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01-10-052001 lfaking txrr Nergt�' ahoada Grc fXxe t� Ln Wbdc and FW Chair Mary Scott Russell CRA General Counsel Eve Boutsis Vice Chair Velma Palmer CRA Executive Director Maria Davis Member Randy G. Wiscombe CRA Secretary Maria M. Menendez Member Marie Birts- Cooper Member Craig Z. Sherar Member Nancy Cobb Member Dr. Anna Price SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY. CRA Meeting Meeting date: January 10, 2005 Next Meeting Date: February 14, 2005 Phone: (305) 668 -7236 Time: 6:30 PM ..r 6130 Sunset Drive, South Miami, FL City of South Miami Ordinance No. 10700 -1712 requires all lobbyists before engaging in any lobbying activities to register with the City Clerk and 'pay an annual fee of $125.00. This applies to all persons who are retained (whether paid or not) to represent a business entity or organization to influence "City" action. "City action is broadly described to include the ranking and selection of professional consultants, and'virtually all- legislative, quasi- judicial and administrative action. 'It does not apply to not - for - profit organizations, local chamber and merchant groups, homeowner associations, or trade associations and unions. CALL TO ORDER: 1. ROLL CALL: 2. INVOCATION: 3. PLEDGE OF ALLEGIANCE: COMMUNITY REDEVELOPMENT AGENCY 1 AGENDA - January 10, 2005 ITEMS FOR THE BOARD'S CONSIDERATION 4. Approval of Minutes • November 22, 2004 5. CRA Director's Report: A. Scope of service provided by Princeton Day Care B. Miami -Dade County: Home Rehabilitation Program C. Miami -Dade County: Mom & Pop Small Business Grant Program 6. Monthly Reports: A. Wounded Healers PUBLIC COMMENTS CONSENT AGENDA 7. A RESOLUTION OF THE CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY RELATING TO ATTORNEY'S FEES; APPROVING ATTORNEY'S FEES FOR LOTT & LEVINE IN THE AMOUNT OF $428.75; CHARGING THE AMOUNT TO ACCOUNT NO. 610 - 1110 - 564 -31 -20 SPECIAL REDEDEVELOPMENT LEGAL SERVICE; LEAVING $14,225.25 PROVIDING AN EFFECTIVE DATE. RESOLUTION(S) 8. A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA, RELATING TO COMMUNITY REDEVELOPMENT;. APPROVING PHASE II PLAN SUPPLEMENT AS A MODIFICATION TO THE SOUTH. MIAMI COMMUNITY REDEVELOPMENT PLAN; PROVIDING FOR , TRANSMITTING THE PLAN TO THE METROPOLITAN DADE COUNTY BOARDS OF COUNTY COMMISSIONERS; PROVIDING FOR FURTHER ACTIONS TO IMPLEMENT THE PLAN; AND PROVIDING AN EFFECTIVE DATE. COMMUNITY REDEVELOPMENT AGENCY 2 AGENDA - January 10, 2005 9. A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY - APPROVING THE EXECUTIVE DIRECTOR TO NEGOTIATE THE PURCHASE OF TWO PROPERTIES IN THE CRA AREA IDENTIFIED FOR THE MADISON SQUARE DEVELOPMENT FOR THE LOW APPRAISED MARKET VALUE OF $44,100 FOR 6429, SW 60 AVENUE AND $20,625 FOR 6015 SW 59 PLACE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FROM THE CASH CARRY OVER ACCOUNT FOR THE PURPOSE OF ECONOMIC DEVELOPMENT; AND PROVIDING AN EFFECTIVE DATE. 10. A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY (SMCRA) APPROVING THE CRA DIRECTOR TO ENTER INTO AGREEMENT BETWEEN THE CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY AND THE CORZO, CASTELLA, CARBALLO, THOMPSON, & SALMAN TO PROVIDE PROFESSIONAL ARCHITECTURAL SERVICES TO DESIGN AND CONSTRUCT A PAVILION AND TO IMPROVE LIGHTING AT MARSHALL WILLIAMSON PARK; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE UP TO $12,750 FROM ACCOUNT # 610 - 1110 - 572 -31 -20 PARK IMPROVEMENTS LEAVING A BALANCE OF $49.00 DOLLARS IN THAT ACCOUNT; PROVIDING FOR AN EFFECTIVE .DATE. BOARD COMMENTS ADJOURNMENT COMMUNITY REDEVELOPMENT AGENCY 3 AGENDA - January 10, 2005 PURSUANT TO FLA STATUTES 286.0105, "THE CITY HEREBY ADVISES THE PUBLIC THAT IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THIS BOARD, AGENCY OR COMMISSION WITH RESPECT TO ANY MATTER CONSIDERED AT ITS MEETING OR HEARING, HE OR SHE WILL NEED A RECORD OF THE PROCEEDINGS, AND THAT FOR SUCH:PURPOSE, AFFECTED PERSON MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. THIS NOTICE DOES NOT CONSTITUTES CONSENT BY THE CITY FOR THE INTRODUCTION OR ADMISSION OR OTHERWISE INADMISSIBLE OR IRRELEVANT EVIDENCE, NOR DOES IT AUTHORIZE 'CHALLENGES OR APPEALS NOT OTHERWISE ALLOWED BY LAW. COMMUNITY REDEVELOPMENT AGENCY 4 AGENDA - January 10, 2005 17 18 The South Miami Community Redevelopment Agency met in 19 regular session on Monday, November 22, 2004 beginning at 6:30 20 p.m., in the City Commission Chambers, 6130 Sunset Drive. 21 22 Eve Boutsis delivered the Oath of Office to new board member 23 Dr. Anna Price. 24 25 1. ROLL CALL: 26 The following members of -the CRA Board were present: 27 Chairperson Mary Scott Russell, Vice Chair Velma Palmer and 28 Members Randy G. Wiscombe, Marie Birts- Cooper, Craig Z. Sherar 29 and Dr. Anna Price. Member Nancy Cobb was absent. 30 31 Also in attendance were: CRA General Council Eve Boutsis, 32 CRA Executive Director Maria Davis, Planning Director Don 33 O'Donniley, and CRA Program Coordinator James McCants. 34 35 2. INVOCATION: 36 37 Rev. Gay delivered the invocation. 38 39 3. PLEDGE OF ALLEGIANCE: 40 41 The Pledge of Allegiance was recited in unison. 42 43 44 ITEMS FOR THE BOARD'S- CONSIDERATION: 45 46 47 4. CRA Executive Director's Report: ; 48 49 A. Report on Consultants Expenditure - 1999 to present 50 Executive Director Maria Davis stated that,the report is 51 completed and all of the back up information is in. her office for 52 anyone who wishes to see it. Over the last five years $100,000 COMMUNITY REDEVELOPMENT AGENCY 1 MINUTES - November 22, 2004 , 1 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 was spent on legal, $806,000 $41,000 in Auditing and $203,000 $1,100,:000 in consulting fees. in Miscellaneous Consultants, in house salaries for a total.of Ms. Davis said that the board will receive a monthly budget report identifying the expenditures for every line item and also a monthly activity report. She said her goal is to provide as much information to the public as possible. Additionally she would like to have workshops and publications as far as what is a CRA and what it is suppose to do,. She said one of the biggest problems of the CRA is the lack of knowledge and understanding of the benefits. The CRA has been through a lot of change because it has not had any consistency, with five directors in five years. -The goals that were originally set were far too many goals to achieve. Now we can narrow down what the vision is and focus on the priorities. B. Madison Square - Discussion pertaining to implementation Ms. Davis stated that she needs to dispel some rumors about Madison Square. She was told on a number of occasions that this was not a CRA project but an. OCED 'project and that the two visions were different from each other. She spoke with Valerie Simmons, Director of'OCED. This project is not an OCED project at all. OCED has allocated funding for soft cost for the start up of Madison Square. Also the CRA for the last three years has allocated .