HomeMy WebLinkAboutR-18-0487City of Miami
Resolution R-18-0487
Legislation
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") 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 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.
SPONSOR(S): Commissioner Joe Carollo
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
City of Miami Page 1 of 2 File ID: 4982 (Revision: A) Printed On: 4/4/2025
File ID: 4982 Enactment Number: R-18-0487
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-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 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, ity Attor
1
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.
City of Miami Page 2 of 2 File ID: 4982 (Revision: A) Printed on: 4/4/2025