Res. No. 089-06-12230RESOLUTION NO. 89-06-12230
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI, FLORIDA APPROVING A FY 05/06 SMCRA
BUDGET TRANSFER IN THE AMOUNT OF $382,559 FROM ACCOUNT
NUMBERS 610-1110-551-99-31 (MOBLEY BUILDING RENOVATION),
610-1110-551-99-33 (BUSINESS START-UP), 610-1110-552-31-20
(COMMERCIAL REHAB), 610-1110-553-99-30 (RESIDENTIAL REHAB)
AND 610-1110-559-34-50 (PART-TIME INTERN) TO ACCOUNT
NUMBER 610-1110-583-61-10 (LAND ACQUISITION) FOR THE
PURPOSE OF PURCHASING PROPERTIES LOCATED AT 6442 SW 59 th
PLACE, SOUTH MIAMI, FLORIDA BEARING FOLIO NO.: 09-4025-010-
0180 AND 6443 SW 60 th AVENUE, SOUTH MIAMI, FLORIDA BEARING
FOLIO NO.: 09-4025-010-0050; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, on April 10, 2006 the SMCRA Board approved purchase of 6442 SW 59th
Place and 6443 SW 60th Avenue required for the Madison Square Development for a total
purchase price of $730,000; and
WHEREAS, 6442 SW 59 th Place and 6443 SW 60th Avenue are in current jeopardy of
being sold at an upcoming foreclosure sale; and
WHEREAS, it is in the interest of the SMCRA to purchase 6442 SW 59 th Place and
6443 SW 60th Avenue prior to the properties being sold as part of a foreclosure action; and
WHEREAS, property taxes will continue to accrue on 6442 SW 59 th Place and 6443
SW 60th Avenue until purchase can be finalized by the SMCRA; and
WHEREAS, the current available funding amount in Account No. 610-1110-583-61-10,
Land Acquisition is $ 234,061; and
WHEREAS, in order to fund purchase of the two properties, a budget line item
transfer in the total amount of $382,559 will be required from the following budget line items to
Account No. 610-1110-583-61-10, Land Acquisition:
610-1110-551-99-31
610-1110-551-99-33
610-1110-552-31-20
610-1110-553-99-30
610-1110-559-34-50
Mobley Building Renovation
Business Start-Up
Commercial Rehab
Residential Rehab
Part-Time Intern
$210,000
$30,000
$25,000
$100,000
$17,559; and
WHEREAS, once the budget transfer is completed, the resulting funding in the above
referenced accounts will be:
610-1110-583-61-10
610-1110-551-99-31
Land Acquisition $616,620
Mobley Building Renovation $60,000
Res. No. 89-06-12230
610-1110-551-99-33
610-1110-552-31-20
610-1110-553-99-30
610-1110-559-34-50
Business Start-Up
Commercial Rehab
Residential Rehab
Part-Time Intern
$10,000
$25,000
$27,500
$0; and
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF SOUTH MIAMI THAT:
Section 1. The City Commission approves a FY 05/06 SMCRA budget line item transfer in
the total amount of $382,559 from the following budget line items in the amounts indicated to
Account No. 610-1110-583-61-10, Land Acquisition:
610-1110-551-99-31
610-1110-551-99-33
610-1110-552-31-20
610-1110-553-99-30
610-1110-559-34-50
Mobley Building Renovation
Business Start-Up
Commercial Rehab
Residential Rehab
Part-Time Intern
$210,000
$30,000
$25,000
$100,000
$17,559
Section 2. The SMCRA will seek subsequent approval from Miami-Dade County for the
above referenced FY 05/06 Budget amendment.
Section 3. This resolution shall take effect immediately upon approval.
clr
PASSED AND ADOPTED this £. day of June, 2006.
