HomeMy WebLinkAboutResolutionCity of Miami
Resolution
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 3537 Final Action Date: 3/22/2018
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 THE VALENCIA GROUP
CORP., A FLORIDA PROFIT CORPORATION ("VALENCIA GROUP"), FOR
THE ACQUISITION OF REAL PROPERTY LOCATED AT 2484 SOUTHWEST
24TH TERRACE, MIAMI, FLORIDA ("PROPERTY"), CONTAINING AN
APPROXIMATE TOTAL LOT AREA OF 11,500 SQUARE FEET, AS LEGALLY
DESCRIBED IN THE AGREEMENT, ATTACHED AND INCORPORATED, FOR
A TOTAL PURCHASE PRICE OF FIVE HUNDRED SEVENTY-FIVE
THOUSAND DOLLARS ($575,000.00); 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;
ALLOCATING FUNDS FROM THE CAPITAL IMPROVEMENT PROGRAM
PROJECT NO. 40-B40507, CITYWIDE PARK EXPANSIONS AND LAND
ACQUISITION, IN A TOTAL AMOUNT NOT TO EXCEED SIX HUNDRED
TWENTY THOUSAND DOLLARS ($620,000.00), 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 real property located at 2484
Southwest 24th Terrace, 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, the Valencia Group Corp., a Florida profit corporation ("Valencia Group"),
agreed to enter into a Purchase and Sale Agreement ("Agreement") to convey the Property to
the City for a total purchase price of Five Hundred Seventy -Five Thousand Dollars
($575,000.00); and
WHEREAS, pursuant to legal requirements, the City obtained two (2) written appraisals
from licensed State of Florida certified appraisers establishing the average appraised price of
the two (2) appraisals is equal to the purchase price; and
City of Miami Page 1 of 2 File ID: 3537 (Revision: A) Printed On: 2/6/2025
File ID: 3537 Enactment Number:
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Six Hundred Twenty Thousand Dollars ($620,000.00) to be allocated from 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
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, in substantially
the attached form, between the City and the Valencia Group for the acquisition of the Property,
containing an approximate total lot area of 11,500 square feet, as legally described in the
Agreement, attached and incorporated, for a total purchase price of Five Hundred Seventy -Five
Thousand Dollars ($575,000.00).
Section 3. The City Manager is further authorized' 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.
Section 4. Funding is allocated from CIP Project No. 40-B40507, Citywide Park
Expansions and Land Acquisition, in a total amount not to exceed Six Hundred Twenty
Thousand Dollars ($620,000.00), 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:
nde` z, City Attor ey 2/9/2018
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
City of Miami Page 2 of 2 File ID: 3537 (Revision: A) Printed on: 2/6/2025