HomeMy WebLinkAboutSummary Formt; °t ` AGENDA ITEM SUMMARY. FORM
Law Department
Matter ID No.
FILE ID: 16-00136,
16-67
Date: 1/29/2016 Requesting Department: Dept. of Real Estate & Asset Mngt,
Commission Meeting Date: 03/24/2016 District Impacted: 4
t
Type: Z Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Purchase and Sale Agreement for the acquisition of real property located at 601 SW 63rd Court,
Miami, Florida.
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s), authorizing the City Manager to
execute a Purchase and Sale Agreement ("Agreement"), for the acquisition of the property located at
601 SW 63rd Court, Miami, Florida, ("Property"), containing an approximate total lot area of 8,738
square feet, between the City of Miami ("Purchaser") and Kesler Dalmacy and Yveline Dalmacy
("Sellers"), attached hereto and made a part hereof, for a total purchase price of Two Hundred Ninety
Five Thousand Nine Hundred Ninety Nine Dollars ($295,999.00); authorizing the City Manager to
execute all necessary documents, in a form acceptable to the City Attorney, which are necessary to
effectuate said acquisition. Funds are allocated from the D4 Park Land Acquisition CIP Project No.
40-1350568 in the total amount not to exceed Three Hundred Six Thousand Five Hundred Dollars
($306,500.00), to cover the cost of said acquisition inclusive of the cost of survey, environmental report,
title insurance and related closing costs associated with said acquisition, in accordance with the terms
and conditions of the Agreement, which terms may be amended by the City Manager and approved by
the City Attorney, as may be necessary in order to meet the best interest of the City of Miami.
Background Information:
See Supplemental Page
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No.-
Special
o:Special Revenue Account No:
CIP Project No: 40-850568 (D4 Park Land Acquisition)
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $306,500.00
CIP N/A Budget
If using or receivin e�pital fiords
Grants N/X , r ; q Risk Magemen
Purchasing N/A . ' Dept. Director
Assistant City Manager City Manager
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SUPPLEMENTAL PAGE
Subject: Purchase and Sale Agreement for the acquisition of real property located at 601 SW 63rd Court}
Miami, Florida.
Background Information:
The City of Miami ("Purchaser") wishes to acquire the property located at 601 SW 63rd Court, Miami,
Florida ("Property"). The Purchaser plans to construct a park at the Property to enhance the quality of,
life in the surrounding area. Kesler Dalmacy and Yveline Dalmacy ("Sellers") agrees to enter into a'
Purchase and Sale Agreement ("Agreement"), to convey the Property to the Purchaser for Two Hundred',
Ninety Five Thousand Nine Hundred Ninety Nine Dollars ($295,999.00). The Agreement is contingent'.
upon obtaining an appraisal stating that the appraised value is at least Two Hundred Ninety Five
Thousand Nine Hundred Ninety Nine Dollars ($295,999.00). The total cost for the acquisition of the
Property will not exceed Three Hundred Six Thousand Five Hundred Dollars ($306,500.00), to be'.
allocated from CIP Project No. 40-1350568 D4 Park Land Acquisition.
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