ATTEST:
~~:
CITyAiTORNEY
~/
APPROVED:
Commission Vote:
Mayor Feliu:
Vice Mayor Wiscombe:
Commissioner: Palmer
Commissioner Birts:
Commissioner Jay Beckman:
,
5-0
Yea
Yea
Yea
Yea
Yea
C:IDocuments and SettingslSRothsteinlMy DocumentslReso-OrdlCC Resolution -SMCRA Budget Transfer (2).doc
2
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
South Miami ",0,.-
AlhAmericaCiII'
~IIIJ.'
2001
To: The Honorable Mayor Feliu and Members of the City Commission
Via:
From:
Date:
Subject:
Request:
Yvonne S. McKinley, Acting City Manager 17 Don O'Donniley, Planning Director
June 6, 2006
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
SOUTH MIAMI, FLORIDA APPROVING A FY 05/06 SMCRA BUDGET
TRANSFER IN THE AMOUNT OF $382,559 FROM ACCOUNT NUMBERS 610-
1110-551-99-31 (MOBLEY BUILDING RENOVATION), 610-1110-551-99-33
(BUSINESS START-UP), 610-1110-552-31-20 (COMMERCIAL REHAB), 610-1110-
553-99-30 (RESIDENTIAL REHAB) AND 610-1110-559-34-50 (PART-TIME
INTERN) TO ACCOUNT NUMBER 610-1110-583-61-10 (LAND ACQUISITION)
FOR THE PURPOSE OF PURCHASING PROPERTIES LOCATED AT 6442 SW
59th PLACE, SOUTH MIAMI, FLORIDA BEARING FOLIO NO.: 09-4025-010-
0180. AND 6443 SW 60 th AVENUE, SOUTH MIAMI, FLORIDA BEARING FOLIO
NO.: 09-4025-010-0050; AND PROVIDING AN EFFECTIVE DATE
On April 10, 2006, the SMCRA Board approved purchase of properties located at 6442
SW 59th Place and 6443 SW 60 th Avenue required for the development of Madison Square
for a purchase price of $730,000 (See Exhibit 1 Attached). Both properties are also in
jeopardy of being sold during an upcoming foreclosure sale. Staff has recently requested an
extension of the foreclosure sale and will seek subsequent approval of a long-tem1
financing bond to purchase all remaining properties required to develop Madison Square.
In order to implement the project, the immediate purchase of properties facing foreclosure
is critical. Property taxes associated with the two properties will also continue to accrue
until purchase is finalized by the SMCRA. The current available funding in the SMCRA
Land Acquisition Account is $234,061. In order to purchase the two properties, a budget
transfer in the amount of $382,559 is required. Once completed, the resulting balance in
the SMCRA Land Acquisition Account will be $616,620 (See Exhibit 2 Attached).
It should be noted that staff has submitted a request to Miami-Dade County to authorize
the disbursement of Community Action Agency (CAA) funding designated for the
Madison Square Project. Community Action Agency funding in the total amount of
$294,000 will be utilized to supplement SMCRA budgeted funding required to purchase
the two properties. Following purchase, any remaining funding in the Land Acquisition
Account may be utilized to acquire an additional property currently under purchase
negotiation by the SMCRA.
Staff recommends approval of the attached resolution authorizing a budget transfer in the
amount of $382,559 from the indicated budget line items (See Exhibit 2) to the Land
Acquisition Account. The SMCRA will seek subsequent approval from Miami-Dade
County for the above referenced budget amendment.
