HomeMy WebLinkAboutCRA-R-17-0020 Master Reportr o-
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-17-0020
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 2100
Revision: A
File Type: OMNI CRA
Resolution
File Name: Resolution Authorizing the Purchase of Property
Located at 1367 North Miami Avenue
Requesting Dept: OMNI Community Redevelopment Agency
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 3/31/2017
Final Action Date: 4/19/2017
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A PURCHASE AND SALE
AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO THE GENERAL
COUNSEL, BETWEEN THE CRA AND BIG TIME EQUIPMENT INC. FOR THE
ACQUISITION OF REAL PROPERTY LOCATED AT 1367 N. MIAMI AVENUE, MIAMI,
FLORIDA 33136, CONTAINING AN APPROXIMATE TOTAL ADJUSTED AREA OF
14,820 SQUARE FEET ("PROPERTY"), AS LEGALLY DESCRIBED IN THE
AGREEMENT, FOR A TOTAL PURCHASE PRICE NOT TO EXCEED FOUR MILLION
FIVE HUNDRED THOUSAND DOLLARS ($4,500,000.00), CONTINGENT UPON THE
CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED FLORIDA APPRAISER
STATING THAT THE APPRAISED VALUE OF THE PROPERTY IS AT A MINIMUM THE
REFERENCED AMOUNT HEREIN; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS,
INCLUDING ANY AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, IN A
FORM ACCEPTABLE TO THE GENERAL COUNSEL, THAT MAY BE NECESSARY TO
EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS FROM ACCOUNT TITLED
PURCHASE OF REAL PROPERTY 10040.920501.661000.0000.00000, IN A TOTAL
AMOUNT NOT TO EXCEED FOUR MILLION SIX HUNDRED THIRTY-FIVE
THOUSAND DOLLARS ($4,635,000.00), TO PROVIDE FOR THE COST OF SAID
ACQUISITION, INCLUSIVE OF THE COST OF A SURVEY, ENVIRONMENTAL
REPORT, TITLE INSURANCE, AND RELATED CLOSING COSTS ASSOCIATED WITH
SAID ACQUISITION, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF
THE AGREEMENT; FURTHER AUTHORIZING THE GENERAL COUNSEL TO
ENGAGE SMF LAW AS OUTSIDE COUNSEL FOR THE REPRESENTATION OF THE
CRA ON ALL MATTERS RELATED TO A TITLE COMMITMENT AND POLICY, A
PHASE I ENVIRONMENTAL SITE ASSESSMENT REPORT (AND PHASE II IF
REQUIRED), A SURVEY, AND REPRESENTATION AT CLOSING.
Notes:
Links:
Attachments: 2100 Backup Document (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
City of Miami Page 1 of 2 Printed on: 8/28/2025
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Omni
CIA
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OMNI
Community Redevelopment Agency
Isiaa Jones
Barnaby L. Min
Barnaby L. Min
Master Report
Enactment Number: CRA-R-17-0020
OMNI Community
Redevelopment Agency
OMNI Community
Redevelopment Agency
Barnaby L. Min
Barnaby L. Min
4/10/2017
4/14/2017
4/14/2017
4/19/2017
4/19/2017
4/21/2017
4/21/2017
Chief Legal Officer Review
Deputy Attorney Review
Approved Form and
Correctness
Meeting
ADOPTED WITH
MODIFICATION(S)
Deputy Attorney Review
Approved Form and
Correctness with Modification(s)
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
Completed
Completed
Completed
Completed
Passed
Completed
Completed
City of Miami
Page 2 of 2
Printed on: 8/28/2025