$100,000 per year towards the soft cost for Madison Square and the visions appear to be the same. The CRA is allocating funds for the architectural drawings and /or land acquisition. OCED has nothing to do with the project other than funding portions of it through the CRA. Member Sherar said that Mr. Finnie made it very clear to him during a conversation that they had in August, that the Madison Square project he was dealing with did not have and could not have a housing component on it, because OCED'does not do housing projects. He stated that the last CAA meeting he attended the person from OCED made it very clear that they thought it was their project. Chair Russell suggested having a meeting with OCED so there won't be anymore miscommunications regarding the project. Ms. Boutsis stated that there may be a way :to work with their charter as to them funding only the portions that are for economic development as far as businesses and the CRA using the housing component funding. Ms. Davis said to make Madison square a reality we have to acquire an amass property. Unless we acquire the property that we need for phase 1 and 2, there will be no Madison Square. She presented a board to reflect what we own and what we need to own COMMUNITY REDEVELOPMENT AGENCY 2 MINUTES - November 22, 2004 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 in order to make Madison Square happen. Some of the properties that we don't own might require condemnation. Mr. O'Donniley presented to the board the east and west side of Madison Square. Mr. O'Donniley asked. the board to authorize the administration to get some appraisals, if necessary, and enter into negotiations with owners and make firm offers for voluntary sales. Should they fail to do that, obtain a second estimate and proceed to condemn the property. He said that we will not be asking for a ball grant for any property, it will be a specific request and we'll come back if we need to ask for any others. He explained that how it works is we need at least two appraisals and once we go to the second appraisal we are bound to offer the second price. If the property owner disagrees with it, we can file for a - - -- but it goes to a jury of view, which is a legal review of the estimates and call in people who are experienced in property values and make a determination of what is a fair, amount. Chair Russell asked where we have an existing business, will we be building them a new business in the building and will that be a part of,the negotiations. Mr. O'Donniley said that it is part of what you can negotiate in the voluntary efforts. ' We are free to offer them any kind of partnership, including that they can donate their property as an investment and get back a turn key operation. Chair Russell asked about the people that are renting in the two parcels now. Mr. O'Donniley said that we have an obligation to help them with relocation. Chair Russell asked how do we come up with the financial amount. Mr. O'Donniley said that we look at what's available in the market and the cost of moving, there are set procedures for each. He said that would be the last piece; we need to deal with it budget wise for next year to,make sure we have the relocation package in place. Right now we are more concerned with the vacant pieces of land. Chair Russell said that the first order of business will be to amass the parcel that we need where there is no conflict and help us get a better understanding of the options regarding existing business so that we preserve the proprietor and understand better what the cost of relocation is per family. COMMUNITY REDEVELOPMENT AGENCY 3 MINUTES - November 22, 2004 1 2 3 4 5 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Member Sherar asked what is the highest per square foot assessment that the Dade County Property Appraiser is currently putting.on any of the properties. Mr. O'Donniley said that the multifamily unit is 4,600 square feet and the assessed value is $158,000. Member Sherar asked how many square feet are we looking to get that we don't already have. Mr. O'Donniley estimated about 400,000 square feet. He said neighborhood commercial is usually in depth about 100 -150 feet. Member Sherar said that we need to know what we are going to build, how much it will cost and start working backwards from that. He stated that he is not condemning someone's property than turnaround and give it to a developer. Chair Russell said the first step is to negotiate a willing sale from all of the parties involved and she is all for beginning the negotiating process. Member Sherar stated that it is about $14 million just in building cost. If we can't afford the. $14 million, why are we spending any money today? If the project that'we build is going to work,.then we decide how much is going to cost to build it and then we hire an appraiser, but we are not there yet. He stated that we need to decide what we are going to do. Mr. O'Donniely stated that we're not committed to building anything for anyone at this point; we are committed. to the feasibility of assembling parcels. Member Price stated that the way she understands it, is that what is proposed is to get an appraisal on the lots that are currently vacant. Chair Russell said that to go forward with an appraisal to see if we can negotiate a willing-sale with the property owner adjacent to our property so we can begin to amass enough volume on the both blocks to control the space. Member Sherar said the Plan says that we cannot condemn. Ms. Boutsis said that the Interlocal Agreement with the County provides for the agency to exercise the power to use eminent domain, if necessary. Member Sherar said that one owner wants $100,000 for his property. Mr. O'Donniley said that we don't have an appraisal to base an offer in writing to him. COMMUNITY REDEVELOPMENT AGENCY 4 MINUTES - November 22, 2004 1 2 3 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Member Price made a motion to authorize the executive director to proceed with getting an appraisal of the vacant lots, seconded by Member Birts- Cooper. After the discussion,'the motion passed by a 5 -1 vote. Member Wiscombe: Yea Vice Chair Palmer: Yea Member Sherar' Nay Member Birts - Cooper: Yea Member Price: Yea Chair Russell: Yea Member Cobb: Absent C. SPIRIT OF THE SEASON AWARD. Ms. Davis explained that the Spirit of the Season Award was started by former Board Member David Bethel. The board members select the homes with the best lighting decorations during the holiday season. Four winners are selected. The selected homes are identified with signs displayed in their yard. Member Sherar asked about the domino and checkers pavilion at Marshall Williamson Park. Ms. Davis said that they are in'the design stage. Member Sherar mentioned that when flyers are given regarding the CRA, it should be given to the entire City. Ms. Davis suggested putting more flyers downtown and at other - churches. Member Wiscombe suggested having Community Newspaper insert the flyers inside of their paper. Member Price said that Community Newspaper is excellent way to advertise all City meetings. Regarding the appraisal, Vice Chair Palmer asked after the appraisal is done how do we proceed. Ms. Davis said it will come back to the board for discussion and get-permission to proceed from there. COMMUNITY REDEVELOPMENT AGENCY MINUTES - November 22, 2004 ' 5 1 CONSENT AGENDA 2 3 1. Monthly Report Wounded Healers 4 2. Madison Square Market Finances 5 3. Monthly Budget Report - September 2004 , 6 4. Listing of projects' completed by "Rebuilding 7 Together" 8 9 PUBLIC REMARKS 10 11. Sharon McCain wanted an explanation for the $35,000 for 12 Wounded Healers. (tape inaudible) 13 14 Rev. Gay said that 'since the revitalization of the Wounded 15 Healers they've enrolled about forty -five young people who reside 16 in the area to get applications for their GED. Also, fourteen 17 people have been put to work without the City's money. He stated 18 that he is trying to make good things happen in the community. 19 20 21 .. RESOLUTION (S) W-1 23 CRA 15 -04 -142 24 5. A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY BOARD OF 25 THE CITY OF SOUTH MIAMI, FLORIDA RELATING TO GRANT FUNDING 26 FOR WOUNDED HEALERS, INC.; AUTHORIZING A $35,000 GRANT TO 27 WOUNDED HEALERS, INC.; AUTHORIZING EXECUTION OF GRANT 28 AGREEMENT BETWEEN THE SMCRA AND ST. JOHN AME CHURCH'S 29 WOUNDED HEALERS, INC., TRAINING PROGRAM; PROVIDING AN 30 EFFECTIVE DATE. 31 32 Moved by Member Wiscombe; second by Member Sherar to approve 33 this item. 34 35 Member Sherar said that he would have like to see something 36 more detailed. 