HomeMy WebLinkAboutBack-Up DocumentsDocusign Envelope ID: 655F0F9E-B6C2-449E-964A-08E899D5C466
CITY OF MIAMI
January 9, 2026
ARTHUR NORIEGA V.
City Manager
EMAIL: luis@gravityrealestate.com
Property Owner ("Seller")
c/o Luis Cardona
Gravity Real Estate
1390 S. Dixie Hwy
Coral Gables, FL 33146
RE: 2840 NW 4 ST, Miami, FL (Folio No.: 01-4104-011-0800), (the "Property").
Dear Mr. Cardona:
The City of Miami ("City" and/or "Purchaser") is interested in acquiring the property located at the above referenced address.
Thus, the City kindly requests that you provide written confirmation of your willingness to accept an offer at $615,000.00
subject to the following conditions:
1. City will obtain, at City's expense, a Phase I Environmental Site Assessment (and/or a Phase II Environmental
Assessment if deemed necessary);
2. Seller shall clear all title issues prior to closing, except for any pending City liens and City violations. Purchaser may,
but shall not be obligated to assume any pending City liens and City violations on the Property;
3. Seller shall vacate any and all tenants at Seller's sole cost and expense prior to closing;
4. The transaction shall be a cash purchase with no financing conditions;
5. Purchase shall be subject to City Commission approval, and to a ten (10) day Mayoral veto period after the City
Commission resolution enactment date ("City Approval");
6. The Seller shall cease negotiating with any third parties with respect to the sale of the Property from the date hereof
until fifteen (15) days after City Approval to allow the parties' time to negotiate and execute a formal Purchase and
Sale Agreement for the Property; if the Purchase and Sale Agreement is not executed by March 6, 2026 or as such
date as may be extended by mutual written agreement of Seller and Purchaser, then this Letter of Intent shall terminate.
This letter constitutes the City's willingness to proceed and to negotiate a mutually acceptable formal Purchase & Sale
Agreement. It is understood that no legal rights or obligations shall arise by virtue of this Letter of Intent except for item
number six (6) above ("Item No. 6"), and neither party shall be bound by the terms hereof excluding Item No. 6, unless and
until the execution and delivery of a formal, written Purchase & Sale Agreement for the Property has been mutually executed
and delivered by duly authorized representatives of both parties. If Item No. 6 is breached, Seller shall reimburse City for any
appraisal(s) costs and any other costs incurred concerning the Property.
If the Seller is interested in selling the Property per the conditions stated herein, please have the Seller sign below and email
the signed Letter of Intent to dlozano@miamigov.com. If you have any questions or concerns, please contact me via email or
at (305) 416-1469. signed by:
Sincerely, By C 4(S C
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CDocuSigned by:
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Hans aic e , eal Estate Manager
Name:Carins ChavP7
Date:1/12/2026 18:49 AM PST ("Effective Date")
DEPARTMENT OF REAL ESTATE AND ASSET MANAGEMENT
14 N.E. 1st Avenue, 2nd Floor, Miami, Florida 33132