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Home My WebLink AboutMaster ReportCity of Miami Master Report Enactment Number: R-25-0224 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17742 Revision: B File Type: Resolution File Name: Purchase and Sale Agreement - Auyantepuy Investments, LLC Requesting Dept: Commissioners and Mayor Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission Introduced: 6/10/2025 Final Action Date: 6/17/2025 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BYA FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY") AND AUYANTEPUY INVESTMENTS, LLC, A FLORIDA LIMITED LIABILITY COMPANY ("SELLER"), FOR THE ACQUISITION OF REAL PROPERTY IDENTIFIED AS FOLIO NUMBER(S) 01-4138-003-2280, 01-4138-003- 2270, 01-4138-003-2260, 01-4138-003-2250, 01-4138-003-2240 AND 01-4138-003- 2150, LOCATED AT 901 SOUTHWEST 8TH STREET, 925 SOUTHWEST 8TH STREET, 939 SOUTHWEST 8TH STREET, 955 SOUTHWEST 8TH STREET, 965 SOUTHWEST 8TH STREET AND 922 SOUTHWEST 7TH STREET, MIAMI, FLORIDA (COLLECTIVELY "PROPERTY"), FORA PURCHASE PRICE OF FOURTEEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($14,500,000.00); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AN ASSIGNMENT AND ASSUMPTION AGREEMENT ("ASSIGNMENT"), IN A FORM ACCEPTABLE TO THE CITYATTORNEY, OF THAT CERTAIN LEASE AGREEMENT ("LEASE") DATED DECEMBER 1, 2022, BETWEEN SELLER AND SELLER'S EXISTING TENANT, SANPOCHO RESTAURANT INC., A FLORIDA FOR PROFIT CORPORATION ("TENANT"), RESIDING ON A PORTION OF THE PROPERTY LOCATED AT 901 SOUTHWEST 8TH STREET AND 925 SOUTHWEST 8TH STREET ("LEASED PREMISES"); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, ASSIGNMENT AND LEASE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO EFFECTUATE SAID ACQUISITION; AND, FURTHER AUTHORIZING THE CITY MANAGER TO ALLOCATE ELEVEN MILLION NINETY SIX THOUSAND THREE HUNDRED SEVENTY ONE DOLLARS ($11,096,371.00) PURSUANT TO SECTION 62-642 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), UPON THE CITY MANAGER'S RECOMMENDATION, FROM THE PUBLIC BENEFITS TRUST FUND, ACCOUNT NO. 10095, TO THE AFFORDABLE HOUSING TRUST FUND, ACCOUNT NO. 14008.910101.4810000.0000.00000; APPROPRIATING IN AN AMOUNT NOT TO EXCEED ELEVEN MILLION NINETY SIX THOUSAND THREE HUNDRED SEVENTY ONE DOLLARS ($11,096,371.00) FROM THE AFFORDABLE HOUSING TRUST FUND TO BE USED FOR THE ACQUISITION OF THE PROPERTY; FUNDING FOR THE ACQUISITION SHALL NOT EXCEED FOURTEEN MILLION SEVEN HUNDRED NINETY THOUSAND DOLLARS ($14,790,000.00) WITH FUNDS BEING ALLOCATED, APPROPRIATED, AND AWARDED FROM DISTRICT 3 MIAMI FOR EVERYONE PROGRAM FUNDS TRUST FUND IN AN AMOUNT NOT TO EXCEED ONE MILLION THREE HUNDRED SEVENTEEN THOUSAND SEVENTY DOLLARS ($1,317,070.00), FROM THE AFFORDABLE HOUSING TRUST FUND IN AN AMOUNT NOT TO EXCEED ELEVEN MILLION NINETY SIX THOUSAND THREE HUNDRED SEVENTY ONE DOLLARS ($11,096,371.00), AND FROM COMMUNITY DEVELOPMENT BLOCK City of Miami Page 1 of 3 Printed on: 8/26/2025 Sponsor(s): Notes: City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-25-0224 GRANT ("CDBG") FUNDS IN AN AMOUNT NOT TO EXCEED TWO MILLION THREE HUNDRED SEVENTY SIX THOUSAND FIVE HUNDRED FIFTY NINE DOLLARS ($2,376,559.00) FOR A COMBINED TOTAL AMOUNT NOT TO EXCEED FOURTEEN MILLION SEVEN HUNDRED NINETY THOUSAND DOLLARS ($14,790,000.00), TO COVER THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF SURVEYS, ENVIRONMENTAL REPORTS, TITLE INSURANCE, SECURING THE PROPERTY, PROJECT SIGNAGE AND ALL RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT; AUTHORIZING THE CITY MANAGER TO MAKE ANY CHANGES TO ADJUST, AMEND, AND APPROPRIATE THE CITY'S OPERATING BUDGET, FIVE-YEAR FINANCIAL PLAN, STRATEGIC PLAN, AND MULTI -YEAR CAPITAL PLAN, AS NECESSARY AND APPLICABLE, PURSUANT TO THE PROVISIONS OF THIS RESOLUTION; AUTHORIZING, RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND THE DESIGNATED CITY DEPARTMENTS TO UPDATE THE RELEVANT FINANCIAL CONTROLS, PROJECT CLOSE-OUTS, ACCOUNTING ENTRIES, AND COMPUTER SYSTEMS IN CONNECTION HEREWITH. Commissioner Joe Carollo Revision B has the Scrivener's amendment by law department and per legal opinion, it may be certified instead of Revision A. Links: Attachments: 17742 Exhibit A - OBSOLETE (PDF) 17742 Exhibit B - SUB (PDF) 17742 Backup - Prelegislation (PDF) 17742 Substitution Memo from City Attorney (PDF) 17742 Legislation -SUB 2025-06-17 (PDF) 17742 Scrivener's Error Memo (PDF) 17742 Legislation -SUB (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: A A A A A A A A A Andrew Frey Legislative Division Leon P Michel City Commission City Commission City Commission City Commission Legislative Division Amber Ketterer George K. Wysong III George K. Wysong III Mayor's Office City Clerk's Office City Clerk's Office Legislative Division Amber Ketterer 6/10/2025 6/10/2025 6/10/2025 6/12/2025 6/12/2025 6/17/2025 6/17/2025 6/20/2025 6/20/2025 6/20/2025 6/25/2025 6/25/2025 6/25/2025 6/25/2025 8/19/2025 8/19/2025 Department Head Review Legislative Division Review Budget Review Meeting MEETING CANCELLED Meeting ADOPTED WITH MODIFICATION(S) Legislative Division Review ACA Review Approved Form and Correctness Approved Form and Correctness with Modification(s) Signed by the Mayor Signed and Attested by the City Clerk Rendered Legislative Division Review ACA Review Completed Completed Completed Completed Passed Completed Passed Completed Completed Completed Completed Completed Completed Completed Completed Completed City of Miami Page 2 of 3 Printed on: 8/26/2025 City of Miami Master Report Enactment Number: R-25-0224 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com A George K. Wysong III 8/22/2025 Approved Form and Completed Correctness with Modification(s) City of Miami Page 3 of 3 Printed on: 8/26/2025