37 38 Member Wiscombe stated that he supports this resolution 39 because the $35,000 goes into the community and it is a small. 40 investment for what we are going to get:in the long run. 41 42 Ms. Davis said that the board will be provided a monthly 43 report on the Wounded Healers program. 44 45 After the discussion, the motion passed by a 6 -0 vote. 46 47 Member Wiscombe: yea 48 Member Sherar: yea_ 49 Vice Chair'Palmer: yea COMMUNITY REDEVELOPMENT AGENCY 6 MINUTES - November 22, 2004 1 Member Birts- Cooper: yea 2 Member Price: yea 3 Chair Russell: yea 4. Member Cobbs absent 5 6 CRA 16 -04 -143 7 6. A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT . 8 AGENCY, APPROVING AN ADDITIONAL GRANT FOR INFRASTRUCTURE 9 COSTS TO HABITAT FOR HUMANITY OF GREATER MIAMI (HGM), INC., 10 AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE UP` TO 11 $39,000.00 FROM THE RESIDENTIAL REINVESTMENT ACCOUNT NO. 12 610 -1110- 553- 34 -50; AND PROVIDING AN EFFECTIVE. DATE. 13 14 Moved by Member Sherar, seconded by Vice Chair Palmer to 15 approve this item. 16 17 After there was no discussion, the motion passed by a 6 -0 18 vote. 19 20 Member Wiscombe: yea 21 Member Sherar: yea 22 Vice Chair Palmer: yea 23 Member Birts - Cooper: yea 24 Member Price: yea 25 Chair Russell: yea 26 Member Cobb: absent 27 28 7. A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT 29 AGENCY (SMCRA) RELATING TO REAL PROPERTY; AUTHORIZING THE 30 SALE VIA QUIT CLAIM DEED OF THE PROPERTY HAVING PROPERTY 31 FOLIO IDENTIFICATION NUMBER 09- 4025 - 010 -0560 AND THE BELOW 32 LEGAL DESCRIPTION TO MS. THERESA SAWYER FOR $10,000, AND 33 AUTHORIZING THE PLACEMENT OF A DEED RESTRICTION ON THE 34 PROPERTY, WHICH COVENANT AND DEED RESTRICTION PRECLUDES. 35 DEVELOPMENT OF THE PROPERTY; AND PROVIDING AN EFFECTIVE 36 DATE. 37 38 Moved by Member Wiscombe, seconded by Vice Chair Palmer to 39 defer this item until the next meeting. 40 41 After there was no discussion, the motion passed by a 6 -0 42 vote. 43 44 Member Wiscombe: yea 45 Member Sherar: yea 46 Member Birts- Cooper: yea 47 Vice Chair Palmer: yea 48 Member Price: yea 49 Chair Russell: yea 50 Member Cobb: absent. 51 COMMUNITY REDEVELOPMENT AGENCY 7 MINUTES - November 22, 2004 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 BOARD COMMENTS Chair Russell thanked Dr. Price for serving on the CRA Board. She stated that she has a real estate license. She has no business happenings within the boundaries of the CRA and she has never participated in any transactions within the boundaries of the CRA, nor does she plan do. business within the boundaries of the CRA. It has nothing to .do with her willingness to relinquish her seat to someone else who can serve the CRA with the best energy and perspective. Member Sherar said that we should start to do new things in the CRA since we have a new administration. In his opinion, a good portion of the $806,000 was peddled away. He hopes that we don't -spend $100,000 on consultants to find out that the Supreme Court says that you can't take away private property and turn it over to private developers. He hopes the money is well spent. ADJOURNMENT There being no further business to come before this Body, the meeting was adjourned. Attest:. Maria M. 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Sv t/9i pr,... 0 0 CL CD .� ,qoi n A s� 3 D fD Q Ll I I 16, 7 1001 '7.'101 krnt cwr NNiyhGorhwd a Gnat M? to Lilt, ybnrA- and Ray' CITY OF SOUTH MIAMI INTER- OFFICE MEMORANDUM To: Honorable Chair ^ Date: January 10, 2005 and SMCRA Board !, A From: Maria Davis.; ' A W Subject: Agenda Item # 6 SMCRA Executive trector CRA Board Meeting 01/10/05 Princeton Preschool REQUEST THE CPA BOARD REQUESTED THE GRADES SERVED BY PRINCESTON DAYCARE. �C k. �zi�tcetc� ,��edchcd awd eh ed eaze eewez, Poe. a BUILDING EXCELLENCE IN EDUCATION 5928 S.W. 68TH STREET MIAMI, FLORIDA 33143 PHONE /FAX (305) 666 -5575 Princeton Preschool and Child Care Center is located in the heart of inner city South Miami C R A. Princeton was established March 20, 1995. . Princeton Preschool and Childcare Center offers children a quality foundation for positive successful educational experiences. Princeton features a mixture of different teaching methods that include direct teaching, high scope and montessori style. The school is opened from 14 months to 6 years of age. Princeton, also offers after care and tutoring for grades 1 -7. Princeton is more than just a day care service. Princeton introduces its students to safety, human growth and development, reading readiness, language arts and computer literacy. Princeton requires that all of its students know* how to read by the time they graduate. By placing high academic standards on our students Princeton has seen it students enter public school well advance in reading, writing, arithmetic, and computer literacy. Business hours Monday - Friday 7:00 am- 6:00pm Weekly Fee $ 85.00 After Care $ 70.00 Breakfast, Lunch and Snack (Free) ]001 WcUrq our 44cxi and My" CITY OF SOUTH MIAMI INTER - OFFICE MEMORANDUM To: Honorable Chair and SMCRA Board From: Maria Davis SMCRA Executive Director REQUEST Date: January 10, 2005 Subject: Agenda Item #6 r CRA Board Meeting 01/10/05 Dade County Program THE CRA BOARD REQUESTED INFORMATION ON DADE COUNTY PROGRAM FOR THE DISABLE CHILD. I _DADE a ®� Miami -Dade Housing Agency 2 � W Applicant and Leasing Center MIAMI DADE 61O Post Office Box 452100 . Miami, FL 33245 -2100 HOUSING Q (305) 250 -5238 Single Family (Detached) Rehabilitation Loan Program Preliminary Application INSTRUCTIONS Complete the preliminary application below if you think you're eligible. Only one (1) application per family will be processed. All changes regarding address, family composition or income must be reported to Miami -Dade Housing Agency's (MDHA) Applicant & Leasing Center at 305 -638 -6464 ext. 221. For more information call MDHA at 305 -250- 5238. To request assistance in completing this application, you may call 305- 547 -5444, TDD 305 - 250 -5256 for hearing - impaired. RETURN COMPLETED APPLICATION BY MAIL ONLY TO: MIAMI -DADE HOUSING AGENCY POST OFFICE BOX 452100 MIAMI, FLORIDA 33245 -2100 ATTN: APPLICANT & LEASING CENTER HEAD OF HOUSEHOLD INFORMATION: LAST NAME: FIRST NAME: MI: SOCIAL SECURITY NUMBER: ! ! DATE OF BIRTH: PROPERTY ADDRESS: CITY: STATE: ZIP: HOME PHONE: lri *] KAraww olk" NUMBER OF PERSONS IN HOUSEHOLD INCLUDING YOURSELF (CIRCLE ONE): 1 2 3 4 5 6 7 8 9 10+ DO YOU LIVE IN A HOPE VI TARGET AREA? Yes or No ARE YOU OR ANY MEMBER OF YOUR HOUSEHOLD DISABLED? Yes or. No WHICH PROGRAM ARE YOU APPLYING FOR ? Window Shutter ( ) and /or Single Family Rehabilitation Loan ( ) IF SO, PROVIDE EXPLANATION HERE: GENDER ETHNICITY RACE 1) Male ( ) 1) Hispanic ( ) 1) White ( ) 2) Female ( ) 2) Non - Hispanic ( ) 2) Black ( ) 3) Indian ( ) 4) Asian ( ) 5) Other ( ) The information provided herein is to the best of my knowledge accurate and correct. My signature below authorizes the release of information to Miami -Dade County regarding employment, salary, income, credit accounts, loans, and deposit accounts. I further authorize any recipient hereof to consider a photocopy or other reproduction of this authorization to serve as the original. SIGNATURE (HEAD OF HOUSEHOLD) Revised 02/03 DATE Rehabilitation Loan Program Fact Sheet:, • Miami -Dade County has a loan program to help low- and moderate - income people repair their homes. • The program is known as the Rehabilitation or Rehab Loan Program. The Miami -Dade Housing - Agency .