HomeMy WebLinkAboutR-77-0642et
7/2.0/77
RESOLUTION NO. 77-642
A RESOLUTION AUTHORIZING THE CITY MANAGER TO PURCHASE AN
EIGHT (8) STORY BUILDING CONSISTING OF NINETY-EIGHT (98)
ROOMS PLUS A LOBBY AND RESTAURANT ON THE FIRST FLOOR,
KNOWN AS THE PATRICIA HOTEL, LOCATED AT 312 SOUTHEAST
SECOND AVENUE, MIAMI, FLORIDA, FOR THE SUM OF FIVE HUNDRED
SIXTY SEVEN THOUSAND FIVE HUNDRED ($567,500.00) DOLLARS,
AND ALLOCATING FIVE HUNDRED SEVENTY FIVE THOUSAND ($575,000.00)
DOLLARS FROM THE CONVENTION CENTER BOND FUNDS TO COVER THE
COST OF ACQUISITION OF FEE SIMPLE TITLE TO THIS PROPERTY AND
OTHER COSTS INCIDENTAL TO THE ACQUISITION.
WHEREAS, the property at 312 Southeast Second Avenue
contiguous to the Convention Center Complex, is proposed to be acquired
the further development of the Convention Center Complex; and
WHEREAS, the Convention Center Committee is recommending the acquisi-
tion of this property for the further development of the Convention Center
omplex; and
WHEREAS, this property is located immediately North of a five thousand
'(5,000) square feet vacant piece of property that is proposed to be acquired
from the Magnuson Investments, Inc.; and
WHEREAS, the acquisition of this parcel would be of great advantage
to the City of Miami, Florida, in that it would enable the City of Miami, Florida
to have total ownership of the land lying South of the Expressway to the Riverfront
from Brickell Avenue West to the Y W C A for the Convention Center Complex; and
WHEREAS, the necessary monies for said acquisition are available
from the Convention Center Bond Funds; and
WHEREAS, this proposed acquisition is in accordance with the Land
Acquisition Policies as determined in HUD Handbook 1320.1, Real Property
"DUCUTti"itiyi
Acquisitions; and
ITEM N0.
WHEREAS, the owner of the property has, by verbal agreement, offered
Miami, Florida
o convey fee simple title to this property to the City of Miami, Florida,
for the negotiated price of Five Hundred Sixty Seven Thousand Five Hundred
($567,500.00) Dollars, which is the appraisal value of Five Hundred Forty Thousand
CITY COMMISSION `l
MEETING OF
JUL 2 31r,77
77-64w
AESOUSTION NO......:..
et
7/2.0/77
4 y.,060,00y Dollars, plats the bonus allowable as outlined i
1O, 77$73; and
WHEREAS, it is deemed to the best interests of the City -of
AO
l'ILaffli, Florida to acquire this property at this time;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF T1 CITY
b MIAMI, FLORIDA:
Section 1e The City Manager be and he is hereby authorized
and directed to purchase the property known as the Patricia Hotel, loc`ded
at 312 Southeast Second Avenue, Miami, Florida, and legally described as
Lot 35 of the Amended Plat of a
Part of Ft. Dallas Park, according
to the Plat thereof as recorded in
plat Book 4 Page 85 of the Public
Records of Dade County, Florida
or the further development of the Convention Center Complex for the sum of
Five Hundred Sixty Seven Thousand Five Hundred ($567,500.00) Dollars.
Section 2. The amount of Five Hundred Seventy Five Thousand
($575,000.00) Dollars be and it is hereby allocated from the Convention Center
Bond Funds to cover the cost of acquisition of fee simple title to this
property and other costs incidental to this acquisition.
PASSED AND ADOPTED THIS 23TH day of JULY
PREPARED AND APPROVED BY:
y
MICHELIt E CiANDERSON Attorney
ApUOVED AS TO FORM & CORRECTNESS:
EORCE F KNOX, JR. ESQ.
