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HomeMy WebLinkAboutR-75-01512 3 4 8 9 co 11DO EL` 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 MEA 1/21 /75 RESOLUTION N0, 757151._.. A RESOLUTION AUTHORIZING AND DIRECTING THE CITY ATTORNEY TO TERMINATE, tY ANC` APPROPRIATE MEANS, THAT PART OF THE CITY OF MIAMI V, PLATO COX, CIVIL ACTION ##74=4125 CONCERNING PARCEL NO. 7091-2, IF SAID TERMINATION CAN BE ACCOMPLISHED BY A TOTAL PAYMENT TO ALL INTERESTED PARTIES, INCLUDINGBUT NOT LIMITED TO OWNERS, MORTGAGEES, ATTORNEYS AND APPRAISERS, OF NOT MORE THAN FIVE HUNDRED THOUSAND ($500,000) DOLLARS; AND AUTHORIZING AND THE DIRECTING HE FINANCE DIRECTOR OF THE CITY OF MIAMI TO ALLOCATE AND PAY THE NECESSARY SUMS FOR �. ,, �..�� SAID PURPOSE N that in the best interests of the City of Miami Parcel No. WHEREAS, the Commission of the City of Miami finds 7091-2 in the City of Miami v. Plato Cox Civil Action No. 74-4125 should be terminated if said termination can be accomplished by a total payment of not more than Five Hundred Thousand ($500,000) Dollars; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Attorney is hereby authorized and directed to terminate, by any appropriate means, that part of the City of Miami v. Plato Cox Civil Action No. 74-4125 concerning Parcel No. 7091-2, if said termination can be accomplished by a total payment to all interested parties, in- cluding but not limited to owners, mortgagees, attorneys and appraisers, of not more than Five Hundred Thousand ($500,000) "DOCUMENT INDEX Dollars. ITEM NO. `4.- Section 2. The Finance Director of the City of Miami is hereby authorized and directed to allocate the sum of Five Hundred Thousand ($500,000) Dollars from the 1972 Park and Recreational Facilities Bond Funds and to pay said sums as necessary and in accordance with the terms of this Resolution. PASSED AND ADOPT3D this 12 day of FEBRUARY 1975, MAUR10E A, FERRE MAYOR 36 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 ATTEST: ei,, HI D SOUTHERN CITY CLERK PREPARED AND APPROVED BY: s•-•Th MICHEL 80 ANDERSON Assistant City Attorney APPROVED AS TO FORM AND LEGALITY: 1) 2 /. HN S. LLOYD OEtTY ATTORNEY 2, I CITY FEB 2 7 1975 RESOLU tOti 7: 1/, 611 Riimmoss: .............. ........ F"(_C`)"i!DA •3%;!.7 s I-1 E iF..!AtJRArJDIIM The Honorable Members of the City Commission John? S. Lloyd ;• o,rhey :__;- / lr 66_ . January 30, 1975 Latin Riverfront Community Park As you know, several of the property owners in the proposed Latin Riverfront Community Park contested the necessity of taking their property. The Circuit Court denied the City's right to take the property. This decision is presently on appeal. The owners of Parcel No. 7091-2, the Ray family, did not contest the necessity of taking and have been negotiating with the City for over a year for the sale of their property to the City. Our present appraisal of Parcel No. 7091-2 is $412,500. Mr. Lovett, the Attorney for the Rays, has advised us that his clients would accept a figure of $500,000 which will include all the property, all attorney fees, appraisers fees, special damages and any other costs of any nature whatsoever. The subject parcel contains 60% of the total waterfront in the proposed Latin Riverfront Community Park. I believe the proposed settlement is reasonable and am, therefore, recommending that the City Commission accept it. JSL/MEA/s