HomeMy WebLinkAboutR-24-0404City of Miami
Resolution R-24-0404
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16724 Final Action Date: 10/15/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR -FIFTHS
(4/5THS) AFFIRMATIVE VOTE, AUTHORIZING THE CITY MANAGER TO
NEGOTIATE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF
MIAMI ("CITY") AND SOFLO INVESTMENTS, LLC, A FLORIDA LIMITED
LIABILITY COMPANY ("SELLER"), FOR THE ACQUISITION OF REAL
PROPERTY LOCATED AT 50 SOUTHWEST 68 AVENUE, MIAMI, FLORIDA,
FOLIO NUMBER 01-4002-002-1000 ("PROPERTY"), FORA PURCHASE
PRICE OF THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000.00);
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; ALLOCATING FUNDS FROM OFFICE OF CAPITAL
IMPROVEMENTS ("OCI") PROJECT NO. 40-B213414A, DISTRICT 4
AFFORDABLE HOUSING LAND ACQUISITION, IN AN AMOUNT NOT TO
EXCEED THREE HUNDRED EIGHTY-SEVEN THOUSAND DOLLARS
($387,000.00), TO COVER THE COST OF SAID ACQUISITION, INCLUSIVE OF
THE COST OF SURVEYS, ENVIRONMENTAL REPORTS, TITLE INSURANCE,
DEMOLITION, SECURING THE PROPERTY, PROJECT SIGNAGE AND ALL
RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, IN
ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT.
SPONSOR(S): Commissioner Manolo Reyes
WHEREAS, the City of Miami ("City") wishes to acquire the property located at 50
Southwest 68 Avenue, Miami, Florida, Folio Number 01-4002-002-1000 ("Property"); and
WHEREAS, the City plans to construct an affordable housing project on the Property to
ameliorate the City's emergency need for affordable housing, which is in the best interest of the
City and the community; and
WHEREAS, Soflo Investments, LLC, a Florida Limited Liability Company ("Seller"), has
agreed to enter into a Purchase and Sale Agreement ("Agreement") with the City to convey the
Property for Three Hundred Fifty Thousand Dollars ($350,000.00); and
WHEREAS, the City obtained an appraisal from state -certified appraiser pursuant to
Section 166.045(b), Florida Statutes, titled "Proposed Purchase of Real Property by
Municipality; Confidentiality of Records; Procedure"; and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Three Hundred Eighty -Seven Thousand Dollars ($387,000.00), with funds being
City of Miami Page 1 of 2 File ID: 16724 (Revision:) Printed On: 8/7/2025
File ID: 16724 Enactment Number: R-24-0404
allocated from Office of Capital Improvements ("OCI") Project No. 40-B213414A, District 4
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 by reference thereto and incorporated herein as if fully set forth in this Section.
Section 2. The City Manager is authorized' to negotiate and execute an Agreement,
between the City and Seller, for the acquisition of the Property for a purchase price of Three
Hundred Fifty Thousand Dollars ($350,000.00).
Section 3. The City Manager is further authorized' 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.
Section 4. Funding for the acquisition is to be allocated in an amount not to exceed
Three Hundred Eighty -Seven Thousand Dollars ($387,000.00) from OCI Project No. 40-
B213414A, District 4 Affordable Housing Land Acquisition.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
rge = . Wyk, ng III, C ty ttor -y 9/30/2024
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: 16724 (Revision:) Printed on: 8/7/2025