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Home My WebLink AboutR-25-0490City of Miami Resolution R-25-0490 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 18413 Final Action Date: 11/20/2025 A RESOLUTION OF THE MIAMI CITY COMMISSION, 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 STIRRUP PROPERTIES, INC., A FLORIDA PROFIT CORPORATION ("SELLER"), FOR THE ACQUISITION OF REAL PROPERTY IDENTIFIED AS FOLIO NUMBER(S) 01-4121-007-6190 AND 01-4121-007-6195, LOCATED AT 3501 PLAZA STREET AND 3503 PLAZA STREET, MIAMI, FLORIDA (COLLECTIVELY THE "PROPERTY"), FOR A PURCHASE PRICE OF ONE MILLION ONE HUNDRED THOUSAND DOLLARS ($1,100,000.00); 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 ONE MILLION ONE HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($1,155,000.00) PURSUANT TO SECTION 62-642, AND SECTION 62-401 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 NO. 10095, TO THE PARKS AND OPEN SPACE TRUST FUND NO. 11560; APPROPRIATING AN AMOUNT NOT TO EXCEED ONE MILLION ONE HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($1,155,000.00) FROM THE PARKS AND OPEN SPACE TRUST FUND NO. 11560 TO CAPITAL FUND NO. 34000,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; FURTHER AUTHORIZING AND DIRECTING THE CITY MANAGER TO PREPARE AND SUBMIT ONE OR MORE APPLICATIONS FOR A FUTURE LAND USE MAP AMENDMENT AND REZONING AS NECESSARY TO DESIGNATE TO "PARKS AND RECREATION" ON THE CITY'S ADOPTED FUTURE LAND USE MAP ("FLUM") OF THE MIAMI COMPREHENSIVE NEIGHBORHOOD PLAN ("MCNP") AND "CS" TRANSECT ZONE ON THE CITY'S ADOPTED ZONING ATLAS ("ZONING ATLAS") OF THE MIAMI 21 ZONING CODE (ORDINANCE NO. 13114 OF THE CITY OF MIAMI, FLORIDA, AS AMENDED) ("MIAMI 21 CODE"), UPON THE ACQUISITION BY THE CITY; AND AUTHORIZING THE CITY MANAGER TO MAKE ANY NECESSARY CHANGES TO ADJUST, AMEND, ALLOCATE, AND APPROPRIATE THE BUDGET, AND ANY PART THEREOF, REGARDING CITY OF MIAMI SERVICES AND RESOURCES AS NECESSARY AND LEGALLY ALLOWED; RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS OF THE CITY MANAGER AND DESIGNATED OFFICIALS AND DEPARTMENTS TO UPDATE THE RELEVANT FINANCIAL CONTROLS, City of Miami Page 1 of 4 File ID: 18413 (Revision:) Printed On: 12/8/2025 File ID: 18413 Enactment Number: R-25-0490 PROJECT CLOSE-OUTS, ACCOUNTING ENTRIES, AND COMPUTER SYSTEMS IN CONNECTION THEREWITH AND FOR GRANTS AND OTHER FUNDING SOURCES IN PROGRESS AND FOR NECESSARY RELATED DOCUMENT NEGOTIATIONS AND EXECUTIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY; PROVIDING FOR APPLICABLE EFFECTIVE DATES. SPONSOR(S): Commissioner Damian Pardo WHEREAS, the City of Miami ("City") wishes to acquire real property identified as folio number(s) 01-4121-007-6190 and 01-4121-007-6195, located at 3501 Plaza Street and 3503 Plaza Street, Miami, Florida (collectively, "Property"); and WHEREAS, Stirrup Properties, Inc., a Florida Profit Corporation ("Seller") has agreed to enter into a Purchase and Sale Agreement ("Agreement"), with the City to sell the Property for a purchase price of One Million One Hundred Thousand Dollars ($1,100,000.00) ("Purchase Price"); and 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 62-642 of the City Code of the City of Miami, Florida, as amended, ("City Code") established a trust fund entitled the Public Benefits Trust Fund," in order to collect the cash contributions made according to Ordinance No. 13114, the Zoning Code of the City of Miami, Florida, as amended ("Miami 21 Code"), to supplement affordable/workforce housing, public parks and open space, and green building certification shortfalls; and WHEREAS, Section 62-401 of the City Code established a trust fund entitled the "Parks and Open Space Trust Fund," in order to facilitate compliance of open space requirements to Miami 21 as amended, the zoning ordinance of the City (the "zoning ordinance"), to facilitate the receipt of equitable contributions for mitigation of open space in the city; and WHEREAS, Section 62-642 of the City Code further provides that the City Commission, upon the manager's recommendation, shall annually allocate funds collected; and WHEREAS, Section 62-642(d) of the City Code further indicates that all cash contributions allocated by the City Commission to support public parks and open space shall be deposited in the Parks and Open Space Trust Fund to be expended in accordance with the guidelines outlined therein; and WHEREAS, funding for the acquisition shall not exceed One Million One Hundred Fifty - Five Thousand Dollars ($1,155,000.00) with funds being allocated, appropriated, and awarded from the Parks and Open Space Trust Fund No. 11560 to Capital Fund No. 34000, 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; and City of Miami Page 2 of 4 File ID: 18413 (Revision:) Printed on: 12/8/2025 File ID: 18413 Enactment Number: R-25-0490 WHEREAS, it is necessary to make corresponding adjustments to the Adopted Budget, as amended, and the Adopted Capital Plan, as amended; and WHEREAS, it is also in the best interest of the City to ratify, approve, and confirm certain necessary actions of the City Manager and designated City officials and departments to update the relevant financial controls, project close-outs, accounting entries, and computer systems in connection herewith and for grants and other funding sources in progress, and for necessary related document negotiations and executions, all in forms acceptable to the City Attorney; 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. The City Manager is further authorized) to allocate funds, upon the City Manager's recommendation, in an amount not to exceed One Million One Hundred Fifty -Five Thousand Dollars ($1,155,000.00), from the Public Benefits Trust Fund, Account No. 10095, the Parks and Open Space Trust Fund No.11560. Section 5. Funding for the acquisition shall not exceed One Million One Hundred Fifty - Five Thousand Dollars ($1,155,000.00) with funds being allocated, appropriated, and awarded from the Parks and Open Space Trust Fund No. 11560 to Capital Fund No. 34000,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. Section 6. The City Manager is further authorized' and directed to prepare and submit any and all applications for a future land use map amendment and rezoning as necessary to designate the Property to "Parks and Recreation" on the City's adopted Future Land Use Map. Section 7. The City Commission hereby approves, directs, and authorizes the City Manager to add capital projects to the Adopted Capital Plan, revise current appropriations among approved projects and appropriate funding for the acquisition. Section 8. Certain necessary actions by the City Manager and designated City officials and departments made in order to update the City's relevant financial controls and computer systems for ongoing capital projects, project close-outs, and for grants and other funding sources in progress in connection with the Adopted Capital Plan, the Capital Budget Amendment, and the City's Final Operating Budget, as amended, to implement the Projects in 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions. City of Miami Page 3 of 4 File ID: 18413 (Revision:) Printed on: 12/8/2025 File ID: 18413 Enactment Number: R-25-0490 connection herewith are ratified, approved, and confirmed. Section 9. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: g III, C y for -y 11/10/2025 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 4 of 4 File ID: 18413 (Revision:) Printed on: 12/8/2025