HomeMy WebLinkAboutR-17-0201opCity of Miami
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Legislation
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Resolution R-17-0201
File Number: 2030
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 4/27/2017
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"), AS PURCHASER, AND AT&T
COMMUNICATIONS, INC. ("AT&T"), AS SELLER, FOR THE ACQUISITION OF
REAL PROPERTY LOCATED AT 13 NORTHWEST 6TH STREET, MIAMI,
FLORIDA, CONTAINING AN APPROXIMATE LOT AREA OF 10,586 SQUARE
FEET, AS MORE PARTICULARLY DESCRIBED ON EXHIBIT "A" OF THE
AGREEMENT, ATTACHED AND INCORPORATED ("PROPERTY"), FOR A
TOTAL PURCHASE PRICE OF THREE MILLION FOUR HUNDRED FIFTY
THOUSAND DOLLARS ($3,450,000.00) CONTINGENT UPON THE CITY
OBTAINING TWO (2) WRITTEN APPRAISALS FROM LICENSED FLORIDA
APPRAISERS CONFIRMING THAT THE APPRAISED VALUE OF THE
PROPERTY IS AT LEAST THE STATED PURCHASE PRICE ("PURCHASE
PRICE"); 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 A SOURCE TO BE DETERMINED
IN A TOTAL AMOUNT NOT TO EXCEED THREE MILLION FIVE HUNDRED
THIRTY SEVEN THOUSAND DOLLARS ($3,537,000.00), 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.
WHEREAS, the City of Miami ("City"), as purchaser, wishes to acquire from AT&T
Communications, Inc. ("AT&T"), as seller, the real property located at 13 Northwest 6th Street,
Miami, Florida, as more particularly described in Exhibit "A" of the Purchase and Sale
Agreement ("Agreement"), attached and incorporated ("Property") containing an approximate lot
area of 10,586 square feet; and
WHEREAS, AT&T agrees to enter into the Agreement to convey the Property to the City
for Three Million Four Hundred Fifty Thousand Dollars ($3,450,000.00) ("Purchase Price"); and
WHEREAS, the Agreement is contingent upon the City obtaining two (2) written
appraisals from licensed Florida appraisers which reflect average appraisal of a sum greater
than or equal to the Purchase Price; and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed Three Million Five Hundred Thirty -Seven Thousand Dollars ($3,537,000.00) 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:
City of Miami Page 1 of 2 File ID: 2030 (Revision:) Printed On: 8/28/2017
File ID: 2030
Enactment Number: R-17-0201
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 the Agreement, in substantially
the attached form, between the City and AT&T for the purchase of the Property at the Purchase
Price contingent upon the City obtaining two (2) written appraisals from licensed Florida
appraisers confirming that the appraised value of the Property is at least the stated Purchase
Price.
Section 3. The City Manager is authorized' to negotiate and execute all necessary
documents, including any and all amendments and modifications to said Agreement, in a form
acceptable to the City Attorney, as may be necessary to effectuate said acquisition.
Section 4. Funds are to be allocated from a source to be determined in a total amount
not to exceed Three Million Five Hundred Thirty Seven Thousand Dollars ($3,537,000.00) 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 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
1
Una ndez, City Ht#or iey
4/1712017
' 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: 2030 (Revision:) Printed on: 8/28/2017