(MDHA), through the Development and Loan Administration Division (DLAD), administers the Rehab Loan Program. • Participation in Rehab Loan Program is based on the availability of funds; the program is subject to change without advance notice.] • Safety and /or sanitation issues are addressed by the loan. Structural, electrical & plumbing items are the most common items that are repaired. • Common examples of repair include: • Roof repair. • Electrical system repair. • Kitchen, bath & appliance repair. • Air conditioning repair. • Septic system or sanitary sewer system repair. • Loans are made only to bring the property up to current South Florida Building Code standards. Additions, remodeling and home improvement projects are not allowed. • The loans are made only for what is required to bring the house "up to code ". The maximum loan amount generally is $20,000.00. If it only takes, for example, $8,500.00 to bring the . house up to code, then the loan will only be for $8,500.00, not for $20,000.00. • Application information follows: • Applicants are served based on a first -come, first - served basis. • Rehabilitation applications can be received by calling (305) 250 -5238. To request assistance in completing the application, call (305) 547 -5444; call TDD (305) 250 -5256 for the hearing impaired. • Applications are mailed to the Applicant Leasing Center (ALC). Confirmation of receipt of applications is available by calling the ALC's Automated Telephone Response System at . (305) 644 -5111 or by calling (305) 644 -5125 and-providing the applicant's social security number. The system advises the caller of the ranking on the waiting list for the Rehab Loan Program. As more applicants are processed by the Miami -Dade Housing Agency, everyone else's ranking decreases (ranking 100 may become 75). • Property qualifying criteria follow: • Applicants must live in Miami -Dade County, Florida. • Their property must be a detached, single family residence (duplexes, triplexes, pre- fabricated homes, mobile homes, condominiums & townhomes are not allowed). • Applicants must be on title (they must own the property / it must be listed in their name). • The property must be their primary residence (their home). Tax records must show that the property has a homestead exemption. • The property cannot have a tax - assessed value of more than $145,000.00. • The property must have been owned for 1 year prior to the date applying for the Rehabilitation Loan. The property must have been used as the primary residence for the year prior to applying for the Rehabilitation Loan. • Income qualifying criteria follow: o Applicants' total household income must be considered "low- or moderate- income ", as follows: ■ For 1 person, he / she cannot earn more than $44,280 per year. ■ For 2 people, they (together) cannot earn more than $50,640 per year. ■ For 3 people, they (together) cannot earn more than $56,880 per year. ■ For 4 people, they (together) cannot earn more than $63,240 per year. ■ For 5 people, they (together) cannot earn more than $68,280 per year. ■ For 6 people, they (together) cannot earn more than $73,320 per year. ■ For 7 people, they (together) cannot earn more than $78,360 per year. ■ For 8 people, they (together) cannot earn more than $83,520 per year. Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305) 250 -5238, Fax (305) 250 - 5246; Monday - Friday, 8:00 - 5:00. Page 1 of 4 (Rehabilitation Loan Program Fact Sheet, continued) • Credit qualifying criteria follow: o Applicants must be up -to -date with their mortgage payment(s) and with their real estate taxes. Applicants cannot have any foreclosure action pending. • Homeowner's insurance criteria follow: o Applicants must have homeowner's insurance. o Flood and /or windstorm insurance is required if the property is in a flood- or windstorm - designated area. • Procedures and information for the actual rehabilitation of the property follow: • The Rehabilitation loan program provides the financing only. • Applicants must select their own contractor. The contractor must be licensed and registered in Miami -Dade County. The contractor must carry general liability and worker's compensation insurances. • Any disputes with the contractor are between the homeowner and the contractor; the county is not involved. • If necessary, the homeowner can "fire" the contractor & hire a different contractor to complete the job. ■ Alternatively, the homeowner can elect to be his /her own "owner /builder" and act as his /her own contractor. • An inspector from Miami -Dade County contacts the homeowner and prepares a "work write-up", or a list of what the owner wants to have fixed in order to bring the property up to code. Remember, the items covered by the rehab loan are limited to structural, electrical or plumbing repairs; or other repairs that affect safety or sanitation. The write -up describes the work. It lists the damaged item and the cost of the material(s) to repair or replace it. ■ The write -up specifies the cost of materials for the job, and to that figure adds up to approximately 25% to cover overhead, labor and profit. There are two versions of the write -up: one is for the inspector that specifies the costs of the materials, and one is for the contractor that does not specify any costs. ■ The applicant is given 3 copies of the contractor - version of the write -up (the one that does not specify any prices). These are to be given to 3 different contractors to use in preparing 3 different written estimates. ■ The inspector must approve the contractor for the homeowner to use him ■ The homeowner gives a copy of the contractor's written estimate to the inspector. The contractor's estimate which comes in closest (meaning within 10% or so) in price to the inspector's- version of the write -up (the one specifies the price) is approved. The contractor is approved providing of course, that the contractor is licensed, insured, and is the first choice of the homeowner). • Contractors are paid through a "draw" process. As the job progresses, the contractor is paid for each part of the job that has just been completed. ■ Inspections are required for the contractor to be paid. ■ CAA (Community Action Agency) [or any other entity authorized by the Miami -Dade Housing Agency to act on their behalf] manages the inspection aspect of the job. ■ Applicants must approve the quality of the work for each draw request to be processed. If the homeowner is not satisfied with the quality of work, then he /she is to ask the contractor to correctthe work until it is satisfactory. The Final Draw Request or Final Payment must also pass a Final Inspection from the Building & Zoning Department. ■ Contractors guarantee their work for a 1 -year period. Roofs are guaranteed for 5 years. Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305) 250 -5238, Fax (305) 250 -5246; Monday Friday, 8:00 - 5:00. Page 2 of 4 (Rehabilitation Loan Program Fact Sheet, continued) Loan information follows: • The loan term is 20 years. • Loans can have a 0 to 6% interest rate, depending on each case. • If applicants are 62 years old or older, or are disabled, loans maybe deferred (meaning no payment is required), and /or may be forgiven after 10 years, again depending on each case. • Disabled applicants are referred to Miami -Dade County's Disability Services And Independent Living Division (DSAIL). DSAIL verifies the applicant is disabled, and needs disability - related repairs to his or her home. DSAIL offers the applicant the choice of a certified consulting company or Environmental Accessibility Consultant (EAC) that specializes in providing barrier -free living consulting services for the disabled. The consultant's objective is to help one remain as independent as possible. The consulting fee may cost up to $1,000 and is included in the Rehab Loan. • If an applicant refinances, changes title, rents, uses the property as a second or vacation home, sells the home, or no longer uses it as his /her primary residence, then the loan is to be paid in full. An overview of the Rehab Loan process follows: • The Finance Advisor sends a letter to the applicant, requesting he / she make an appointment to come in and seethe Finance Advisor. • It is imperative that the applicant respond to the letter within 3 weeks of the date of the letter! Otherwise, his /her application will be cancelled due to non - response. • The applicant must bring the following items when seeing the Finance Advisor: ■ Recorded Warranty Deed. ■ Current Property tax assessment bill. ■ Most recent 2 years' income tax returns, signed, with all W -2 forms. ■ 2 recent pay stubs from job or Social Security, retirement pension, disability, etc. ■ Profit and Loss Statement if self - employed. ■ Current mortgage monthly statement. ■ Copies of school records & birth certificates for all dependents. ■ Copy of Homeowners Insurance. Policy and if applicable, Windstorm and Flood insurances. • The Finance Advisor pre - qualifies the applicant. • The Finance Advisor requests an inspector see the applicant's home and prepare a work write -up. The write -up is a list of what the owner wants to have fixed in order to bring the property up to code. The items covered by the rehab loan are limited to structural, electrical or plumbing repairs; or other repairs that are related to safety or sanitation. Remodeling, additions and /or home improvement projects are not allowed. • Once the write -up is completed, the Finance Advisor receives a copy and the homeowner receives three copies (the applicant receives three copies of the contractor- version of the write -up without any prices specified). • The Finance Advisor prepares the file to be underwritten. After the underwriter approves the loan, a Commitment Letter (that is valid for 6 months) is sent to the applicant. The Commitment Letter lists the terms and conditions of the loan. All conditions must be met in order for the loan to be made (oftentimes this means the applicant is requested to bring one or more additional items to the Finance Advisor before the loan is allowed to close). • The homeowner uses the three copies of the contractor- version of the write -up to get three different contractors' written estimates. The contractors selected must be licensed and insured. The contractor whose price comes in closestwithin 10% of the inspector's total for the job is approved by the inspector. • Once the contractor is approved, the homeowner & the contractor must sign a contract. The inspector advises the Finance Advisor that from the inspector's rehabilitation perspective, the homeowner is ready to close ("closing" is when the Finance Advisor and the homeowner meet & sign the mortgage, note and other closing documents; until the closing takes place, no actual repair work can begin on the home). Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305)250 -5238, Fax (305) 250 -5246; Monday - Friday, 8:00 - 5:00. Page 3 of 4 Rehabilitation Loan Program Fact Sheet, continued) • The homeowner is to contact the Finance Advisor at once, requesting a review of their file to see if everything is ready to schedule a closing appointment. If any additional documents are required, the Finance Advisor will tell the homeowner. If the Commitment Letter has not expired, then all the documents that are needed should be listed on pages 1 and 2 of the Commitment Letter that has already been mailed to the homeowner. • When all conditions are received by the Finance Advisor, and the file is ready to schedule a closing appointment, the file is given to the Closing Department. The Closer will call the applicant to schedule a closing, which is when the applicant signs the Mortgage, Note and other loan documents. • Once the applicant's loan is "closed ", then the inspector and the contractor are notified that the work can proceed for the rehabilitation of the home. • As the work progresses, when the contractor wants to be paid, he calls for inspections from the Miami -Dade Housing Agency inspector. The inspector must approve of the work, as must the homeowner, before any check request will be processed to pay the contractor. The inspector gives the check request to the closer at MDHA, and within 2 weeks, the check is received and given to the inspector. He, in turn, gives it to the contractor. (The check is payable to the contractor.) • As the job progresses, additional draws are requested, inspected and paid. Before the final draw can be paid, the Building & Zoning Department must inspect & approve the job (as well as the inspector and the homeowner). The final draw finishes paying for all of the contracted work. • Once all work is completed, the loan file is transferred to the Servicing Department. If the applicant is to make monthly payments on the loan, the payments begin now. (If the loan payments are deferred, then no payments are due.) • The Rehabilitation Loan has been completed / the contracted work has been performed. Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305) 250 -5238, Fax (305) 250 -5246; Monday - Friday, 8:00 - 5:00. Page 4 of 4 Rehabilitation. Loan Program Fact Sheet: • Miami -Dade County has a loan program to help low - and moderate- income people repair their homes. • The program is known as the Rehabilitation or Rehab Loan Program. The Miami -Dade Mousing Agency (MDHA), through the Development and Loan Administration Division (DLAD), administers the Rehab Loan Program. • Participation in Rehab Loan Program is based on the availability of funds; the program is subject to change without advance notice.] • Safety and /or sanitation issues are addressed by the loan. Structural, electrical & plumbing items are the most common items that are repaired. • Common examples of repair include: • Roof repair. • Electrical system repair. • Kitchen, bath & appliance repair. • Air conditioning repair. • Septic system or sanitary sewer system repair. • Loans are made only to bring the property up to current South Florida Building Code standards. Additions, remodeling and home improvement projects are not allowed. • The loans are made only for what is required to bring the house "up to code ". The maximum loan amount generally is $20,000.00. If it only takes, for example, $8,500.00 to bring the house up to code, then the loan will only be for $8,500.00, not for $20,000.00. • Anplication information follows: • Applicants are served based on a first -come, first - served basis. • Rehabilitation applications can be received by calling (305) 250 -5238. To request assistance in completing the application, call (305) 547 -5444; call TDD (305) 250 -5256 for the hearing impaired. • Applications are mailed to the Applicant Leasing Center (ALC). Confirmation of receipt of applications is available by calling the ALC's Automated Telephone Response System at (305) 644 -5111 or by calling (305) 644 -5125 and providing the applicant's social security number. The system advises the caller of the ranking on the waiting list for the Rehab Loan Program. As more applicants are processed by the Miami -Dade Housing Agency, everyone else's ranking decreases (ranking 100 may become 75). • Property qualifying criteria follow: • Applicants must live in Miami. -Dade County, Florida. • Their property must be a detached, single family residence (duplexes, triplexes, pre- fabricated homes, mobile homes, condominiums & townhomes are not allowed). • Applicants must be on title (they must own the property / it must be, listed in their name). o The property must be their primary residence (their home). Tax records must show that the property has a homestead exemption. • The property cannot have a tax - assessed value of more than $145,000.00. • The property must have been owned for 1 year prior to the.date applying for the Rehabilitation Loan. The property must have been used as the primary residence for the year prior to applying for the Rehabilitation Loan. Income qualifying criteria follow: o Applicants' total household income must be considered "low- or moderate - income ", as follows: ■ For 1 person, he / she cannot earn more than $44,280 per year. ■ For 2 people, they (together) cannot earn more than $50,640 per year. ■ For 3 people, they (together) cannot earn more than $56,880 per year. ■ For 4 people, they (together) cannot earn more than $63,240 per year.. ■ For 5 people, they (together) cannot earn more than $68,280 per year. ■ For 6 people, they (together) cannot earn more than $73,320 per year. ■ For 7 people, they (together) cannot earn more than $78,360 per year. ■ For 8 people, they (together) cannot earn more than $83,520 per year. Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305) 250 -5238, Fax (305) 250 -5246; Monday - Friday, 8:00 - 5:00. Page 1 of 4 (Rehabilitation Loan Program Fact Sheet continued) • Credit qualifying criteria follow: o Applicants must be up -to -date with their mortgage payment(s) and with their real estate taxes. Applicants cannot have any foreclosure action pending. • Homeowner's insurance criteria follow: • Applicants must have homeowner's insurance. • Flood and /or windstorm insurance is required if the property is in a flood- or windstorm - designated area. • Procedures and information for the actual rehabilitation of the property follow: o The Rehabilitation loan program provides the financing only. o Applicants must select their own contractor. The contractor must be licensed and registered in Miami -Dade County. The contractor must carry general liability and worker's compensation insurances. ■ Any disputes with the contractor are between the homeowner and the contractor;. the county is not involved. ■ If necessary, the homeowner can "fire" the contractor & hire a different contractor to complete the job. ■ Alternatively, the homeowner can elect to be his /her own "owner /builder" and act as his /her own contractor. o An inspector from Miami -Dade County contacts the homeowner and prepares a "work write -up ", or a list of what the owner wants to have fixed in order to bring the property up. to code. Remember, the items covered by the rehab loan are limited to structural, electrical or plumbing repairs; or other repairs that affect safety or sanitation. ■ The write -up describes the work. It lists the damaged item and the cost of the material(s) to repair or replace it. ■ The write -up specifies the cost of materials for the job, and to that figure adds up to approximately 25% to cover overhead, labor and profit. There are two versions of the write -up: one is for the inspector that specifies the costs of the materials, and one is for the contractor that does not specify any costs. ■ The applicant is given 3 copies of the contractor - version of the write -up (the one that does not specify any prices). These are to be given to 3 different contractors to use in preparing 3 different written estimates. ■. The inspector must approve the contractor for the homeowner to use him ■ The homeowner gives a copy of the contractor's written estimate to the inspector. The contractor's estimate. which comes in closest (meaning within 10% or so) in price to the inspector's- version of the write -up (the one specifies the price) is approved. The contractor is approved providing of course, that the contractor is licensed, insured, and is the first choice of the homeowner). o Contractors are paid through a "draw" process. As the job progresses, the contractor is paid for each part of the job that has just been completed. ■ Inspections are required for the contractor to be paid. ■ CAA (Community Action Agency) [or: any other entity authorized by the Miami -Dade Housing Agency to act on their behalf] manages the inspection aspect of the job. ■ Applicants must approve the quality of the work for each draw request to be processed. If the homeowner is not satisfied with the quality of work, then he /she is to ask the contractor to correct the work until it is satisfactory. The Final Draw Request or Final Payment must also pass a Final Inspection from the Building & Zoning Department. Contractors guarantee their work for a 1 -year period. Roofs are guaranteed for 5 years. Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305) 250 -5238, Fax (305) 250 -5246; Monday - Friday, 8:00 - 5:00. Page 2 of 4 (Rehabilitation Loan Proaram Fact Sheet, continued) Loan information follows: • The loan term is 20 years. • Loans can have a 0 to 6% interest rate, .depending on each case. • If applicants are 62 years old or older, or are disabled, loans may be deferred (meaning no payment is required), and /or may be forgiven after 10 years, again depending on each case. o Disabled applicants are referred to Miami -Dade County's Disability Services And Independent Living Division ( DSAIL). DSAIL verifies the applicant is disabled, and needs disability - related repairs to his or her home. DSAIL offers the applicant the choice of a certified consulting company or Environmental Accessibility Consultant (EAC) that specializes in providing barrier -free living consulting services for the disabled. The consultant's objective is to help one remain as independent as possible. The consulting fee may cost up to $3,000 and is included in the Rehab Loan. o If an applicant refinances, changes title, rents, uses the property as a second or vacation home, sells the home, or no longer uses it as his /her primary residence, then the loan is to be paid in full. An overview of the Rehab Loan process follows: • The Finance Advisor sends a letter to the applicant, requesting he / she make an appointment to come in and see the Finance Advisor. • It is imperative that the applicant respond to the letter within 3 weeks of the date of the letter! Otherwise, his /her application will be cancelled due to non- response. • The applicant must bring the following items when seeing the Finance Advisor: ■ Recorded Warranty Deed. ■ Current Property tax assessment bill. ■ Most recent 2 years' income tax returns, signed, with all W -2 forms. 2 recent pay stubs from job or Social Security, retirement pension, disability, etc. ■ Profit and Loss Statement if self - employed. ■ Current mortgage monthly statement. ■ Copies of school records & birth certificates for all dependents. ■ Copy of Homeowners Insurance Policy and if applicable, Windstorm and Flood insurances. • The Finance Advisor pre - qualifies the applicant. • The Finance Advisor requests.an inspector see the applicant's home and prepare a work write -up. The write -up is a list of what the owner wants to have fixed in order to bring the property up to code. The items covered by the rehab loan are limited to structural, electrical or plumbing repairs; or other repairs that are related to safety or sanitation. Remodeling, additions and /or home improvement projects are not allowed. • Once the write -up is completed, the Finance Advisor receives a copy and the homeowner receives three copies (the applicant receives three copies of the contractor- version of the write -up without any prices specified). • The Finance Advisor prepares the file to be underwritten. After the underwriter approves the loan, a Commitment Letter (that is valid for 6 months) is sent to the applicant. The Commitment Letter lists the terms and conditions of the loan. All conditions must be met in order for the loan to be made (oftentimes this means the applicant is requested to bring one or more additional items to the Finance Advisor before the loan is allowed to close). • The homeowner uses the three copies of the contractor- version of the write -up to get three different contractors' written estimates. The contractors selected must be licensed and insured. The contractor whose price comes in closestwithin 10% of the inspector's total for the job is approved by the inspector. • Once the contractor is approved, the homeowner & the contractor must sign a contract. The inspector advises the Finance Advisor that from the inspector's rehabilitation perspective, the homeowner is ready to close ("closing" is when the Finance Advisor and the homeowner meet & sign the mortgage, note and other closing documents; until the closing takes place, no actual repair work can begin on the home). Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305)250 -5238, Fax (305) 250 -5246; Monday - Friday, 8:00 - 5:00. Page 3 of 4 CRehabi/itation Loan Program Fact Shee t. continued) o The homeowner is to contact the Finance Advisor at once, requesting a review. of their file to see if everything is ready to schedule a closing appointment. If any additional documents are required, the Finance Advisor will tell the homeowner. If the Commitment Letter has not expired, then all the documents that are needed should be listed on pages 1 and 2 of the Commitment Letter that has already been mailed to the homeowner. o When all conditions are received by the Finance Advisor, and the file is ready to schedule a closing appointment, the file is given to the Closing Department. The Closer will call the applicant to schedule a closing, which is when the applicant signs the Mortgage, Note and other loan documents. • Once the applicant's loan is "closed ", then the inspector and the contractor are notified that the work can proceed for the rehabilitation of the home. • As the work progresses, when the contractor wants to be paid, he calls for inspections from the Miami -Dade Housing Agency inspector. The inspector must approve of the work, as must the homeowner, before any check request will be processed to pay the contractor. The inspector gives the check request to the closer at MDHA, and within 2 weeks, the check is received and given to the inspector. He, in turn, gives it to the contractor. (The check is payable to the contractor.) • As the job progresses, additional draws are requested, inspected and paid. Before the final draw can be paid, the Building & Zoning Department must inspect & approve the job (as well as the inspector and the homeowner). The final draw finishes paying for all of the contracted work. • Once all work is completed, the loan file is transferred to the Servicing Department. If the applicant is to make monthly payments on the loan, the payments begin now. (If the loan payments are deferred, then no payments are due.) • The Rehabilitation Loan has been completed / the contracted work has been performed. Miami -Dade Housing Agency; 2103 Coral Way, 7th Floor; Miami FL 33145 -2633; Ph (305) 250 -5238, Fax (305) 250 -5246; Monday - Friday, 8:00 - 5:00. Page 4 of 4 c° y O o° �• .................. o 'b ... 91 0 0 g• :7 •t -1 H r4 O C J ►~• • 0. •a .�.. r' • 0 to O � � � 'O -• 0 rb R �9 y" Q �' pw p O o C \ y �• a '^ 0 a `� �; ta. p S� O SR .O�` 00 �• Crpc � s�i � O 'p � � � w �' � " y �R � C' n � 'O � nCi' A. �.. � t+ AiS � O 0. Cn ° - h ' y, q. 07 �, , + • . 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N0 � 0 1G CD n " O b ° w • Py . 9 e6 ° ° i .° C, " im O n p o &..a c o tra o, '` 3, b ' . a `•o^C ^, �a' . @ o ,°^� ro a PO p.• O cOn o p iKO O C' ?', o. �C' - .r 0• b O CD p" p v, C3, to y ro ., r•ti �. ra •� rco cn' aq L° o 'Zt. O' ro ea ►°t• ZOA WO 8098 Ht 908 xvd TMT NOW IOOMO /TO soon Making our Neighborhood a Great Place to Live Work and Ploy' CITY OF SOUTH MIAMI INTER - OFFICE MEMORANDUM To: Honorable Chair and SMCRA Board • From: Maria Davis • SMCRA Executive ' ector Date: January 10, 2005 Subject: Agenda Item # T451-- CRA Board Meeting 01/10/05 Mom & Pop Grant Program INFORMATION ON THE MOM '& POP GRANT PROGRAM AND DEAD LINES. INFORMATION IS ENCLOSED. ux a Y M,Oney Avgilable! Up To $10,000 Per : AppEcatlons: being 4ccepted January 6, 2005 throuGh januar y..219 2005 S Op By: South Marini CRA — 6130 SW Sunset Drive Contact: Janes mcCant Phone: (305).688-7237 ®r "Urban Empowerment Corporation - -3672, Grand Avenue. Contact: Yvonne McDonald Phone: (305) 446 -3095 Deadline for .applications: 5:001'M, January 21, 2005 . Return 4pplication.16: So: Miami CRA of Urban 1✓nmipovvergnent Coap. . Tor additional nnnfonnation contact : ids. Finney,-3.0-'756-15-3 7 Nei hbors,And Nghbbrs Association' (NANA) MOMAND POP STVUiL BUS SS GRANT PROGRAM y BEEF I+ S'T'ORY F.Y. 199912000: Neighbors And Neighbors Association (NAISTA) created the Mom and Pop .Grant Program .in September 1999 under the direction of Chairwoman Dr. Barbara Carey- Shuier, Dade: Board of County Commission. The program was developed because of her sincere desire to address the State of Emergency in her district,. which is the most underserved area of Miami -Dade County. A total of $50,000 was made available for small businesses in District 3. It was stipulated that the funds could be used for business activities only. As a result of the program's. success, an additional $22,000 was added to the initial total. FY 2001/2062: Commissioners DorrinRolle (District 2) and Bruno Barreiro (District. 5) provided. $150,,000 each for businesses in their respective districts. Over 60 businesses received funding through the program and the name was changed appropriately to the Mom And Pop Small Business Grant Prom. F If 2002/2003: ` Commissioners Barbara Carey Shuler (District 3), Dorrin Rolle {District 2), Bruno ~ Barreiro` (District 5), Jimmy Morales (District 7) and ' Dennis Moss (District 9) approved a combined, total of one - million dollars for. the program. This- amount was distnibuicd to more than 177 qualified businesses in their respective districts. FY 2003/200•: Since the popularity-of the program increased considerably; it was expanded to include all 13 districts and is now acknowledged. as .a. countywide program. A total of $1.3 - million was allocated to the Mom 'And Pop Small Business Grant Program. for distribution during the .fiscal year and more'than 350 business ovmers benefited. directly. Grant guidelines ,allowed. for more .flexibility and, businesses were. allowed to use the- funding for. � the follow hig:.ptgrthase imtntoiy /supplies, business egwpment, ' physical" marlcetingladverdsing, , sec t' ,systems, commercial liability insurance, and minor interior /exie.'ior renovations. FY 2004/2005: The .program, is, well ,established imd has been successfill m receiving general ;Funds again. iZecipients wilt have : access to the , same amount of ceding ($13 rnWbn);as.in.the previous year. .DANA., as th6 program originator, continues to play an. integral part: anti "provides -technicg assistance' to recipients, ., avhfie. w64 6g-, closely With the. districts, Selection Coi�itte° Tvlembers . and the.lvlaamiDade; County Taslt f orce on Urban and Economic devitalization to help.cfiitate the'overall process. ,. . . " MOM AND POP SMALL BUSINESS GRANT PROGRAM ]BRIEF DESCRIPTION The Mom And Pop, Small. Business Grant Program was created to provide financial and technical assistance to qualified small businesses that are approved for funding. ' This program' has allowed small owned and operated businesses the opportunity to interact with local government under favorable conditions, and this relationship will ultimately bridge the. gap between' the ' two entities: _. ® The program provides financial. assistance to further the economic viability of recipients. Funding can be used to purchase