Backup Documentation:
Draft Resolution
Approved SMCRA Resolutionfor Property Purchase
SMCRA Recommended Budget Line Item Transfers and Projected Balances
Approved SMCRA Resolutionfor Budget Transfer
YSM/DOD/SD/JM E:\CC\SMCRA Budget Amendment.doc
EXHIBIT 1
RESOLUTION NO. CRA 10-06-203
A RESOLUTION OF THE SOUTH MIAMI COMMUNITY
REDEVELOPMENT AGENCY (SMCRA) RELATING TO REAL
PROPERTY; AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE A CONTRACT FOR SALE AND PURCHASE BETWEEN
THE SMCRA AND GRAHAM HANOVER, INC. TO PURCHASE 6442
SW 59th PLACE, SOUTH MIAMI, FLORIDA BEARING FOLIO NO.: 09-
4025-010-0180 AND 6443 SW 60 th AVENUE, SOUTH MIAMI, FLORIDA
BEARING FOLIO NO.: 09-4025-010-0050 FOR A TOTAL CONTRACT
AMOUNT OF $730,000.00; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, during the April 11, 2005 SMCRA Meeting, the Board
authorized the Executive Director to obtain appraisals and to negotiate the
purchase of properties required for the development of Madison Square; and
WHEREAS, the combined appraised value received by the SMCRA for
6442 SW 59th Place and 6443 SW 60th Avenue is $595,000; and
WIJEREAS, the South Miami Community Redevelopment Agency
(SMCRA) desires to purchase from Graham Hanover Inc. the following parcels:
6442 SW 59 th Place, South Miami, Florida, bearing Folio No.: 09-4025-010-0180
. and 6443 SW 60 th Avenue, South Miami, Florida bearing Folio No.: 09-4025-010-
0050; and
WHEREAS, the negotiated purchase price for 6442 SW 59th Place and
6443SW 60th Avenue is $730,000.00; and,
WHEREAS, the SMCRA agrees as part of the purchase and sale
agreement to provide for an addendum to the agreement to allow for an advance of
funds on behalf of Graham Hanover in order pay certain utilities and make certain
emergency repairs to the buildings located on the parcels; and
WHEREAS, the sale of 6442 SW 59 th Place and 6443 SW 60th Avenue
will be contingent upon the release of all previously recorded liens against the two
properties; and
NOW THEREFORE BE IT RESOLVED BY THE SOUTH MIAMI
COMMUNITY REDEVELOPMENT AGENCY;
Section 1. The South Miami Community Redevelopment Agency
(SMCRA) approves the attached purchase and sale agreement for the purchase of
6442 SW 59 th Place, South Miami, Florida, bearing Folio No.: 09-4025-010-0180
and 6443 SW 60 th Avenue, South Miami, Florida, bearing Folio No.: 09-4025-
Page 1 of2
010-0050 from Graham Hanover, Inc.; whlch contract shall be for $730,000.00,
via financing approval withln 60 days of execution of agreement; and authorizing
the attached addendum to the purchase and sale agreement providing for an
advance to Graham Hanover, whlch advance shall act as a mortgage on the
property; provided however, the city commission co-signs the loan documents.
Section 2. This resolution shall take effect immediately upon approval.
. PASSED AND ADOPTED thls 10 th day of April, 2006.
ATTEST: APPROVED:
Board Vote:
Chair Feliu:
Vice Chair Wiscombe:
READ AND APPROVED AS TO FORM: Member Palmer:
Member Birts:
Member Beckman:
Member Ellis:
5-0
absent
Yea
absent
. Yea
Yea
Yea
Member Williams: Yea
LCOUNSEL
):\My Documents\CRA RESOLUTIONS 2006\CRA Reso graham hanover purchase (04-1 0-06 meeting).doc
Page 2 of2
PROPOSED FY 05/06 SMCRA LINE ITEM TRANSFERS AND PROJECTED BALANCES
m
>< ::I:: -II -....
