceed Four Hundred Seventy Thousand Dollars ($470,000.00), to be allocated
from CIP Project No. 40-B40507, Citywide Park Expansions and Land Acquisition.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
$470,000.00
CIP Project No: 40-B40507 (CW Park Expansions and Land ACQ)
Real Estate and Asset Management Aldo Bustamante
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Reviewed B
Yvette Smith
Christopher M Rose
Alberto N. Parjus
Alberto N. Parjus
Valentin J Alvarez
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Mayor's Office
City Clerk's Office
City Clerk's Office
Department Head Review Completed 01/17/2018 7:01 AM
Budget Analyst Review Completed 01/22/2018 10:37 AM
Budget Review Completed 01/25/2018 5:35 PM
Assistant City Manager Review Completed 01/25/2018 8:19 PM
City Manager Review Completed 01/25/2018 8:19 PM
Legislative Division Review Completed 01/29/2018 4:07 PM
Deputy City Attorney Review Completed 02/08/2018 10:59 AM
Approved Form and Correctness Completed 02/12/2018 11:23 AM
Meeting Completed 02/22/2018 9:00 AM
Signed by the Mayor Completed 03/02/2018 4:42 PM
Signed and Attested by the City Clerk Completed 03/02/2018 4:59 PM
Rendered Completed 03/02/2018 4:59 PM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0070
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 3538 Final Action Date:2/22/2018
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 CARLOS FERNANDEZ FOR THE
ACQUISITION OF REAL PROPERTY LOCATED AT 2201 SOUTHWEST 26TH
STREET, MIAMI, FLORIDA ("PROPERTY"), CONTAINING AN APPROXIMATE TOTAL
LOT AREA OF 5,250 SQUARE FEET, AS LEGALLY DESCRIBED IN THE
AGREEMENT, ATTACHED AND INCORPORATED, FOR A TOTAL PURCHASE
PRICE OF FOUR HUNDRED TWENTY NINE THOUSAND DOLLARS ($429,000.00),
CONTINGENT UPON THE CITY OBTAINING A WRITTEN APPRAISAL FROM A
LICENSED STATE OF FLORIDA CERTIFIED APPRAISER ESTABLISHING THAT
THE APPRAISED VALUE OF THE PROPERTY IS AT A MINIMUM THE
REFERENCED AMOUNT HEREIN PURSUANT TO ALL LEGAL REQUIREMENTS;
FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND
MODIFICATIONS TO SAID AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, AS MAY BE DEEMED NECESSARY TO EFFECTUATE SAID
ACQUISITION, WITH FUNDS ALLOCATED FROM THE CAPITAL IMPROVEMENT
PROGRAM PROJECT NO. 40-B40507, CITYWIDE PARK EXPANSIONS AND LAND
ACQUISITION, IN A TOTAL AMOUNT NOT TO EXCEED FOUR HUNDRED SEVENTY
THOUSAND DOLLARS ($470,000.00), TO COVER THE COST OF SAID
ACQUISITION, INCLUSIVE OF THE COST 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 2201
Southwest 26 Street, Miami, Florida ("Property"); and
WHEREAS, the City plans to construct a park at the Property to enhance the quality of
life in the surrounding area; and
WHEREAS, Carlos Fernandez ("Seller") agreed to enter into a Purchase and Sale
Agreement ("Agreement") with the City to convey the Property to the City for Four Hundred
Twenty -Nine Thousand Dollars ($429,000.00); and
WHEREAS, the Agreement is contingent upon the City obtaining an appraisal stating
that the appraised value of the Property is at least Four Hundred Twenty -Nine Thousand Dollars
($429,000.00) pursuant to all legal requirements; and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Four Hundred Seventy Thousand Dollars ($470,000.00) to be allocated from the Capital
Improvement Program ("CIP") Project No. 40-B40507, Citywide Park Expansions and 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
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The City Manager is authorized to execute the Agreement, in substantially
the attached form, between the City and the Seller for the acquisition of the Property, containing
an approximate total lot area of 5,250 square feet, as legally described in the Agreement, for a
total purchase price of Four Hundred Twenty Nine Thousand Dollars ($429,000.00), contingent
upon the City obtaining a written appraisal from a licensed State of Florida certified appraiser
establishing that the appraised value of the Property is at a minimum the referenced amount
herein pursuant to all legal requirements.
Section 3. The City Manager is further authorized' 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 deemed necessary to effectuate said acquisition.
Section 4. Funding is allocated from the CIP Project No. 40-B40507, Citywide Park
Expansions and Land Acquisition, in a total amount not to exceed Four Hundred Seventy
Thousand Dollars ($470,000.00), to cover the cost of said acquisition, inclusive of the cost 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 Attor ey 2/12/2018
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