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HomeMy WebLinkAboutCRA-R-18-0024 Master Reportr o- —et ow Omni CRA OMNI Community Redevelopment Agency Master Report Enactment Number: CRA-R-18-0024 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 http://miamicra.com File Number: 3989 Revision: File Type: OMNI CRA Resolution File Name: Purchase of 2043 North Miami Avenue, 2035 North Miami Avenue and 2037 North Miami Avenue Requesting Dept: OMNI Community Redevelopment Agency Status: ADOPTED Controlling Body: OMNI Community Redevelopment Agency Introduced: 4/10/2018 Final Action Date: 4/18/2018 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 AGREEMET ("AGREEMENT"), IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN THE CRA AND DLFA, INC. FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 2043 NORTH MIAMI AVENUE, 2035 NORTH MIAMI AVENUE, AND 2037 NORTH MIAMI AVENUE, MIAMI, FLORIDA, CONTAINING AN APPROXIMATE TOTAL LOT AREA OF 20,238 SQUARE FEET ("PROPERTY") FOR A TOTAL PURCHASE PRICE NOT TO EXCEED SIX MILLION ONE HUNDRED SIXTY TWO DOLLARS AND TWENTY-FOUR CENTS ($6,000,162.24) 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 ANY AND ALL NECESSARY DOCUMENTS, INCLUDING ANY AMENDMENTS AND MODIFICATIONS TO THE AGREEMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, THAT MAY BE NECESSARY TO EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS FROM THE PROCEEDS OF CRA SERIES 2018 B LOAN IN A TOTAL AMOUNT SUBJECT TO THE NOT TO EXCEED AMOUNT OF SIX MILLION ONE HUNDRED THOUSAND DOLLARS ($6,100,000.00) 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; AUTHORIZING THE GENERAL COUNSEL TO ENGAGE A CLOSING ATTORNEY FOR THE ACQUISITION. Notes: Links: Attachments: History of Legislative File: Revision: Acting Body: Date: Action: Result: Isiaa Jones Barnaby L. Min Barnaby L. Min 4/11/2018 4/13/2018 4/13/2018 Chief Legal Officer Review Deputy City Attorney Review Approved Form and Completed Completed Completed City of Miami Page 1 of 2 Printed on: 8/29/2025 /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-18-0024 Correctness OMNI Community 4/18/2018 Meeting Completed Redevelopment Agency OMNI Community 4/18/2018 ADOPTED Passed Redevelopment Agency City Clerk's Office 4/19/2018 Rendered Completed City of Miami Page 2 of 2 Printed on: 8/29/2025