N
RESOLUTION NO. CRA 26-06-219
A RESOLUTION OF THE SOUTH MIAMI COMMUNITY
REDEVELOPMENT AGENCY . (SMCRA) AUTHORIZING A SMCRA
BUDGET TRANSFER IN THE AMOUNT OF $382,559 FROM ACCOUNT
NUMBERS 610-1110-551-99-31 (MOBLEY BUILDING RENOVATION), 610-
1110-551-99-33 (BUSINESS START-UP), 610-1110-552-31-20 (COMMERCIAL
REHAB), 610-1110-553-99-30 (RESIDENTIAL REHAB) AND 610-1110-559-34-
50 (PART-TIME INTERN) TO ACCOUNT NUMBER 610-1110-583-61-10
(LAND ACQUISITION) FOR THE PURPOSE OF PURCHASING
PROPERTIES LOCATED AT 6442 SW 59th PLACE, SOUTH MIAMI,
FLORIDA BEARING FOLIO NO.: 09-4025-010-0180 AND 6443 SW 60 th
AVENUE, SOUTH MIAMI, FLORIDA BEARING FOLIO NO.: 09-4025-010-
0050; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, during the April 10,2006 SMCRA Meeting, the Board approved a
purchase and sale agreement between the South Miami CRA and Graham Hanover, Inc.
to purchase 6442 SW 59th Place, South Miami, Florida, and 6443 SW 60th Avenue,
South Miami, Florida for a total purchase price of $730,000; and
WHEREAS, the current available funding in Account No. 610-1110-583-61-10,
Land Acquisition is $ 234,061.37; and
WHEREAS, property taxes will continue to accrue on 6442 SW 59th Place and
6443 SW 60th Avenue until the purchase of the two properties is finalized by the
SMCRA;and
WHEREAS, in order to fund the purchase of the two properties, a budget line
item transfer in the amount of $382,559 will be required from the following budget line
item accounts into Account No. 610-1110-583-61-10, Land Acquisition:
610·1110-551-99-31
610-1110-551-99-33
610-1110-552-31-20
610-1110-553-99-30
610-1110-559-34-50
Mobley Building Renovation
Business Start-Up
Connnercial Rehab
Residential Rehab
Part-Time Intern
$210,000
$30,000
$25,000
$100,000
$17,559; and
WHEREAS, after budget transfer, the available funding in Account No. 610-
1110-583-61-10, Land Acquisition will be $616,620.37; and
WHEREAS, after budget transfer, the available balances in the above referenced
accounts will be:
610-1110-551-99-31
610-1110-551-99-33
610-1110-552-31-20
610-1110-553-99-30
610-1110-559-34-50
Mobley Building Renovation
Business Start-Up
Connnercial Rehab
Residential Rehab
Part-Time Intern
$60,000
$10,000
$25,000
$27,500
$0; and
NOW THEREFORE BE IT RESOLVED BY THE SOUTH MIAMI COMMUNITY
REDEVELOPMENT AGENCY;
Section 1. The South Miami Connnunity Redevelopment Agency (SMCRA)
approves a budget line item transfer in the total amount of $382,559 from the following
budget line item accounts into Account No. 610-1110-583-61-10, Land Acquisition:
610-1110-551-99-31
610"1110-551-99-33
610-1110-552-31-20
610-1110-553-99-30
610-1110-559-34-50
Mobley Building Renovation
Business Start-Up
Commercial Rehab
Residential Rehab
Part-Time Intern
$210,000
$30,000
$25,000
$100,000
$17,559
Section 2. The SMCRA shall seek City of South Miami approval and subsequent
approval from Miami-Dade County fort he above referenced FY 05/06 budget
amendment.
Section 3. This resolution shall take effect innnediately upon approval.
PASSED AND ADOPTED this 25TH day of May, 2006.
ATTEST:
SECRETARY
READ AND APPROVED AS TO FORM:
GENERAL COUNSEL
APPROVED:
CHAIRPERSON
Board Vote:
Chair Feliu:
Vice Chair Wiscombe: .
Member Palmer:
Member Birts:
Member Beckman:
Member Ellis:
Member Williams:
J:\My Documents\CRA RESOLUTIONS 2006\CRA Reso budget transfer (05~25-06 meeting).doc
7-0
Yea
Yea
Yea
Yea
Yea
Yea'
Yea