HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-25-0429
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18177 File Type: Resolution Status: ADOPTED
Revision: Controlling Body: City Commission
File Name: Execute - Purchase Sale Agrmnt - Lopez Optical Inc Introduced: 9/15/2025
Requesting Dept: Commissioners and Mayor Final Action Date: 10/9/2025
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A
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 LOPEZ OPTICAL, INC., A FLORIDA FOR PROFIT
CORPORATION ("SELLER"), FOR THE ACQUISITION OF REAL PROPERTY
IDENTIFIED AS FOLIO NUMBER(S) 01-4111-013-0510 AND 01-4111-013-0500,
LOCATED AT, 1340 SOUTHWEST 8 STREET AND 825 SOUTHWEST 13 COURT
MIAMI, FLORIDA (COLLECTIVELY "PROPERTY"), FOR A PURCHASE PRICE OF
FIVE MILLION NINE HUNDRED THOUSAND DOLLARS ($5,900,000.00); FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL
NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO
SAID AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY
BE NECESSARY TO EFFECTUATE SAID ACQUISITION; AND, FURTHER
AUTHORIZING THE CITY MANAGER TO ALLOCATE FUNDING FOR THE
ACQUISITION WITH FUNDS BEING ALLOCATED, APPROPRIATED, AND AWARDED
FROM THE DISTRICT 3 MIAMI FOR EVERYONE PROGRAM FUNDS IN AN AMOUNT
NOT TO EXCEED TWO MILLION SEVEN HUNDRED EIGHTY-FOUR THOUSAND
FOUR HUNDRED THIRTY-TWO DOLLARS AND TWENTY-SIX CENTS
($2,784,432.26), FROM THE D3 AFFORDABLE HOUSING/PARKS LAND
ACQUISITION AND PARK ENHANCEMENTS FUNDS IN AN AMOUNT NOT TO
EXCEED ONE MILLION TWO HUNDRED FORTY-THREE THOUSAND DOLLARS
($1,243,000.00), AND FROM THE D3 SHARE OF THE CITY ANTI -POVERTY
INITIATIVE FUNDS ("API") ACCOUNT IN AN AMOUNT NOT TO EXCEED ONE
MILLION NINE HUNDRED NINETY THOUSAND FIVE HUNDRED SIXTY-SEVEN
DOLLARS AND SEVENTY-FOUR CENTS ($1,990,567.74) FOR A COMBINED TOTAL
OF AN AMOUNT NOT TO EXCEED SIX MILLION EIGHTEEN THOUSAND DOLLARS
($6,018,000.00), 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.
Sponsor(s): Commissioner Joe Carollo
Notes:
Links:
Attachments: 18177 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
City of Miami Page 1 of 2 Printed on: 10/20/2025
Andrew Frey
Legislative Division
Raymond Pereira
Donovan Dawson
Marie Gouin
George K. Wysong III
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-25-0429
9/15/2025 DREAM Review Completed
9/15/2025 Legislative Division Review Completed
9/16/2025 ACA Review Completed
9/16/2025 Budget Analyst Review Completed
9/16/2025 Budget Review Completed
9/16/2025 Approved Form and Completed
Correctness
City Commission 9/25/2025 Meeting Completed
City Commission 9/25/2025 DEFERRED Passed
City Commission 10/9/2025 Meeting Completed
City Commission 10/9/2025 ADOPTED Passed
Mayor's Office 10/17/2025 Signed by the Mayor Completed
City Clerk's Office 10/17/2025 Signed and Attested by the City Completed
Clerk
City Clerk's Office 10/17/2025 Rendered Completed
City of Miami Page 2 of 2 Printed on: 10/20/2025