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Omni
CRA
OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution:
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 15954 Final Action Date:4/25/2024
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
SHERMAN BULLARD FOR THE ACQUISITION OF REAL PROPERTY LOCATED
AT 1851 NW 1ST COURT, MIAMI, FLORIDA 33136, CONTAINING AN
APPROXIMATE TOTAL LOT AREA OF 7,500 SQUARE FEET ("PROPERTY")
FOR A TOTAL PURCHASE PRICE NOT TO EXCEED ONE MILLION SEVENTY
FIVE THOUSAND DOLLARS ($1,075,000.00) 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
ANY AND 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 NO.
10040.920501.662000.0000.00000 IN A TOTAL AMOUNT NOT TO EXCEED ONE
MILLION ONE HUNDRED EIGHTY-TWO THOUSAND FIVE HUNDRED
DOLLARS ($1,182,500.00) INCLUSIVE OF SAID ACQUISITION, THE COST OF
A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED
CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, ALL IN
ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT;
AUTHORIZING GENERAL COUNSEL TO ENGAGE OUTSIDE COUNSEL FOR
THE PURPOSES OF THE CLOSING.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") wishes to acquire the real property located at 1851 NW 1st Court, Miami, Florida 33136
containing an approximate total lot area of 7,500 square feet ("Property"); and
WHEREAS, the CRA plans to develop the Property for affordable housing to enhance
the quality of life in the surrounding area and address slum and blight as detailed in the CRA's
Redevelopment Plan; and
WHEREAS, the CRA's estimated total cost for the acquisition of the Property will not
exceed One Million One Hundred Eighty -Two Thousand Five Hundred Dollars ($1,182,500.00)
which includes the cost of acquisition, the cost of a survey, environmental report, title insurance,
and related closing costs associated with said acquisition; and
WHEREAS, funds are to be allocated from Account No.
10040.920501.662000.0000.00000;
City of Miami Page 1 of 2 File ID: 15954 (Revision:) Printed On: 9/12/2025
File ID: 15954 Enactment Number:
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director is authorized to execute a Purchase and Sale
Agreement ("Agreement"), in a form acceptable to the General Counsel, between the CRA and
the Seller for the acquisition of the Property for a total purchase price not to exceed One Million
Seventy Thousand Dollars ($1,075,000.00) 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.
Section 3. The Executive Director is further authorized to negotiate and execute any
and all necessary documents, including any amendments and modifications to said Agreement,
in a form acceptable to the General Counsel, as may be necessary to effectuate said
acquisition, with funds allocated from 10040.920501.662000.0000.00000, in a total amount not
to exceed One Million One Hundred Eighty -Two Thousand Five Hundred Dollars
($1,182,500.00), to cover the cost of said acquisition, inclusive of the cost of a survey,
environmental report, title insurance, and related closing costs associated with said acquisition.
Section 4. The General Counsel is authorized to engage outside counsel to assist with
the closing of said transaction.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
John G. , Chief Deputys ity Attorney 4/22/2024
City of Miami Page 2 of 2 File ID: 15954 (Revision:) Printed on: 9/12/2025