HomeMy WebLinkAboutCRA-R-17-0035 Master Reportr o-
—et ow
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-17-0035
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 2500
Revision: B
File Type: OMNI CRA
Resolution
File Name: Resolution Authorizing the Purchase of Property
Located at 1990 North Miami Avenue
Requesting Dept: OMNI Community Redevelopment Agency
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: OMNI Community
Redevelopment Agency
Introduced: 6/14/2017
Final Action Date: 6/21/2017
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 REYNALDO PADRON & W. MARTA PADRON
("SELLERS") FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 1990 N.
MIAMI AVENUE, MIAMI, FLORIDA ("PROPERTY"), CONTAINING AN APPROXIMATE
TOTAL LOT AREA OF 15,017 SQUARE FEET , 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, PURSUANT TO SECTION 163.370, FLORIDA
STATUTES, AND THE CRA REDEVELOPMENT PLAN; FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ALL NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID
AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, AS MAY BE
NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS FROM
THE PROCEEDS OF THE CRA SERIES 2017 LOAN FORA TOTAL AMOUNT NOT TO
EXCEED FOUR MILLION SIX HUNDRED SIXTY FIVE THOUSAND DOLLARS
($4,665,000.00), 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.
Notes:
Links:
Attachments:
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
Isiaa Jones
Victoria Mendez
6/15/2017
6/15/2017
Chief Legal Officer Review
Approved Form and
Correctness
Completed
Completed
City of Miami Page 1 of 2 Printed on: 8/28/2025
/i•
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
Enactment Number: CRA-R-17-0035
OMNI Community 6/21/2017 Meeting Completed
Redevelopment Agency
OMNI Community 6/21/2017 ADOPTED WITH Passed
Redevelopment Agency MODIFICATION(S)
Barnaby L. Min 7/14/2017 Approved Form and Completed
Correctness with Modification(s)
City of Miami Page 2 of 2 Printed on: 8/28/2025