Loading...
HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4984 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 - 3699 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 Dennis Nieves ("Seller"), for the acquisition of real property located at 3699 SW 1 Avenue, Miami, Florida ("Property"), for a purchase price of Six Hundred Seventeen Thousand Five Hundred Dollars ($617,500.00); 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 Six Hundred Fifty -Five Thousand Dollars ($655,000.00), 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 3699 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. Dennis Nieves ("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 Six Hundred Seventeen Thousand Five Hundred Dollars ($617,500.00). The City obtained two appraisals from a licensed State of Florida certified appraisers stating that the appraised value of the Property is at least the purchase price of Six Hundred Seventeen Thousand Five Hundred Dollars ($617,500.00). The City's estimated total cost for the acquisition of the Property will not exceed Six Hundred Fifty -Five Thousand Dollars ($655,000.00), 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: $655,000.00 CIP Project No: 40-B183415 (D3 Park LAQ) 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 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 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 Completed 10/12/2018 12:18 PM Budget Analyst Review Completed 10/16/2018 11:25 AM Budget Review Completed 10/16/2018 4:18 PM Assistant City Manager Review Completed 10/16/2018 4:35 PM City Manager Review Completed 10/16/2018 4:37 PM Legislative Division Review Completed 10/16/2018 4:40 PM ACA Review Completed 10/16/2018 4:41 PM Deputy City Attorney Review Completed 10/16/2018 4:48 PM Approved Form and Correctness Completed 10/16/2018 5:01 PM Meeting Completed 10/25/2018 9:00 AM Signed by the Mayor Completed 11/02/2018 4:12 PM Signed and Attested by the City Clerk Completed 11/02/2018 4:31 PM Rendered Completed 11/02/2018 4:32 PM City of Miami Legislation Resolution Enactment Number: R-18-0478 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4984 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 DENNIS NIEVES ("SELLER") FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 3699 SOUTHWEST 1ST AVENUE, MIAMI, FLORIDA ("PROPERTY") FOR A PURCHASE PRICE OF SIX HUNDRED SEVENTEEN THOUSAND FIVE HUNDRED DOLLARS ($617,500.00); 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-B183415, DISTRICT 3 PARK LAND ACQUISITION, IN A TOTAL AMOUNT NOT TO EXCEED SIX HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($655,000.00) 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 at 3699 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, Dennis Nieves ("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 purchase price of Six Hundred Seventeen Thousand Five Hundred Dollars ($617,500.00); 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 Six Hundred Seventeen Thousand Five Hundred Dollars ($617,500.00); and WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed Six Hundred Fifty -Five Thousand Dollars ($655,000.00), 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 Seller for the acquisition of the Property for a purchase price of Six Hundred Seventeen Thousand Five Hundred Dollars ($617,500.00). 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 of the Property is to be allocated from OCI Project No. 40-6183415, District 3 Park Land Acquisition, in a total amount not to exceed Six Hundred Fifty -Five Thousand Dollars ($655,000.00) 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.