HomeMy WebLinkAboutR-17-0085City of Miami
Legislation
Resolution 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
City of Miami Page 1 of 2 File ID: 1664 (Revision:) Printed On: 5/17/2017
File ID: 1664 Enactment Number: R-17-0085
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:
1
i ria iI ndez, C'�ty Attor i e 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.
City of Miami Page 2 of 2 File ID: 1664 (Revision:) Printed on: 5/17/2017