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HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM COVER PAGE File ID: #13269 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 HIGHTOWN REALTY GROUP LLC FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 145 SOUTHWEST 71 AVENUE, MIAMI, FLORIDA ("PROPERTY"), FOR A PURCHASE PRICE OF FOUR HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($425,000.00); 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 OCI PROJECT NO. 40-B213414, DISTRICT 4 PARK AND AFFORDABLE HOUSING LAND ACQUISITION, IN AN AMOUNT NOT TO EXCEED FOUR HUNDRED SIXTY THOUSAND DOLLARS ($460,000.00) TO COVER THE COST OF THE ACQUISITION INCLUDING SURVEYS, ENVIRONMENTAL REPORTS, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY, PROJECT SIGNAGE, AND RELATED CLOSING COSTS, ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. City of Miami Legislation Resolution Enactment Number: R-23-0060 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 13269 Final Action Date:1/26/2023 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 HIGHTOWN REALTY GROUP LLC FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 145 SOUTHWEST 71 AVENUE, MIAMI, FLORIDA ("PROPERTY"), FOR A PURCHASE PRICE OF FOUR HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($425,000.00); 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 OCI PROJECT NO. 40-B213414, DISTRICT 4 PARK AND AFFORDABLE HOUSING LAND ACQUISITION, IN AN AMOUNT NOT TO EXCEED FOUR HUNDRED SIXTY THOUSAND DOLLARS ($460,000.00) TO COVER THE COST OF THE ACQUISITION INCLUDING SURVEYS, ENVIRONMENTAL REPORTS, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY, PROJECT SIGNAGE, AND RELATED CLOSING COSTS, ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT. WHEREAS, the City of Miami ("City") wishes to acquire the property located at 145 Southwest 71 Avenue, Miami, Florida ("Property"), which is owned by Hightown Realty Group LLC ("Seller"); and WHEREAS, the City plans to construct an affordable housing project on the Property given the City's emergency need of affordable housing that is in the best interest of the City and the community; and WHEREAS, the Seller has agreed to enter into a Purchase and Sale Agreement ("Agreement") with the City to convey the Property for Four Hundred Twenty -Five Thousand Dollars ($425,000.00); 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 Four Hundred Twenty -Five Thousand Dollars ($425,000.00); and WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed Four Hundred Sixty Thousand Dollars ($460,000.00), with funds being allocated from OCI Project No. 40-6213414, District 4 Park and Affordable Housing 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 and incorporated 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 Four Hundred Twenty -Five Thousand Dollars ($425,000.00). Section 3. The City Manager is further authorized' 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 Four Hundred Sixty Thousand Dollars ($460,000.00) from OCI Project No. 40-6213414, District 4 Park and Affordable Housing Land Acquisition. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: ndez, ity Attor ey 1/17/2023 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.