HomeMy WebLinkAboutR-16-0415Vop City of Miami
' Legislation
< U R �O
Resolution: R-16-0415
File Number: 16-01125
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/8/2016
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE
AGREEMENT ("AGREEMENT"), IN SUBSTANTIALLY THE ATTACHED FORM,
BETWEEN THE CITY OF MIAMI ("CITY") AND ASTOR TROLLEY, LLC ("SELLER"),
FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 3722 AND 3724 OAK
AVENUE, 3320 AND 3340 SOUTHWEST 37TH AVENUE, AND 3723 FROW
AVENUE, MIAMI, FLORIDA, ("PROPERTY"), WITH AN APPROXIMATE TOTAL LOT
AREA OF 21,658 SQUARE FEET, AS LEGALLY DESCRIBED IN THE
AGREEMENT, FOR ATOTAL PURCHASE PRICE OF THREE MILLION SIXTY
THOUSAND DOLLARS ($3,060,000.00), CONTINGENT UPON THE CITY
OBTAINING TWO (2) WRITTEN APPRAISALS FROM LICENSED FLORIDA
APPRAISERS STATING THAT THE APPRAISED VALUE OF THE PROPERTY IS AT
A MINIMUM THE REFERENCED AMOUNT HEREIN; AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ALL OTHER DOCUMENTS,
INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO
EFFECTUATE SAID ACQUISITION; ALLOCATING FUNDS FROM A SOURCE TO
BE DETERMINED, IN ATOTAL AMOUNT NOT TO EXCEED THREE MILLION ONE
HUNDRED THIRTY THOUSAND DOLLARS ($3,130,000.00), TO COVER THE
COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF A SURVEY,
ENVIRONMENTAL REPORT, TITLE INSURANCE AND SUCH OTHER RELATED
CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE
WITH THE TERMS AND CONDITIONS OF THE AGREEMENT.
WHEREAS, pursuant to Resolution R-16-0284, adopted on June 9, 2016, the City
Commission authorized the City Manager to negotiate a Purchase and Sale Agreement ("Agreement")
with Astor Trolley, LLC ("Seller") for the acquisition of the property located at 3722 and 3724 Oak
Avenue, 3320 and 3340 Southwest 37th Avenue, and 3723 Frow Avenue, Miami, Florida ("Property"),
with an approximate total lot area of 21,658 square feet, as legally described in the Agreement, in
substantially the attached form and incorporated as Exhibit "A"; and
WHEREAS, the City Commission finds that the Property would best serve the residents of the
City of Miami ("City") as a Community Center; and
WHEREAS, Seller agrees to enter into the Agreement to sell the Property to the City for Three
Million Sixty Thousand Dollars ($3,060,000.00); and
WHEREAS, the Agreement is contingent upon the City obtaining two (2) written appraisals
from licensed Florida appraisers stating that the appraised value is at a minimum the referenced
amount of Three Million Sixty Thousand Dollars ($3,060,000.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not exceed
City of Miand Page 1 of 2 File Id. 16-01125 (Version: 1) Printed On: 5/24/2018
File Number: 16-01125 Enactment Number: R-16-0415
Three Million One Hundred Thirty Thousand Dollars ($3,130,000.00), to be allocated from a source of
funds to be determined;
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 {1} to execute an Agreement, in substantially the
attached form, between the City and the Seller, for the acquisition of the Property, with an
approximate total lot area of 21,658 square feet, as legally described in the Agreement, for a total
purchase price of Three Million Sixty Thousand Dollars ($3,060,000.00), contingent upon the City
obtaining two (2) written appraisals from licensed Florida appraisers stating that the appraised value
of the Property is at a minimum the referenced amount herein.
Section 3. The City Manager is further authorized to negotiate and execute all other
documents, including amendments and modifications to said Agreement, in a form acceptable to the
City Attorney, as may be necessary to effectuate said acquisition, with funds allocated from a source
to be determined, in a total amount not to exceed Three Million One Hundred Thirty Thousand Dollars
($3,130,000.00), to cover the cost of said acquisition, inclusive of the cost of a survey, environmental
report, title insurance and such other related closing costs associated with said acquisition, in
accordance with the terms and conditions of the Agreement.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor. {2}
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter
and Code provisions.
{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 2 of 2 File Id. 16-01125 (Version: 1) Printed On: 5/24/2018