HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
x File ID: #5390
Date: 01/10/2019 Requesting Department: Department of Real
Estate and Asset Management
Commission Meeting Date: 01/24/2019 Sponsored By: Joe Carollo
District Impacted: District 3
Type: Resolution
Subject: Land Acquisition - 2445 SW 5 Ave & 471 SW 25 Rd
Purpose of Item:
A Resolution of the Miami City Commission, authorizing the City Manager to execute a
Purchase and Sale Agreement ("Agreement"), in a form acceptable to the City Attorney,
by a four fifths (4/5ths) affirmative vote, between the City of Miami ("City") and Mango
Road LLC ("Seller"), for the acquisition of real property located at 2445 Southwest 5
Avenue and 471 Southwest 25 Road, Miami, Florida 33129 (collectively the "Property"),
for a purchase price of One Million One Hundred Thousand Dollars ($1,100,000.00);
allocating funds from the Office of Capital Improvement ("OCI") Project No. 40-
13183415, District 3 Park Land Acquisition, in a total amount not to exceed One Million
One Hundred Thirty Thousand Dollars ($1,130,000.00), to cover the cost of said
acquisition, inclusive of the cost of survey, environmental report, title insurance,
demolition, securing the Property, project signage and related applicable closing costs
associated with said acquisition, in accordance with the terms and conditions of the
Agreement; 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.
Background of Item:
The City of Miami ("City") wishes to acquire the real property located at 2445 Southwest
5 Avenue and 471 Southwest 25 Road, Miami, Florida 33129 (collectively the
"Property"). The City plans to construct a park that will enhance the quality of life of
residents in the surrounding area. Mango Road LLC ("Seller") has agreed to enter into a
purchase and sale agreement ("Agreement") with the City to convey the Property to the
City for a purchase price of One Million One Hundred Thousand Dollars ($1,100,000.00)
("Purchase Price"). Pursuant to Section 166.045(b), Florida Statutes, entitled "Proposed
Purchase of Real Property by Municipality; Confidentiality of Records; Procedure," for
each purchase in an amount in excess of $500,000.00, the governing body shall obtain
at least two (2) appraisals by appraisers approved pursuant to Section 253.025, Florida
Statutes. The City obtained two (2) appraisal reports from licensed State of Florida
certified appraisers. Section 166.045(b), Florida Statutes, further states that if the
agreed purchase price exceeds the average price of the two (2) appraisals, the
governing body is required to approve the purchase by an extraordinary vote, a four-
fifths (4/5ths) vote of the City Commission. The City's estimated total cost for the
acquisition of the Property will not exceed One Million One Hundred Thirty Thousand
Dollars ($1,130,000.00), to cover the cost of said acquisition, inclusive of the cost of
survey, environmental report, title insurance, demolition, securing the property, project
signage and related applicable closing costs associated with said acquisition, in
accordance with the terms and conditions of the agreement. Funds are to be allocated
from the Office of Capital Improvement ("OCI") Project No. 40-13183415, District 3 Park
Land Acquisition.
Budget Impact Analysis
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
$1,130,000.00
CIP Proiect No: 40-13183415 (D3 Park
Reviewed By
Real Estate and Asset Management Yvonne Hernandez
Office of Management and Budget Yvette Smith
Office of Management and Budget Christopher M Rose
City Manager's Office
Fernando Casamayor
City Manager's Office
Nikolas Pascual
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Pablo Velez
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
City Commission
Maricarmen Lopez
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Pablo Velez
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Office of the City Clerk
City Clerk's Office
Department Head Review
Completed
01/10/2019 9:08 AM
Budget Analyst Review
Completed
01/11/2019 8:22 PM
Budget Review
Completed
01/14/2019 9:31 AM
Assistant City Manager Review
Completed
01/14/2019 9:42 AM
City Manager Review
Completed
01/14/2019 9:47 AM
Legislative Division Review
Completed
01/14/2019 2:20 PM
ACA Review
Completed
01/14/2019 3:04 PM
Deputy City Attorney Review
Completed
01/14/2019 4:07 PM
Approved Form and Correctness
Completed
01/14/2019 5:17 PM
Meeting
Completed
01/24/2019 9:00 AM
Legislative Division Review
Completed
01/28/2019 9:02 AM
ACA Review
Completed
01/28/2019 9:39 AM
Deputy Attorney Review
Completed
01/29/2019 2:42 PM
Approved Form and Correctness
Completed
01/30/2019 6:41 PM
Signed by the Mayor
Completed
02/04/2019 4:58 PM
Signed and Attested by the City Clerk
Completed
02/04/2019 5:39 PM
Rendered
Completed
02/04/2019 5:39 PM
File Number: 5390
City of Miami
Legislation
Resolution
Enactment Number: R-19-0049
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:1/24/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR-FIFTHS (4/5THS)
