Loading...
HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #5475 Date: 01 /31 /2019 Commission Meeting Date: 02/14/2019 Requesting Department: Department of Real Estate and Asset Management Sponsored By: Joe Carollo District Impacted: District 3 Type: Resolution Subject: Purchase and Sale Agreement - 1320 SW 21 st Street Purpose of Item: 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, by a four -fifths (4/5ths) affirmative vote, between the City of Miami ("City") and MGR Builders LLC ("Seller"), for the acquisition of real property located at 1320 Southwest 21 Street, Miami, Florida 33145 ("Property"); for a purchase price of Six Hundred Thousand Dollars ($600,000.00); 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 Twenty -Five Thousand Dollars ($625,000.00), 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; 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. Background of Item: The City of Miami ("City") wishes to acquire the real property located at 1320 Southwest 21 Street, Miami, Florida 33145 ("Property"). The City plans to construct a park that will enhance the quality of life of residents in the surrounding area. MGR Builders LLC ("Seller") has agreed to enter into a purchase and sale Agreement ("Agreement") with the City to convey the Property to the City for a purchase price of Six Hundred Thousand Dollars ($600,000.00) ("Purchase Price"). Pursuant to Section 166.045(b), Florida Statutes, entitled "Proposed Purchase of Real Property by Municipality; Confidentiality of Records; Procedure," for each purchase in an amount in excess of $500,000.00, the governing body shall obtain at least two (2) appraisals by appraisers approved pursuant to Section 253.025, Florida Statutes. The City obtained two (2) appraisal reports from licensed State of Florida certified appraisers. Section 166.045(b), Florida Statutes, further states that if the agreed purchase price exceeds the average price of the two (2) appraisals, the governing body is required to approve the purchase by an extraordinary vote, a four -fifths (4/5ths) vote of the City Commission. The City's estimated total cost for the acquisition of the Property will not exceed Six Hundred Twenty -Five Thousand Dollars ($625,000.00), 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: $625,000 CIP Project No: 40-B183415 (D3 Park LAQ) Real Estate and Asset Management Aldo Bustamante Office of Management and Budget Pedro Lacret Office of Management and Budget 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 Reviewed B Christopher M Rose Fernando Casamayor Valentin J Alvarez Nikolas Pascual Daniel Diaz Barnaby L. Min Victoria Mendez Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office Department Head Review Completed 02/01/2019 9:49 AM Budget Analyst Review Completed 02/05/2019 2:47 PM Budget Review Completed 02/05/2019 3:26 PM Assistant City Manager Review Completed 02/05/2019 3:39 PM Legislative Division Review Completed 02/05/2019 3:40 PM City Manager Review Completed 02/05/2019 4:55 PM ACA Review Completed 02/05/2019 5:12 PM Deputy City Attorney Review Completed 02/05/2019 5:45 PM Approved Form and Correctness Completed 02/05/2019 6:32 PM Meeting Completed 02/14/2019 9:00 AM Signed by the Mayor Completed 02/25/2019 4:14 PM Signed and Attested by the City Clerk Completed 02/25/2019 4:41 PM Rendered Completed 02/25/2019 4:41 PM City of Miami Legislation Resolution Enactment Number: R-19-0061 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 5475 Final Action Date:2/14/2019 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, BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, BETWEEN THE CITY OF MIAMI ("CITY") AND MGR BUILDERS LLC ("SELLER") FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 1320 SOUTHWEST 21 STREET, MIAMI, FLORIDA ("PROPERTY") FOR A PURCHASE PRICE OF SIX HUNDRED THOUSAND DOLLARS ($600,000.00); ALLOCATING FUNDS FROM THE OFFICE OF CAPITAL IMPROVEMENT PROJECT NO. 40- B183415, DISTRICT 3 PARK LAND ACQUISITION, IN A TOTAL AMOUNT NOT TO EXCEED SIX HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($625,000.00) 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; 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. WHEREAS, the City of Miami ("City") wishes to acquire the real property located at 1320 Southwest 21 Street, Miami, Florida ("Property"); and WHEREAS, the City plans to construct a park that will enhance the quality of life of residents in the surrounding area; and WHEREAS, MGR Builders LLC ("Seller") has agreed to enter into a purchase and sale Agreement ("Agreement") with the City to convey the Property to the City for a purchase price of Six Hundred Thousand Dollars ($600,000.00) ("Purchase Price"); and WHEREAS, pursuant to Section 166.045(b), Florida Statutes, titled "Proposed Purchase of Real Property by Municipality; Confidentiality of Records; Procedure," for each purchase in an amount in excess of $500,000.00, the governing body shall obtain at least two (2) appraisals by appraisers approved pursuant to Section 253.025, Florida Statutes; and WHEREAS, the City obtained two (2) appraisal reports from licensed State of Florida certified appraisers with an average appraisal price of Four Hundred Ninety -Seven Thousand Five Hundred Dollars ($497,500.00); and WHEREAS, Section 166.045(b), Florida Statutes, further states that if the agreed purchase price exceeds the average price of the two (2) appraisals, the governing body is required to approve the purchase by an extraordinary vote (i.e. a four -fifths (4/5ths) vote of the City Commission); and WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed Six Hundred Twenty -Five Thousand Dollars ($625,000.00) 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 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 the Purchase Price. Section 3. Funding for the acquisition of the Property is to be allocated from OCI Project No. 40-B183415, District 3 Park Land Acquisition in a total amount not to exceed Six Hundred Twenty -Five Thousand Dollars ($625,000.00) 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. Section 4. The City Manager is further authorized to negotiate and execute any and all necessary documents including amendments and modifications to said Agreement, all in a form acceptable to the City Attorney, as may be necessary to effectuate said acquisition. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, Ginty Attor ey 215/2019 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.