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City of Miami
City Hall
3500 Pan American Drive
Miami, FL 33133
Master Report
www.miamigov.com
File Number: 5922
Revision:
Enactment Number: R-19-0208
File Type: Resolution
File Name: Execute Agreement - Investors Guide LLC 700 SW
63rd Ave
Requesting Dept: Commissioners and Mayor
Status: ADOPTED
Controlling Body: City Commission
Introduced: 5/14/2019
Final Action Date: 5/23/2019
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION 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 INVESTORS GUIDE LLC ("SELLER") FOR THE
ACQUISITION OF REAL PROPERTY LOCATED AT 700 SOUTHWEST 63 AVENUE,
MIAMI, FLORIDA ("PROPERTY") FOR A PURCHASE PRICE OF THREE HUNDRED
FIFTY-EIGHT THOUSAND DOLLARS ($358,000.00); FURTHER AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID
AGREEMENT, ALL 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 AN AMOUNT NOT TO EXCEED FOUR HUNDRED
THOUSAND DOLLARS ($400,000.00) 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 CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION, ALL IN
ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT.
Sponsor(s): Commissioner Manolo Reyes
Notes:
Links:
Attachments:
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez 5/14/2019 Approved Form and Completed
Correctness
City Commission 5/23/2019 Meeting Completed
City Commission 5/23/2019 ADOPTED Passed
Mayor's Office 5/31/2019 Signed by the Mayor Completed
City Clerk's Office 5/31/2019 Signed and Attested by the City Completed
Clerk
City Clerk's Office 5/31/2019 Rendered Completed
City of Miami Page 1 of 1 Printed on: 6/4/2019