AFFIRMATIVE VOTE, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY")
AND MANGO ROAD LLC, A FLORIDA LIMITED LIABILITY COMPANY ("SELLER"),
FOR THE ACQUISITION OF REAL PROPERTY LOCATED AT 2445 SOUTHWEST
5TH AVENUE AND 471 SOUTHWEST 25TH ROAD, MIAMI, FLORIDA
(COLLECTIVELY, "PROPERTY") WITH AN APPROXIMATE TOTAL AREA OF 12,700
SQUARE FEET, AS SHALL BE LEGALLY DESCRIBED IN THE AGREEMENT, FOR A
TOTAL PURCHASE PRICE OF ONE MILLION ONE HUNDRED THOUSAND
DOLLARS ($1,100,000.00); ALLOCATING FUNDS FROM THE CITY'S OFFICE OF
CAPITAL IMPROVEMENTS ("OCI") PROJECT NO. 40-13183415, DISTRICT 3 PARK
LAND ACQUISITION IN A TOTAL AMOUNT NOT TO EXCEED ONE MILLION ONE
HUNDRED THIRTY THOUSAND DOLLARS ($1,130,000.00) TO COVER THE COST
OF SAID ACQUISITION, INCLUDING THE COST OF A SURVEY, ENVIRONMENTAL
REPORT, TITLE INSURANCE, DEMOLITION, SECURING THE PROPERTY,
PROJECT SIGNAGE, AND RELATED APPLICABLE CLOSING COSTS ASSOCIATED
WITH SAID ACQUISITION, ALL IN ACCORDANCE WITH THE TERMS AND
CONDITIONS IN THE AGREEMENT; FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ANY AND 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.
WHEREAS, the City of Miami ("City") wishes to acquire the real property located at 2445
Southwest 5th Avenue and 471 Southwest 25th Road, Miami, Florida (collectively, "Property")
with an approximate total area of 12,700 square feet; and
WHEREAS, the Property is located in an underserved area with respect to parks; and
WHEREAS, the City plans to construct a park that will enhance the quality of life of
residents in the surrounding area; and
WHEREAS, Mango Road LLC, a Florida limited liability company ("Seller"), has agreed
to enter into a Purchase and Sale Agreement, in a form acceptable to the City Attorney
("Agreement"), to convey the Property to the City for a total purchase price of One Million One
Hundred Thousand Dollars ($1,100,000.00); and
WHEREAS, pursuant to Section 166.045(b), Florida Statutes, titled "Proposed Purchase
of Real Property by Municipality; Confidentiality of Records; Procedure," for each purchase in an
amount in excess of Five Hundred Thousand Dollars ($500,000.00), the governing body shall
obtain at least two (2) appraisals by appraisers approved pursuant to Section 253.025, Florida
Statutes; and
WHEREAS, the City obtained two (2) appraisal reports from licensed State of Florida
certified appraisers reflecting a market value of Eight Hundred Ninety Thousand Dollars
($890,000.00) and Nine Hundred Forty Thousand Dollars ($940,000.00), respectively, with an
average value for the two (2) appraisals of Nine Hundred Fifteen Thousand Dollars
($915,000.00); and
WHEREAS, Section 166.045(b), Florida Statutes, further states that if the agreed
purchase price exceeds the average price of the two (2) appraisals, the governing body is
required to approve the purchase by an extraordinary vote; and
WHEREAS, the City's estimated total cost for the acquisition of the Property will not
exceed One Million One Hundred Thirty Thousand Dollars ($1,130,000.00) to cover the cost of
said acquisition including the cost of a survey, environmental report, title insurance, demolition,
securing the property, project signage, and related applicable closing costs associated with said
acquisition, all in accordance with the terms and conditions of the Agreement; and
WHEREAS, the funds necessary for said estimated total cost for the acquisition of the
Property are to be allocated from the City's OCI Project No. 40-13183415, District 3 Park Land
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. By a four-fifths (4/5ths) affirmative vote of the City Commission, the City
Manager is authorized' to negotiate and execute the Agreement, in a form acceptable to the
City Attorney, between the City and the Seller for the acquisition of the Property with an
approximate total area of 12,700 square feet as shall be legally described in the Agreement for
a total purchase price of One Million One Hundred Thousand Dollars ($1,100,000.00).
Section 3. Funding for the acquisition of the Property is to be allocated from the City's
OCI Project No. 40-13183415, District 3 Park Land Acquisition in a total amount not to exceed
One Million One Hundred Thirty Thousand Dollars ($1,130,000.00) to cover the cost of said
acquisition including the cost of a survey, environmental report, title insurance, demolition,
securing the Property, project signage, and applicable related closing costs in accordance with
the terms and conditions in the Agreement.
Section 4. The City Manager is further authorized' to negotiate and execute any and 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.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
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.
APPROVED AS TO FORM AND CORRECTNESS:
1
i ria i�t-ndez, City Httor iey 1 114/2019
Revision A has the Scrivener's amendment by law
instead of original version.
1
i ria i "ndez, City Httor iey 1130/2019
department and per legal opinion, it may be certified