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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4334 Date: 06/22/2018 Commission Meeting Date: 07/26/2018 Requesting Department: Department of Real Estate and Asset Management Sponsored By: District Impacted: District 4 Type: Resolution Subject: Purchase and Sale Agreement - Jose Munoz and Yezmin Munoz 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 ("City") and Jose A. Munoz and Yezmin C. Munoz ("Seller"), for the acquisition of real property located at 600 Southwest 63rd Avenue and 610 Southwest 63rd Avenue, Miami, Florida ("Property"), containing an approximate total lot area of 13,500 square feet, for a total purchase price of Six Hundred Thousand Dollars ($600,000.00); further 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 Six Hundred Sixty Thousand Dollars ($660,000.00), to cover the cost of said acquisition, inclusive of the cost of survey, environmental report, title insurance, demolition, securing the Property, project signage 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 ("City") wishes to acquire real property located at 600 Southwest 63rd Avenue and 610 Southwest 63rd Avenue, Miami, Florida ("Property"). The City plans to assemble the Property containing 13,500 square feet with the abutting City -owned vacant land containing 20,756 square feet to construct a larger park that will enhance the quality of life in the surrounding area. Jose A. Munoz and Yezmin C. Munoz ("Seller") agreed to enter into a Purchase and Sale Agreement ("Agreement") with the City to convey the Property to the City for Six Hundred Thousand Dollars ($600,000.00). The City obtained an appraisal from a licensed State of Florida certified appraiser stating that the appraised value of the Property is at least the purchase price of Six Hundred Thousand Dollars ($600,000.00). The City's estimated total cost for the acquisition of the Property will not exceed Six Hundred Sixty Thousand Dollars ($660,000.00), 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 NOT funded by Bonds Item is an Expenditure Total Fiscal Impact: $660,000.00 CIP Project No: 40-B40507 (CW Park Expansions and Land ACQ) Reviewed B Real Estate and Asset Management Aldo Bustamante Office of Management and Budget Yvette Smith Office of Management and Budget Christopher M Rose City Manager's Office Legislative Division City Manager's Office Department of Fire -Rescue 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 Fernando Casamayor Valentin J Alvarez Nikolas Pascual Daniel Diaz Barnaby L. Min Barnaby L. Min Nicole Ewan Mayor's Office City Clerk's Office City Clerk's Office Department Head Review Completed 06/25/2018 6:50 AM Budget Analyst Review Completed 07/10/2018 9:25 PM Budget Review Completed 07/12/2018 12:41 PM Assistant City Manager Review Completed 07/12/2018 3:03 PM Legislative Division Review Completed 07/12/2018 4:08 PM City Manager Review Completed 07/12/2018 5:01 PM ACA Review Completed 07/16/2018 11:08 AM Deputy City Attorney Review Completed 07/16/2018 11:14 AM Approved Form and Correctness Completed 07/17/2018 10:41 AM Meeting Completed 07/26/2018 9:00 AM Signed by the Mayor Completed 08/06/2018 10:29 AM Signed and Attested by the City Clerk Completed 08/06/2018 5:00 PM Rendered Completed 08/06/2018 5:00 PM City of Miami Legislation Resolution Enactment Number: R-18-0322 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4334 Final Action Date:7/26/2018 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 JOSE A. MUNOZ AND YEZMIN C. MUNOZ ("SELLER") FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 600 SOUTHWEST 63RD AVENUE AND 610 SOUTHWEST 63RD AVENUE, MIAMI, FLORIDA ("PROPERTY") CONTAINING AN APPROXIMATE TOTAL LOT AREA OF 13,500 SQUARE FEET FOR A TOTAL PURCHASE PRICE OF SIX HUNDRED THOUSAND DOLLARS ($600,000.00); 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 NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS FROM THE OFFICE OF CAPITAL IMPROVEMENT ("OCI") PROJECT NO. 40-B40507, CITYWIDE PARK EXPANSIONS AND LAND ACQUISITION, IN A TOTAL AMOUNT NOT TO EXCEED SIX HUNDRED SIXTY THOUSAND DOLLARS ($660,000.00) TO COVER THE COST OF SAID ACQUISITION INCLUSIVE OF THE COST OF SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY, PROJECT SIGNAGE, AND RELATED CLOSING COSTS IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. WHEREAS, the City of Miami ("City") wishes to acquire two (2) adjacent parcels located at 600 Southwest 63rd Avenue and 610 Southwest 63rd Avenue, Miami, Florida ("Properties"); and WHEREAS, the City plans to assemble the Properties consisting of approximately thirteen thousand five hundred (13,500) square feet with an abutting City -owned vacant land consisting of twenty thousand seven hundred fifty-six (20,756) square feet located at 601 Southwest 63rd Court, Miami, Florida to construct a larger park consisting of approximately thirty four thousand two hundred fifty-six (34,256) square feet to enhance the quality of life for area residents; and WHEREAS, Jose A. Munoz and Yezmin C. Munoz ("Seller") have agreed to enter into a Purchase and Sale Agreement ("Agreement") with the City to convey the Properties to the City for a total purchase price of six hundred thousand dollars ($600,000.00); and WHEREAS, the City has obtained two (2) appraisals for the Properties from licensed and State of Florida certified appraisers which reflect a combined appraised value of six hundred thousand dollars ($600,000.00); and WHEREAS, the City's estimated total cost for the acquisition of the Properties will not exceed six hundred sixty thousand dollars ($660,000.00) to be allocated from Office of Capital Improvement ("OCI") 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 Seller for the acquisition of the Properties containing an approximate total lot area of thirteen thousand five hundred (13,500) square feet for a total purchase price of six hundred thousand dollars ($600,000.00). 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 necessary to effectuate said acquisition. Section 4. Funding for the acquisition is to be allocated from OCI Project No. 40- B40507, Citywide Park Expansions and Land Acquisition, in a total amount not to exceed six hundred sixty thousand dollars ($660,000.00) to cover the cost of said acquisition inclusive of the cost of survey, environmental report, title insurance, demolition, securing the Properties, project signage, and related closing costs 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: Barnaby I_. Min, Deputy City Attorney 7/17/2018 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.