CITY ATTS'NEY
MAURICE A. FERRE
MAYO R
, 1977e
77-(4n
81
Joseph lt. Gtassia
City Manager
lit t.1__...-_
J Mes E. Gunderson
`Director of Finance
tt i 203 1977
Acquisition of Land
Patticia Hotel
Copy of Resolution
f..
Iv Motion No. 76-1054, the City Manager was authorized to appraise and negoti-
ate a price on a piece of property known as the Magnuson Property. At this
time, the property lying immediately North and contiguous to the Magnuson
Property was discussed by the Convention Center Committee, and it was suggested
that this portion would be a needed addition to the total complex.
Therefore the appraisers were asked to include in their appraisal reports their
expert opinion as to the value of the Patricia Rotel.
The pertinent facts regarding this property are as follows:
Appraisers
F. Robert Quinlivan Co.
Slack, Slack & Roe
Appraised Value of Property
F. Robert Quinlivan Company .•'•'•:••••$ 520,000. 0
40,000.00
Slack, Slack & Roe
Property Location
Cost
$ 1,500.00
$ 1,750.00
312 Southeast Second Avenue, Miami, Florida
Owner
Patricia Hotel of Florida, Inc.:
Lot Size
4,750 sq. ft. M/L
50 Ft. frontage on Southeast Second`Avenu;
95' Depth Westerly
Zoning
C 3
Page 1 of 2.
MEE
Joseph Re Gtassie
City Manager
Junes E. Gunderson
CDirector of Finance
July 20, 1917
Acquisition of Band
Patricia Hotel
- Copy of Resolution
By motion No. 76-1054, the City Manager was authorized to appraise and negoti-
ate a price on a piece of property known as the Magnuson Property. At this
time, the property lying immediately North and contiguous to the Magnuson
Property was discussed by the Convention Center Committee, and it was suggested
that this portion would be a needed addition to the total complex.
Therefore the appraisers were asked to include in their appraisal reports their
expert opinion as to the value of the Patricia Hotel.
The pertinent facts regarding this property are as follows:
Cost
Appraisers
F. Robert Quinlivan Co.
Slack, Slack & Roe
Appraised Value of Property
F. Robert Quinlivan Company
Slack, Slack & Roe
Propertv Location
312 Southeast Second Avenue, Miami, Florida
Owner
Patricia Hotel of Florida, Inc.,
$ 1,500.00
$ 1,750.00
Lot Size
4,750 sq. ft. M/L
50 Ft. frontage on Southeast Second
95' Depth Westerly
Zoning
C3
$ 540,000.00
$ 520,000.00
Page 1 of 2.
July 201 1977
Joseph R. GtassieCity ltahaget
Memorandum = continued
Page 2 of 2.
Legal Description
Lot 35 of the Amended Plat of a Part of
Ft. Dallas Park According to the Plat thereof
as Recorded in Plat Book 4 Page 85 of the
Public Records of Dade County, Florida
Improvements
Eight (8) story Building containing
98 Hotel Rooms and 98 Bathrooms
First Floor containing a Lobby, Restaurant and Barg
One (1) Elevator
The Hotel was constructed in 1928.
After appraisals were received, a series of meeting were held with the
otters of the Patricia hotel. They have indicated that they would be willing
to sell to the City of Miami, Florida, for the price of Five Hundred Sixty
Seven Thousand Five hundred ($567,500,00) Dollars, which is the appraised
value of Five hundred Forty Thousand ($540,000.00) Dollars, plus the bonus
of ten and five, as authorized by Resolution No. 77-73.
It is recontnended that the City :!ana_;er be instructed by the City Commission
to proceed with the acquisition of this property at the price of Five Hundred
Sixty Seven Thousand Five Hundred ("$567,500.00) Dollars. This parcel is a
needed adjunct to the total Convention Center Complex.
As Federal funds may be involved, this negotiation process was transacted in
accordance to the Land Acquisition Policies as determined in HUD Handbook
1320.1, Real Property Acquisitions.
JEG:DRS:et
attachment:
as stated
cc: Mr. George F. Knox, Jr., Esq.,
City Attorney
Mr. Carlos Garcia
Assistant Finance Director
Accounting Division
Mr. Jim Connolly
Convention Center Coordinator