HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #4983
Date: 10/12/2018
Commission Meeting Date: 10/25/2018
Requesting Department: Department of Real
Estate and Asset Management
Sponsored By: Joe Carollo
District Impacted: District 3
Type: Resolution
Subject: Purchase and Sale Agreement - 3701 SW 1st Avenue
Purpose of Item:
A Resolution of the Miami City Commission, authorizing the City Manager to execute a
Purchase and Sale Agreement ("Agreement"), between the City of Miami ("City") and
Bruce B. Barton ("Seller"), for the acquisition of real property located at 3701 SW 1
Avenue, Miami, Florida ("Property"), for a purchase price of Eight Hundred Ninety
Thousand Dollars ($890,000.00); 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; allocating funds from the Office of Capital Improvement
("OCI") Project No. 40-B183415, District 3 Park Land Acquisition, in a total amount not
to exceed Nine Hundred Twenty Thousand Dollars ($920,000.00), 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 applicable 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 the real property located 3701 SW 1
Avenue, Miami, Florida ("Property"). The City plans to construct a park that will enhance
the quality of life of residents in the surrounding area. Bruce B Barton ("Seller") has
agreed to enter into a Purchase and Sale Agreement ("Agreement") with the City to
convey the Property to the City for the amount of Eight Hundred Ninety Thousand
Dollars ($890,000.00). The City obtained two appraisals from licensed State of Florida
certified appraisers stating that the appraised value of the Property is at least the
purchase price of Eight Hundred Ninety Thousand Dollars ($890,000.00). The City's
estimated total cost for the acquisition of the Property will not exceed Nine Hundred
Twenty Thousand Dollars ($920,000.00), with funds being allocated from the Office of
Capital Improvement ("OCI") Project No. 40-B183415, District 3 Park Land Acquisition.
Budget Impact Analysis
Item is an Expenditure
Item is NOT funded by Bonds
Item is NOT Related to Revenue
Total Fiscal Impact:
$920,000.00
CIP Project No:
40-B183415 (D3 Park LAQ)
Real Estate and Asset Management
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
Legislative Division
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
Reviewed B
Aldo Bustamante
Yvette Smith
Christopher M Rose
Fernando Casamayor
Nikolas Pascual
Valentin J Alvarez
Daniel Diaz
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Mayor's Office
City Clerk's Office
City Clerk's Office
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Signed by the Mayor
Signed and Attested by the City Clerk
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
10/12/2018 12:19 PM
10/16/2018 10:39 AM
10/16/2018 4:17 PM
10/16/2018 4:35 PM
10/16/2018 4:36 PM
10/16/2018 4:39 PM
10/16/2018 4:40 PM
10/16/2018 4:59 PM
10/16/2018 5:00 PM
10/25/2018 9:00 AM
11/02/2018 4:12 PM
11/02/2018 4:31 PM
11/02/2018 4:31 PM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0477
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4983 Final Action Date:10/25/2018
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY
MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"),
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF
MIAMI ("CITY") AND BRUCE B. BARTON FOR THE ACQUISITION OF REAL
PROPERTY LOCATED AT 3701 SOUTHWEST 1ST AVENUE, MIAMI, FLORIDA
("PROPERTY") FOR A PURCHASE PRICE OF EIGHT HUNDRED NINETY
THOUSAND DOLLARS ($890,000.00); 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 PROJECT NO. 40-B183415, DISTRICT 3
PARK LAND ACQUISITION, IN A TOTAL AMOUNT NOT TO EXCEED NINE
HUNDRED TWENTY THOUSAND DOLLARS ($920,000.00) 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 APPLICABLE 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 3701
Southwest 1st Avenue, Miami, Florida ("Property"); and
WHEREAS, the City plans to construct a park at the Property that will enhance the
quality of life of residents in the surrounding area; and
WHEREAS, Bruce B. Barton ("Seller") has agreed to enter into a Purchase and Sale
Agreement ("Agreement"), in a form acceptable to the City Attorney, with the City to convey the
Property to the City for the amount of Eight Hundred Ninety Thousand Dollars ($890,000.00);
and
WHEREAS, the City obtained two (2) appraisals from licensed State of Florida certified
appraisers stating that the appraised value of the Property is at least the purchase price of Eight
Hundred Ninety Thousand Dollars ($890,000.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Nine Hundred Twenty Thousand Dollars ($920,000.00), with funds being allocated from
the Office of Capital Improvement ("OCI") Project No. 40-B183415, 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' to execute an Agreement, in a form
acceptable to the City Attorney, between the City and the Seller for the acquisition of the
Property for a purchase price of Eight Hundred Ninety Thousand Dollars ($890,000.00).
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 allocated from OCI Project No. 40-B183415,
District 3 Park Land Acquisition, in a total amount not to exceed Nine Hundred Twenty
Thousand Dollars ($920,000.00) to cover the cost of said acquisition inclusive of the cost of
survey, environmental report, title insurance, demolition, securing the Property, project signage,
and applicable 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:
ndez, City Httor ey 10/16/2018
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.