HomeMy WebLinkAboutR-21-0179City of Miami
Resolution R-21-0179
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 8891 Final Action Date: 4/22/2021
A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR -FIFTHS
(4/5THS) AFFIRMATIVE VOTE, AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT
("AGREEMENT"), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
BETWEEN THE CITY OF MIAMI ("CITY") AND 1649-51, LLC, A FLORIDA
LIMITED LIABILITY COMPANY ("SELLER"), FOR THE ACQUISITION OF REAL
PROPERTIES LOCATED AT 1649 NORTHWEST 5 STREET AND 1651
NORTHWEST 5 STREET, MIAMI, FLORIDA (COLLECTIVELY, "PROPERTY"),
FOR A PURCHASE PRICE OF TWO MILLION FIVE HUNDRED THOUSAND
DOLLARS ($2,500,000.00); FURTHER AUTHORIZING THE CITY MANAGER
TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS,
INCLUDING AMENDMENTS AND MODIFICATIONS TO THE AGREEMENT,
ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE
NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS
FROM A SOURCE TO BE DETERMINED IN AN AMOUNT NOT TO EXCEED
TWO MILLION SIX HUNDRED SEVENTY-FIVE THOUSAND DOLLARS
($2,675,000.00) TO COVER ALL COSTS OF SAID ACQUISITION, INCLUSIVE
OF THE COST OF SURVEY, ENVIRONMENTAL REPORTS, TITLE
INSURANCE, DEMOLITION, SECURING THE PROPERTY, PROJECT
SIGNAGE, AND ALL CLOSING COSTS ASSOCIATED WITH SAID
ACQUISITION, ALL IN ACCORDANCE WITH THE TERMS AND CONDITIONS
OF THE AGREEMENT.
WHEREAS, the City of Miami ("City") wishes to acquire the real properties located at
1649 Northwest 5 Street and 1651 Northwest 5 Street, Miami, Florida (collectively, "Property");
and
WHEREAS, the City plans to construct a park on the Property that will serve the
recreational and cultural needs of the area and enhance the quality of life of residents in the
surrounding area; and
WHEREAS, 1649-51, LLC, a Florida Limited Liability Company ("Seller"), is the owner of
the Property and 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 Two Million Five Hundred
Thousand Dollars ($2,500,000.00) ("Purchase Price"); and
WHEREAS, pursuant to Section 166.045(1)(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
City of Miami Page 1 of 2 File ID: 8891 (Revision:) Printed On: 5/19/2025
File ID: 8891 Enactment Number: R-21-0179
WHEREAS, the City obtained two (2) appraisal reports from licensed State of Florida
certified appraisers and the average appraised value of the Property was determined to be Two
Million Three Hundred Thousand Dollars ($2,300,000.00); and
WHEREAS, Section 166.045(1)(b), Florida Statutes, further states that if the agreed
purchase price exceeds the average appraised price of the two (2) appraisals, the governing
body is required to approve the purchase by an extraordinary vote; and
WHEREAS, the City's total cost for the acquisition of the Property shall not exceed Two
Million Six Hundred Seventy -Five Thousand Dollars ($2,675,000.00), which is inclusive of all
closing costs and related costs pertaining to the purchase; and
WHEREAS, funds for the acquisition of the Property, including all closing and related
costs, shall be allocated from a source to be determined, subject to applicable laws;
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
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The City Manager is authorized to negotiate and execute the 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. The City Manager is further authorized' to negotiate and execute any and all
other necessary documents, including amendments and modifications to the Agreement, all in
forms acceptable to the City Attorney, as may be necessary to effectuate said acquisition.
Section 4. The City Manager shall budget, allocate, and appropriate necessary funds in
an amount not to exceed Two Million Six Hundred Seventy -Five Thousand Dollars
($2,675,000.00) for the costs of acquisition, including without limitation, the cost of survey,
environmental reports, title insurance, demolition, securing the property, project signage, and all
closing costs associated with said acquisition, with the allocation and appropriation to occur by
separate Resolution at time of need from legally available funding sources in accordance with
applicable operating and/or capital plan budgets, including amendments of such applicable
budget(s) as necessary.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity Attor
ey 4/12/2021
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
City of Miami
Page 2 of 2 File ID: 8891 (Revision:) Printed on: 5/19/2025