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Home My WebLink AboutMaster ReportCity of Miami Master Report Enactment Number: R-25-0038 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17211 Revision: A File Type: Resolution Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission File Name: Execute Settlement Agrnmt - Garafia LLC - Introduced: 2/4/2025 Riverfront Property Requesting Dept: Department of Real Estate and Asset Final Action Date: 2/13/2025 Management Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, WITH ATTACHMENT(S), RATIFYING, APPROVING, AND CONFIRMING THE EXECUTED SETTLEMENT AGREEMENT FOR EMINENT DOMAIN CASE NO. 21-027229-CA-01 ( "SETTLEMENT" ) AND THE INCORPORATED PURCHASE AND SALE AGREEMENT ("PURCHASE AGREEMENT"), ATTACHED AND INCORPORATED AS EXHIBIT "A," AUTHORIZED PURSUANT TO RESOLUTION R- 25-0021, ADOPTED ON JANUARY 23, 2025; AUTHORIZING AND APPROVING THE CONDITION PRECEDENT TO THE EFFECTIVENESS OF THE PURCHASE AGREEMENT CONTAINED IN SECTIONS 2 AND 5 OF THE PURCHASE AGREEMENT TO AUTHORIZE AN INCREASE IN COST BY EIGHT HUNDRED AND FORTY-SEVEN THOUSAND DOLLARS ($847,000.00) FOR A REVISED PURCHASE PRICE EQUAL TO NINE MILLION, EIGHT HUNDRED FORTY-SEVEN THOUSAND DOLLARS ($9,847,000.00) ("PURCHASE PRICE") FOR THE ACQUISITION OF REAL PROPERTY IDENTIFIED BY FOLIO NUMBERS 01-4102-006-6450, 01-4102-006-6460, 01-4102-006-6470, 01-4102-006-6480 AND 01-4102-006-6490 LOCATED IN MIAMI, FLORIDA (COLLECTIVELY, "ALTERNATIVE PROPERTY"), FOR A TOTAL AMOUNT NOT TO EXCEED ELEVEN MILLION, SEVEN HUNDRED FORTY THOUSAND DOLLARS ($11,740,000.00) FOR THE SETTLEMENT AND ACQUISITION OF THE ALTERNATIVE PROPERTY FOR AFFORDABLE HOUSING, TO COVER THE COST OF SAID SETTLEMENT AND ACQUISITION, INCLUDING BUT NOT LIMITED TO THE PURCHASE PRICE, BENEFITS -BASED ATTORNEY' S FEES, EXPERT FEES, LITIGATION COSTS, 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 SETTLEMENT AGREEMENT AND PURCHASE AGREEMENT; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO EFFECTUATE THE EXECUTED SETTLEMENT AGREEMENT AND PURCHASE AGREEMENT FOR THE PURPOSES SPECIFIED HEREIN; AMENDING RESOLUTION NO. R-25-0021 TO REVISE THE FUNDING SOURCES FOR THE SETTLEMENT AND PURCHASE AGREEMENT TO PROVIDE THAT FUNDING FOR THE SETTLEMENT AND ACQUISITION OF THE ALTERNATIVE PROPERTY IN AN AMOUNT NOT TO EXCEED ELEVEN MILLION SEVEN HUNDRED FORTY THOUSAND DOLLARS ($11,740,000.00) SHALL BE ALLOCATED FROM THE DISTRICT 3 MIAMI FOREVER BOND AFFORDABLE HOUSING FUND, DISTRICT 3 REAL ESTATE ACQUISITION AND ACCESSIBLE HOUSING GF CAPITAL PROJECT NO. 40-B183416, DISTRICT 3 PARKS, STREETS, AFFORDABLE HOUSING, AND LIGHTING IMPROVEMENTS RESERVE GF CAPITAL PROJECT NO. 40-B40713A, DISTRICT 3 AFFORDABLE HOUSING TRUST FUND ALLOCATION, AND DISTRICT 3 PUBLIC BENEFIT TRUST FUND,SUBJECT TO City of Miami Page 1 of 2 Printed on: 8/12/2025 Notes: City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-25-0038 ALLOCATIONS, APPROPRIATIONS AND BUDGETARY APPROVAL HAVING BEEN PREVIOUSLY MADE OR AS MAY BE SEPARATELY REQUIRED PRIOR TO EXPENDITURE, AND SUBJECT TO COMPLIANCE WITH ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSES; DECLARING THE OFFICIAL INTENT OF THE CITY OF MIAMI TO ISSUE TAXABLE MIAMI FOREVER AFFORDABLE HOUSING BONDS, IN ONE OR MORE SERIES, TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, RULES, AND REGULATIONS REGARDING THE MIAMI FOREVER AFFORDABLE HOUSING BONDS, AND USE A PORTION OF THE MIAMI FOREVER AFFORDABLE HOUSING BONDS IN THE TOTAL AMOUNT OF SIX MILLION, ONE HUNDRED SIXTY-THREE THOUSAND, SIXTEEN DOLLARS ($6,163,016.00) TO REIMBURSE THE CITY FOR FUNDS ADVANCED BY IT FOR EXPENDITURES INCURRED AND TO BE INCURRED FOR THE PURPOSES STATED HEREIN. Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: 17211 Exhibit A (PDF) 17211 Substitution Memo from Department of Real Estate and Asset Management (PDF) 17211 Legislation -SUB (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: A A A A Andrew Frey Pedro Lacret Marie Gouin Larry M. Spring Natasha Colebrook -Williams Legislative Division Jacqueline Lorenzo George K. Wysong III City Commission City Commission City Commission City Commission Legislative Division Jacqueline Lorenzo George K. Wysong III 2/4/2025 2/4/2025 2/4/2025 2/4/2025 2/4/2025 2/4/2025 2/4/2025 2/4/2025 2/13/2025 2/13/2025 2/13/2025 2/13/2025 3/6/2025 3/6/2025 3/6/2025 City Clerk's Office 3/10/2025 Department Head Review Budget Analyst Review Budget Review Assistant City Manager Deputy City Manager Review Legislative Division Review ACA Review Approved Form and Correctness Meeting ADOPTED RECONSIDERED ADOPTED WITH MODIFICATION(S) Legislative Division Review ACA Review Approved Form and Correctness with Modification(s) Rendered Completed Completed Completed Completed Completed Completed Completed Completed Completed Passed Passed Passed Completed Completed Completed Completed City of Miami Page 2 of 2 Printed on: 8/12/2025