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HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM COVER PAGE File ID: #13010 Resolution Sponsored by: Commissioner Manolo Reyes 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 2130 SW9 ST LLC FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 2132 SOUTHWEST 9 STREET, MIAMI, FLORIDA ("PROPERTY"), FOR A PURCHASE PRICE OF TWO HUNDRED SIXTY-SEVEN THOUSAND DOLLARS ($267,000.00); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO THE AGREEMENT, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO EFFECTUATE THE ACQUISITION; ALLOCATING FUNDS FROM THE DISTRICT 4 ALLOCATION OF MIAMI FOREVER BOND DOLLARS FOR DISTRICT 4 PARK LAND ACQUISITION IN AN AMOUNT NOT TO EXCEED THREE HUNDRED THOUSAND DOLLARS ($300,000.00) TO COVER THE COST OF THE ACQUISITION INCLUDING SURVEYS, ENVIRONMENTAL REPORTS, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY, PROJECT SIGNAGE, AND RELATED CLOSING COSTS, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. City of Miami Legislation Resolution Enactment Number: R-23-0027 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 13010 Final Action Date:1/12/2023 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 2130 SW9 ST LLC FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 2132 SOUTHWEST 9 STREET, MIAMI, FLORIDA ("PROPERTY"), FOR A PURCHASE PRICE OF TWO HUNDRED SIXTY-SEVEN THOUSAND DOLLARS ($267,000.00); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO THE AGREEMENT, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO EFFECTUATE THE ACQUISITION; ALLOCATING FUNDS FROM THE DISTRICT 4 ALLOCATION OF MIAMI FOREVER BOND DOLLARS FOR DISTRICT 4 PARK LAND ACQUISITION IN AN AMOUNT NOT TO EXCEED THREE HUNDRED THOUSAND DOLLARS ($300,000.00) TO COVER THE COST OF THE ACQUISITION INCLUDING SURVEYS, ENVIRONMENTAL REPORTS, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY, PROJECT SIGNAGE, AND RELATED CLOSING COSTS, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. WHEREAS, the City of Miami ("City") wishes to acquire the property located at 2132 Southwest 9 Street, Miami, Florida ("Property"), which is owned by 2130 SW 9 ST LLC ("Seller"); and WHEREAS, the City plans to construct a park on the Property that will enhance the quality of life of residents in the surrounding area; and WHEREAS, the Seller has agreed to enter into a Purchase and Sale Agreement ("Agreement") with the City to convey the Property for Two Hundred Sixty -Seven Thousand Dollars ($267,000.00); and WHEREAS, the City obtained an appraisal from a licensed State of Florida certified appraiser stating that the appraised value of the Property is at least the purchase price of Two Hundred Sixty -Seven Thousand Dollars ($267,000.00); and WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed Three Hundred Thousand Dollars ($300,000.00), with funds being allocated from the District 4 allocation of Miami Forever Bond dollars for District 4 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 the Agreement for the acquisition of the Property for Two Hundred Sixty -Seven Thousand Dollars ($267,000.00). Section 3. The City Manager is further authorized1 to negotiate and execute any and all necessary documents, including amendments and modifications to the Agreement, all in forms acceptable to the City Attorney, as may be necessary to effectuate the acquisition. Section 4. Funding for the acquisition is to be allocated in an amount not to exceed Three Hundred Thousand Dollars ($300,000.00) from the District 4 allocation of Miami Forever Bond dollars for District 4 Park Land Acquisition. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 1/3/2023 ndez, it)/ Attor ey 1/19/2023 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.