HomeMy WebLinkAboutCRA-R-23-0057 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-23-0057
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 15053
Revision: A
File Type: CRA Resolution
File Name: Purchase of Property at 939 N.W. 5th Avenue,
Miami, Florida, 33136; 720 N.W. 4th Avenue, Miami, Flor
Requesting Dept: Southeast Overtown/Park West CRA
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: Southeast
Overtown/Park West CRA
Introduced: 11/8/2023
Final Action Date: 11/16/2023
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), WITH ATTACHMENT(S), RETROACTIVELY APPROVING AND RATIFYING
THE EXECUTIVE DIRECTOR'S TO EXECUTE THE PURCHASE AND SALE
AGREEMENT ("AGREEMENT") (EXHIBIT "A") ATTACHED AND INCORPORATED
HEREIN, NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING
ANY AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT IN A FORM
ACCEPTABLE TO COUNSEL, BETWEEN THE SEOPW CRA AND FRONTIER FUELS
INC., AS TRUSTEE ("SELLER"), TRS FOR THE ACQUISITION OF THE REAL
PROPERTIES LOCATED 939 N.W. 5TH AVENUE, 720 N.W. 4TH AVENUE AND 440
N.W. 10TH STREET MIAMI, FLORIDA, 33136, CONTAINING AN APPROXIMATE
TOTAL ADJUSTED AREA OF 31,250 SQUARE FEET ("PROPERTY"), AS LEGALLY
DESCRIBED IN THE AGREEMENT FOR A TOTAL PURCHASE PRICE NOT TO
EXCEED TWO MILLION TWO HUNDRED THIRTY THOUSAND DOLLARS AND ZERO
CENTS ($2,230,000.00), CONTINGENT UPON THE SEOPW 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 SEOPW CRA REDEVELOPMENT PLAN; ALLOCATING FUNDS
FROM ACCOUNT TITLED PURCHASE OF REAL PROPERTY, ACCOUNT NUMBER
10050.920101.662000.0000.00000 IN A TOTAL AMOUNT NOT TO EXCEED TWO
MILLION TWO HUNDRED THIRTY THOUSAND DOLLARS AND ZERO CENTS
($2,230,000.00) INCLUSIVE OF SAID ACQUISITION, THE COST OF A SURVEY,
ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING COSTS
ASSOCIATED WITH SAID ACQUISITION; FURTHER AUTHORIZING THE GENERAL
COUNSEL TO ENGAGE WEISS SEROTA, et al, AS OUTSIDE COUNSEL FOR THE
REPRESENTATION OF THE SEOPW CRA ON ALL MATTERS RELATED TO A TITLE
COMMITMENT AND POLICY, PHASE I ENVIRONMENTAL SITE ASSESSMENT
REPORT (AND PHASE II IF REQUIRED), SURVEY, AND REPRESENTATION AT
CLOSING (EXHIBIT "C") INCORPORATED HEREIN, PROVIDING FOR THE
INCORPORATION OF RECITALS AND AN EFFECTIVE DATE.
Notes:
Links:
Attachments: File # 15053 - Exhibit A (PDF)
File # 15053 - Exhibit B (PDF)
File # 15053 - Exhibit C (PDF)
City of Miami Page 1 of 2 Printed on: 9/11/2025
Southeast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-23-0057
History of Legislative File:
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
Revision: Acting Body:
Date:
Action:
Result:
Miguel A Valentin
James McQueen
Vincent T. Brown
Southeast Overtown/Park
West CRA
Southeast Overtown/Park
West CRA
A Vincent T. Brown
A City Clerk's Office
11/8/2023
11/8/2023
11/8/2023
11/16/2023
11/16/2023
1/31/2024
1/31/2024
Finance Review Completed
Department Head Review Completed
Approved to Form and Legal Completed
Sufficiency
Meeting Completed
ADOPTED WITH Passed
MODIFICATION(S)
Approved to Form and Legal Completed
Sufficiency with Modifi
Rendered Completed
City of Miami Page 2 of 2 Printed on: 9/11/2025