HomeMy WebLinkAboutR-25-0080City of Miami
Resolution R-25-0080
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17318 Final Action Date: 3/13/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND AUTHORIZING THE RELEASE OF ANY AND ALL RIGHTS
OF REVERSION AND AUTOMATIC REVERSION IN THE CITY DEED, DATED
AUGUST 1, 2007, RECORDED IN OFFICIAL RECORDS BOOK 26076, PAGES
3191-3198 IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, ISSUED TO
THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT
AGENCY ("OMNI CRA") FOR PROPERTIES LOCATED GENERALLY AT 1441
NORTH MIAMI AVENUE; AUTHORIZING THE CITY MANAGER TO EXECUTE
A RELEASE OF THE REVERSIONARY RIGHTS IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, A DRAFT OF WHICH IS ATTACHED AND
INCORPORATED EXHIBIT "A" AND TO DO ALL THINGS NECESSARY TO
EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, pursuant to Resolution No. 06-0658, adopted on November 9, 2006 by City
Commission of the City of Miami ("City"), the City Commission approved the conveyance of the
properties located at 1401 and 1441 North Miami Avenue, as more particularly described in the
attached and incorporated Exhibit "B" ("Property") to the Omni Redevelopment District
Community Redevelopment Agency ("Omni CRA") for redevelopment purposes; and
WHEREAS, in conveying the property to the Omni CRA, the City imposed numerous
conditions in the Deed, which include but are not limited to the requirement that the CRA obtain
the approval of the City Commission before conveying the Property to a third party; and
WHEREAS, the City Deed dated August 1, 2007, recorded in Book 26076 Pages 3191-
3198 in the official records of Miami -Dade County, contains a specific provision of reversion of
the Property back to the City if the CRA fails to obtain the approval of the City before conveying
the Property to a third party; and
WHEREAS, the City Deed also includes a provision that if the Omni CRA ceases to exist
and there is no legally or validly organized successor to assume the obligations of the Omni
CRA, the Property would automatically revert back to the City; and
WHEREAS, by CRA Resolution No. CRA-R-15-0021, the CRA directed its Executive
Director to negotiate a purchase and sale agreement with 14th Street Development LLC
("Developer") for the sale of a portion of the Property; and
WHEREAS, on June 25, 2015, through Resolution No. R-15-0275, the City Commission
approved the sale of the CRA owned property located at 1441 North Miami Avenue; however,
the City Commission approval did not include a release of the City's right of reversion that is
contained in the City Deed; and
City of Miami Page 1 of 3 File ID: 17318 (Revision: A) Printed On: 8/19/2025
File ID: 17318 Enactment Number: R-25-0080
WHEREAS, by Special Warranty Deed dated February 12, 2016, and recorded in
Official Records Book 29967, Page 3701 of the public records of Miami -Dade County, the Omni
CRA sold a portion of the Property to 14th Street Development LLC for the sum of One Million
Two Hundred Eighty Thousand Dollars ($1,280,000.00); and
WHEREAS, this portion of the Property was conveyed in connection with the
implementation of a project authorized under the Florida Community Redevelopment Act of
1969; and
WHEREAS, in order to release the remaining right of reversion from the Property, the
CRA now requests that the City Commission release the right of reversion from the City Deed;
and
WHEREAS, the Omni CRA and the City believe that it is in the best interest of the City to
release the City's right of reversion in the City Deed to that portion of the Property conveyed to a
third party in order, as more particularly described in the attached and incorporated Exhibit "C",
to facilitate the redevelopment of the Property consistent with the redevelopment plan of the
CRA; and
WHEREAS, the City Commission approves and authorizes the release of the right of
reversion conditions, and all reversionary rights set forth in the City Deed dated August 1, 2007
with respect to the portion of the Property described in Exhibit "C", Folio No. 01-3136-005-1110,
located at 1441 North Miami Avenue, Miami, Florida;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The City Commission approves and authorizes' the release of any and all
rights of reversion and automatic reversion with respect to the portion of the Property with Folio
No. 01-3136-005-1110, located at 1441 North Miami Avenue, Miami, Florida as set forth in the
City Deed, dated August 1, 2007, recorded in Official Records Book 26076, Pages 3191-3198 of
the public records of Miami -Dade County, issued to the Omni Redevelopment District
Community Redevelopment Agency ("Omni CRA") and in the deed recorded in Official Records
Book 29967, Page 3701 of the public records of Miami -Dade County from the Omni CRA to 14th
Street Development LLC, as more particularly described in the attached and incorporated
Exhibit "C".
Section 3. The City Manager is authorized' to execute the release of the City's
reversionary rights in a form acceptable to the City Attorney, a draft of which is attached and
incorporated as Exhibit "A.".
Section 4. The City Manager is further authorized' to do all things necessary to
effectuate this Resolution.
Section 5. This Resolution shall become effective immediately upon its adoption.
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 3 File ID: 17318 (Revision: A) Printed on: 8/19/2025
File ID: 17318 Enactment Number: R-25-0080
APPROVED AS TO FORM AND CORRECTNESS:
Outside Counsel
Outside Counsel 3/13/2025
City of Miami Page 3 of 3 File ID: 17318 (Revision: A) Printed on: 8/19/2025