RE.6 - [invalid/incomplete Item]

WHEREAS, the City of Miami (City) wishes to acquire real property identified as folio number(s) 01-4103-008-0710 and 01-4103-008-0700, located at 2013 Northwest 4Street and 410 Northwest 20 Avenue, Miami, Florida ("Property"); and

WHEREAS, Private Lender, LLC, A Florida Limited Liability Company (Seller) has agreed to enter into a Purchase and Sale Agreement (Agreement), with the City to sell the Property for a purchase price of Nine Hundred Thousand Dollars ($900,000.00) (“Purchase Price”); 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 and 00/100 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; and

WHEREAS, funding for the acquisition shall not exceed One Million, Seventy-Seven Thousand and 00/100 Dollars ($1,077,000.00) to cover the cost of said acquisition, inclusive of the cost of surveys, environmental reports, title insurance, securing the property, demolition, project signage and all related closing costs associated with said acquisition, in accordance with the terms and conditions of the Agreement; and

WHEREAS, except for such changes as set forth herein, all previous appropriations remain authorized to continue as previously approved City of Miami (“City”) capital projects (new, revised, and continued projects collectively, “Projects”) according to the Fiscal Year 2025-2026 Multi-Year Capital Plan adopted on September 25, 2025, pursuant to Resolution No. R-25-0412 (“Capital Plan”), as amended; and

WHEREAS, it is now necessary to reallocate funds in the total not to exceed amount of One Million, Seventy-Seven Thousand and 00/100 Dollars ($1,077,000.00) (“Funds”) from certain project(s) in the City’s Capital Plan, and re-appropriating said Funds to current and/or future capital projects, all as set forth in Exhibit “A,” attached and incorporated;

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 negotiate and execute the Agreement, between the City and Seller, in a form acceptable to the City Attorney, for the acquisition of the Property for the Purchase Price.

Section 3.  The City Manager is further authorized1to 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.

Section 4.  Funding for the acquisition shall not exceed One Million Seventy-Seven Thousand and 00/100 Dollars ($1,077,000.00) to cover the cost of said acquisition, inclusive of the cost of surveys, environmental reports, title insurance, securing the property, demolition, project signage and all related closing costs associated with said acquisition, in accordance with the terms and conditions of the Agreement.

Section 5.  The City Manager is further authorized1and directed to prepare and submit any and all applications for a future land use map amendment and rezoning as necessary to designate the Property to Parks and Recreation on the City's adopted Future Land Use Map.

Section 6.  The City Commission hereby approves and authorizes1 the City Manager to reallocate funds in the total not to exceed amount of One Million, Seventy-Seven Thousand and 00/100 Dollars ($1,077,000.00) (“Funds”) from certain project(s) in the City’s Capital Plan, and re-appropriating said Funds to current and/or future capital projects, all as set forth in Exhibit “A,” attached and incorporated.

Section 7.  The allocation and appropriation of the funds referenced herein are subject to all federal, State, and local laws that regulate the use of such funds and the receipt of all necessary approvals, including, but not limited to the City Attorney.

Section 8.  The City Manager is authorized1 to make any changes to adjust, amend, and appropriate the City’s Operating Budget, Five-Year Financial Plan, Strategic Plan, Multi-Year Capital Plan, and any other documents as necessary and applicable, pursuant to the provisions of this Resolution.

Section 9.  Certain necessary actions by the City Manager and designated City officials and departments made in order to update the Capital Plan, relevant financial controls and computer systems in connection therewith, for project close-outs, and for grants and other funding sources in progress in connection herewith are ratified, approved, and confirmed.

Section 10. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.