HomeMy WebLinkAboutR-25-0429City of Miami
Resolution R-25-0429
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18177 Final Action Date: 10/9/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BYA FOUR -
FIFTHS (4/5THS) 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
WHEREAS, the City of Miami ("City") wishes to acquire 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"), Miami, Florida, as more
particularly described in attached and incorporated Exhibit "A", (collectively "Property"); and
WHEREAS, Lopez Optical, Inc ("Seller") has agreed to enter into a Purchase and Sale
Agreement ("Agreement"), with the City to sell the Property for a purchase price of Five Million
Nine Hundred Thousand Dollars ($5,900,000.00) ("Purchase Price"); and
City of Miami Page 1 of 3 File ID: 18177 (Revision:) Printed On: 10/20/2025
File ID: 18177 Enactment Number: R-25-0429
WHEREAS, pursuant to Section 166.045(b), Florida Statutes, titled "Proposed Purchase
of Real Property by Municipality; Confidentiality of Records; Procedure," for each purchase in an
amount in excess of $500,000.00, the governing body shall obtain at least two (2) appraisals by
appraisers approved pursuant to Section 253.025, Florida Statutes; and
WHEREAS, the City obtained two (2) appraisal reports from licensed State of Florida
certified appraisers; and
WHEREAS, Section 166.045(b), Florida Statutes, further states that if the agreed
purchase price exceeds the average price of the two (2) appraisals, the governing body is
required to approve the purchase by an extraordinary vote (i.e. a four -fifths (4/5ths) vote of the
City Commission); and
WHEREAS, the City's estimated total cost for the acquisition of the Property shall not
exceed Six Million Eighteen Thousand Dollars ($6,018,000.00), 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 Anti -Poverty
Initiative ("API") funds in an amount to not exceed One Million Nine Hundred Ninety Thousand
Five Hundred Sixty -Seven Dollars and Senty-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,
demolition, securing the property, project signage and all related closing costs associated with
said acquisition, in accordance with the terms and conditions of the Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
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 City Manager is authorized' to negotiate and execute the Agreement,
between the City and Seller, in a form acceptable to the City Attorney, for the acquisition of the
Property for the Purchase Price.
Section 3. The City Manager is further authorized' 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.
Section 4. Funding for the acquisition shall not exceed Six Million Eighteen Thousand
Dollars ($6,018,000.00), 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 API funds in an amount to not exceed One Million Nine Hundred
Ninety Thousand Five Hundred Sixty -Seven Dollars and Senty-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,
City of Miami Page 2 of 3 File ID: 18177 (Revision:) Printed on: 10/20/2025
File ID: 18177 Enactment Number: R-25-0429
environmental reports, title insurance, demolition, securing the property, project signage and all
related closing costs associated with said acquisition, in accordance with the terms and
conditions of the Agreement.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
City of Miami Page 3 of 3 File ID: 18177 (Revision:) Printed on: 10/20/2025