HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #4982
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 - Little Havana Lots
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
AQUELARRE USA, LLC ("Seller"), for the acquisition of real property located in Little
Havana, Miami, Florida identified as Folio(s): 01-4102-011-0370, 01-4102-011-0361,
01-4102-011-0360, 01-4102-011-0340 ("Property"), for a purchase price of Two Million
Two Hundred Fifty -Five Thousand Dollars ($2,255,000.00); 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 Two Million Three Hundred Thousand Dollars ($2,300,000.00), 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 in Little Havana,
Miami, Florida identified as Folio(s): 01-4102-011-0370, 01-4102-011-0361, 01-4102-
011-0360, 01-4102-011-0340 ("Property"). The City plans to construct a park that will
enhance the quality of life of residents in the surrounding area. AQUELARRE USA, LLC
("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 Two Million Two Hundred
Fifty -Five Thousand Dollars ($2,255,000.00). 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 Two Million Two Hundred Fifty -Five Thousand
Dollars ($2,255,000.00). The City's estimated total cost for the acquisition of the
Property will not exceed Two Million Three Hundred Thousand Dollars ($2,300,000.00),
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:
$2,300,000.00
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 10:16 AM
Budget Review Completed 10/16/2018 4:11 PM
Assistant City Manager Review Completed 10/16/2018 4:37 PM
City Manager Review Completed 10/16/2018 4:37 PM
Legislative Division Review Completed 10/16/2018 4:38 PM
ACA Review Completed 10/16/2018 4:39 PM
Deputy City Attorney Review Completed 10/16/2018 5:24 PM
Approved Form and Correctness Completed 10/16/2018 5:38 PM
Meeting Completed 10/25/2018 9:00 AM
Signed by the Mayor Completed 11/02/2018 4:20 PM
Signed and Attested by the City Clerk Completed 11/02/2018 4:41 PM
Rendered Completed 11/02/2018 4:41 PM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0487
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4982 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 AQUELARRE USA, LLC ("SELLER") FOR THE ACQUISITION OF
REAL PROPERTY GENERALLY LOCATED AT APPROXIMATELY 1251
SOUTHWEST 7TH STREET, MIAMI, FLORIDA, AND FURTHER IDENTIFIED AS
FOLIO NUMBERS 01-4102-011-0370, 01-4102-011-0361, 01-4102-011-0360, AND 01-
4102-011-0340 ("PROPERTY") FORA PURCHASE PRICE OF TWO MILLION TWO
HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($2,255,000.00); 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-
B183415, DISTRICT 3 PARK LAND ACQUISITION, IN A TOTAL AMOUNT NOT TO
EXCEED TWO MILLION THREE HUNDRED THOUSAND DOLLARS ($2,300,000.00)
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
generally at 1251 Southwest 7th Street, Miami, Florida and further identified as folio numbers 01-
4102-011-0370, 01-4102-011-0361, 01-4102-011-0360, and 01-4102-011-0340 ("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, Aquelarre USA LLC, a Florida limited liability company ("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 Two Million Two
Hundred Fifty -Five Thousand Dollars ($2,255,000.00); 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 Two
Million Two Hundred Fifty -Five Thousand Dollars ($2,255,000.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Two Million Three Hundred Thousand Dollars ($2,300,000.00) with funds being
allocated from the Office of Capital Improvement ("OCI") Project No. 40-6183415, 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 Two Million Two Hundred Fifty -Five Thousand Dollars
($2,255,000.00).
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 Two Million Three Hundred
Thousand Dollars ($2,300,000.00) 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 Attor
ey
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.