HomeMy WebLinkAboutAgenda Item Summary Form",A1' UF..4y
AGENDA ITEM SUMMARY FORM
File ID: #1664
Date: 01/19/2017 Requesting Department: Department of Real
Estate and Asset Management
Commission Meeting Date: 02/23/2017 Sponsored By:
District Impacted: District 4
Type: Resolution
Subject: Purchase & Sale - Ramos Realty Mngmnt
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"), in substantially the
attached form, between the City of Miami ("Purchaser") and Ramos Realty Management
LLC ("Seller"), for the acquisition of real property located at 2300 SW 22nd Terrace,
Miami, Florida, ("Property"), containing an approximate total lot area of 8,400 square
feet, as legally described in the Agreement, attached and incorporated, for a total
purchase price of Four Hundred Thousand Dollars ($400,000.00), contingent upon the
City obtaining a written appraisal from a licensed Florida appraiser 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 necessary 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 the D4 Park Land Acquisition Project No. 40-1350568, in a total amount not to
exceed Four Hundred Twelve Thousand Dollars ($412,000.00), 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.
Background of Item:
The City of Miami ("Purchaser") wishes to acquire the property located at 2300 SW
22nd Terrace, Miami, Florida ("Property"). The Purchaser plans to construct a park at
the Property to enhance the quality of life in the surrounding area. Ramos Realty
Management LLC ("Seller") agrees to enter into a Purchase and Sale Agreement
("Agreement"), to convey the Property to the Purchaser for Four Hundred Thousand
Dollars ($400,000.00). The Agreement is contingent upon obtaining an appraisal
stating that the appraised value is at least Four Hundred Thousand Dollars
($400,000.00). The Purchaser's estimated total cost for the acquisition of the Property
will not exceed Four Hundred Twelve Thousand Dollars ($412,000.00), to be allocated
from CIP Project No. 40-1350568 D4 Park Land Acquisition.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Item is an Expenditure
Total Fiscal Impact:
$412,000.00
CIP Project No: 40-1350568 (D4 Park Land Acquisition)
Reviewed By
Real Estate and Asset Management Mark Burns
Office of Management and Budget
Everton Garvis
Office of Management and Budget
Christopher M Rose
City Manager's Office
Alberto N. Parjus
City Manager's Office
Daniel J. Alfonso
Legislative Division
Marta Gomez
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
City Commission
Nicole Ewan
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Department Head Review
Completed
Budget Analyst Review
Completed
Budget Review
Completed
Assistant City Manager Review
Completed
City Manager Review
Completed
Legislative Division Review
Completed
Deputy City Attorney Review
Completed
Approved Form and Correctness
Completed
Meeting
Completed
Signed by the Mayor
Completed
Signed and Attested by the City Clerk
Completed
01/19/2017 3:00 PM
01/19/2017 4:38 PM
01/25/2017 4:18 PM
01/26/2017 9:38 AM
01/26/2017 4:41 PM
02/13/2017 12:28 PM
02/13/2017 4:37 PM
02/13/2017 7:58 PM
02/23/2017 9:00 AM
03/01/2017 3:06 PM
03/01/2017 3:27 PM
-,IV ov .
City of Miami
IIS°°1 il°4I° .
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Legislation
Resolution
Enactment Number: R-17-0085
File Number: 1664
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:2/23/2017
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 RAMOS REALTY MANAGEMENT, LLC
("SELLER"), FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 2300
SOUTHWEST 22ND TERRACE, MIAMI, FLORIDA, CONTAINING AN APPROXIMATE
TOTAL LOT AREA OF 8,400 SQUARE FEET ("PROPERTY"), AS LEGALLY
DESCRIBED IN THE AGREEMENT, ATTACHED AND INCORPORATED, FOR A
TOTAL PURCHASE PRICE OF FOUR HUNDRED THOUSAND DOLLARS
($400,000.00), CONTINGENT UPON THE CITY OBTAINING A WRITTEN APPRAISAL
FROM A LICENSED FLORIDA APPRAISER STATING THAT THE APPRAISED
VALUE OF THE PROPERTY IS AT A MINIMUM THE REFERENCED AMOUNT
HEREIN; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE ALL NECESSARY 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 CAPITAL IMPROVEMENT PROJECT NO. B50568, D4
PARK LAND ACQUISITION, IN A TOTAL AMOUNT NOT TO EXCEED FOUR
HUNDRED TWELVE THOUSAND DOLLARS ($412,000.00), TO PROVIDE FOR THE
COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF A SURVEY,
ENVIRONMENTAL REPORT, TITLE INSURANCE AND RELATED CLOSING COSTS
ASSOCIATED WITH SAID ACQUISITION, IN ACCORDANCE WITH THE TERMS AND
CONDITIONS OF THE AGREEMENT.
WHEREAS, the City of Miami ("City") wishes to acquire the real property located at 2300
Southwest 22nd Terrace, Miami, Florida, containing an approximate total lot area of 8,400
square feet ("Property"), as legally described in the Purchase and Sale Agreement
("Agreement"), in substantially the attached form; and
WHEREAS, the City plans to construct a park at the Property to enhance the quality of
life in the surrounding area; and
WHEREAS, Ramos Realty Management, LLC ("Seller") agrees to enter into a
Agreement to convey the Property to the City for Four Hundred Thousand Dollars
($400,000.00); and
WHEREAS, the Agreement is contingent upon obtaining an appraisal stating that the
appraised value of the Property is at least Four Hundred Thousand Dollars ($400,000.00); and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Four Hundred Twelve Thousand Dollars ($412,000.00), to be allocated from Capital
Improvements Project No. B50568, District 4 Park Land Acquisition inclusive of the cost of a
survey, environmental report, title insurance and related closing costs associated with said
acquisition;
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' to execute a Purchase and Sale Agreement
("Agreement"), in substantially the attached form, between the City and Seller, for the
acquisition of Property, as legally described in the Agreement, for a total purchase price of Four
Hundred Thousand Dollars ($400,000.00), contingent upon the City obtaining a written appraisal
from a licensed Florida appraiser 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
necessary 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 the Capital Improvements Project No. B50568, District 4 Park Land Acquisition,
in a total amount not to exceed Four Hundred Twelve Thousand Dollars ($412,000.00), to cover
the cost of said acquisition, inclusive of the cost of a survey, environmental report, title
insurance and 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
APPROVED AS TO FORM AND CORRECTNESS:
r
&ina City At#or iey 2/13/2017
' 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 City 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.