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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-21-0501 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11138 File Type: Resolution Status: ADOPTED Revision: Controlling Body: City Commission File Name: Direct CM - Execute Purchase and Sale Agreement Introduced: 11/30/2021 Requesting Dept: Commissioners and Mayor Final Action Date: 12/9/2021 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR -FIFTHS (4/STHS) 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 1142 SW 4 ST LLC, A FLORIDA LIMITED LIABILITY COMPANY ("SELLER"), FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 1510 SOUTHWEST 7 STREET, MIAMI, FLORIDA ("PROPERTY"), FOR A PURCHASE PRICE OF ONE MILLION DOLLARS ($1,000,000.00); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID 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 ONE MILLION SIXTY THOUSAND DOLLARS ($1,060,000.00), TO COVER THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF SURVEY, ENVIRONMENTAL REPORTS, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY, PROJECT SIGNAGE AND RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. Sponsor(s): Commissioner Joe Carollo Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: History of Legislative File: Revision: Acting Body: Date: Action: Result: Legislative Division Jacqueline Lorenzo Marie Gouin Victoria Mendez City Commission City Commission City Clerk's Office 11/30/2021 11/30/2021 11/30/2021 11/30/2021 12/9/2021 12/9/2021 12/14/2021 Legislative Division Review ACA Review Budget Review Approved Form and Correctness Meeting ADOPTED Rendered Completed Completed Completed Completed Completed Passed Completed City of Miami Page 1 of 1 Printed on: 6/5/2025