equipment, supplies, advertising/marketing, inventory, building liability insurance, security. systems and to make minor renovations. . ® Technical assistance is made available to small businesses in order to create a better working and business environment, promote .economic development opportunities, educate owners about various . county - funded programs and . • projects, form/foster better working relationships among small business owners, retain and eventually create more jobs, offer the' necessary training, that small business owners so desperately need to become more efficient and* competitive, etc: The program has grown each year..and is now being offered countywide. As a result, we recognize that the needs of: each district are difiFerent and our. goal is "to address this diversity. Please . be .sure to pick up the appropriate - application. In order to receive the. correct guidelines and be ' considered for, funding,: you must apply in the district•wher ' your business is •located::To locate your district, refer to.'the enclosed map or visit www.mn ami -dade. gov _ on. line,, click on find a service and click on maps: I Y qom and Pop Small Business Grant Program "Miami -Dade Coupty District 7 FY 2004-2005 GUIDELINES Commissioner Carlos Gimenez's Mom' and Pop Small Business Grant Program is offering applications to qualified businesses. All businesses must be located in District 7, within targeted disadvantaged neighborhoods and meet the following criteria: ; 1. Must have been in existence for at least one (1) year (include. proof). 2. Cannot have more than seven (7) employees. 3. Must not be a part of a national chain. . 4. Must have no more than two (2) businesses. 5. Must submit a current Miami -Dade County Occupational License at time of'application. . Business name. on application must match one on license (include copy). ; 6. Must be located in South Miami or Coconut Grove. 7. A physical address is required. No P.O. Box as mailing address allowed: 8. Applicant must. apply in district where business is located. 9. Home -based businesses may, apply. f ' 10. Applications will not be accepted after deadline. 11. Only one application per business. ' j 12. Must not have a delinquent loan with Miami -Dade County or any County funded ' department or agency. 13. Prior Recipients can apply. • . • 14. Non -profit agencies need not apply. 15. Application must, be typed or printed only. ' 16. Applicant must sign and submit all requested documents. 2 Mandator i Meetings All businesses that apply for funding -must attend a 2 -hour meeting, which will explain the program requirements. All. questions will be answered at that time. Attenndi ng . the preliminary meeting does not guarantee that yoix will receive funding. However, if you do not attend the meetiBne, you may be disoualified. Please attend the following: 6:30 P.M. — WEDNESDAY, JANUARY. 19, 2005 Prankie S. Rolle Neighborhood Center 3750 So. Dixie Hwy, Run. 115, Coconut Grove Mandatory Worksholps Guidelines for the Mom And Pop Small Business Grant Program require -that each approved recipient attend- a certain, member of business training courses. These . courses are offered for your convenience at no cost. It is very important -that. you attend the workshops and: complete the specified amount of courses. Otherwise, you may -be. disqualified fiom tine, program. - . District 7 FY 2004 -2005 Mom and Pop-Small Business Grant Program DISTRICT a Mom . -and Pop Beall Business .Grant Program - Miami -Dade .County APPLICATION (Please print or type) •I. Business Information Owner(s) Name Business Name (as it appears on license) Business Address (as it appears.on License) ®wner's:Home Address City Zip Code , District # /Commissioner (where business located). Business Phone Type of business you operate _ Amount of funding requested II. Proerain Usage I would like to be''considered for financial assistance to address tine Mowing need(s): (Note: Select a mw muyn of 3'areas only,) _ ®.. - InventoirY / Supplies E3 Business .Equipment `.. 0 -Marketing/ Advertising - Q Coillmercial Liability Insurance , E3 Mimi' interior 1Renovations/External Renovations= ®' Secu' city System ; District 7 ]Business owners are required to provide the fbllowing iaaformaatioaa :. 1:: Howl long have you been in business? Number of years months 2.. Have you received a Mom & Pop. Grant in. the past? Yes No 3. Have you ever applied for the loan & Pop Grant before: Yes No 4. - If yes, how much funding did you receive? $ 5. Do you have. a current Dade County Occupational .License? Yes No 6. If yes, please attach a copy to application? Copy attached? Yes No 7. Are you or any of the shareholders employed by N iami -fiDade County? , Yes No - S. If yes, what departmeint? - 9. Have you ever applied for a load? Yes No 10. If yes, with whom? 11. Was the loan approved? - - Yes No 12. Do you have a past due loan with the County or any County funded department or -agency? Yes No 13. If yes, with whom? 14. Will you be contributing any funding to the project? Yes No 15. If yes, how much? 16. Do you own the building that you occupy?. Yes No 17. Are you willing to participate in Business 1Developuaeant,Traianing workshops ?.' Yes-.. District 7 18. Number of employ W. — 'Full -time: Part-time: 19. Please provide the following information regarding your current employee(s):- NAMIE HOAM ADDRESS ZIP CODE White/Black Hispanic / Other Male / Female lease Circle) WBHO M/F WBHO M/F WBH0 MN WBHO M/F WBH® M/F WBH® W WBHO M/F If approved, please explain how you ktend to use the funding? K 6. SAP, - LE' COPY OF I', AM —DADS CCU=,,- OCCUPATIONAL MCFASE alWaff -DAVE couxTP 2004 Oi:1rJPAMONAL LICENSE-TAX 200.5 FIRST-CLASS TAX gLLECTOFD _. 1 IA8CE -DAOS (xIiJMY =STATE OF Fi:ORIDA U.S. POSTAGE ' 140 W. FLAGLEi ST ECPIRES SEPT 305; 2005 . , • .. PAlli 14th FLOOR MIDST BE DISPLAYED AT PLACE OF BUMESS MIAMI, FL 3,x130 pURSUAr° r TO cowry CODE cHAPTER 8A- Am s & io _ ��' � PEA NO. 231 a aS IS NOT A ELL-P.0 UOT PA 469260=5. RENEWAL 13USUGMS NAMILOCAMON LICENSE NO. ' . 490018-0 NEIGHBORS 3 NEIGHBORS €1SSOCIAT113H INC 180 NO 62 ST ' . 3 33150 MIAMI ' Owrei NEIGHBORS B NEIGHBORS ASSOC INC _ sec. Type at Budnass EMPLOYEES ' 215 INSTRUCTION/TRAINING/TUTOR 7 TAX Way. jr 3f085 aar . ram. ME acomm'm vrmxm .Aar rc - trEarrAaraar air aommui X. aF TfIE ommnr cm DO iN(7A• FoAWA190 I:R=Aararnerrar an pa=r nth er . raw ABS T a WOr A NEIGHBORS A NEIGHBORS ASSOCIATION INC 180 HN 62 ST 03T COLLECU M - MIAMI FL 33150 09/29/2004 j ]] )) aI SS jg ((' j} qq •� {{ 000045,-M0 fi 33313333 39i 3i i3s3 ii97 i73333J1J33 3f J3 3S7733i173�t Sa:= 67i'1£_ri SIDS 1PILEMIE ATTACEI tC(D]?Y (07 Y(OU R rCUi. R � I\ ' IICENSE EER Maini-Dade County - Disttict 7 District 7 Search: "a B a D I =9-19; b'D 6 S 9 Page I of 2 VBal=k to Commmissloners lHorne Page TOP OV I COMI-rissioner--Hame- I About I qq spa q' - I Qg& da I Coo nmissior -Age,nda and Mflnu Soonsored Legislation I Search Leo sialflon- dress t eeess s I LNe ffulte its DistrictMa i Fhwmqal Ilqq is my mp�ssione, 1, BCC_- -H-p-me - District ___p Lq!y I V- ---- - -Oom I -- - Home j UsIng Our Site I Aot I P )-pn- e �irectwlv I Rn L S Di cl i n http://www.co.miami-dade.fl.us/district7/Map-htm a r 1/2/2003 "14 6 gjpp A :,,sl f...... COMI-rissioner--Hame- I About I qq spa q' - I Qg& da I Coo nmissior -Age,nda and Mflnu Soonsored Legislation I Search Leo sialflon- dress t eeess s I LNe ffulte its DistrictMa i Fhwmqal Ilqq is my mp�ssione, 1, BCC_- -H-p-me - District ___p Lq!y I V- ---- - -Oom I -- - Home j UsIng Our Site I Aot I P )-pn- e �irectwlv I Rn L S Di cl i n http://www.co.miami-dade.fl.us/district7/Map-htm a r 1/2/2003 E_. Co— LL ..SW...647H° . �. Imo`.- i _)_ + i ; ! , �___.__;_�.�1 �_ • ' ..� r + : -� r-- ....�j _. ; f _._�__..; i t--� ' i '•-� � �','_--I �� Y-i- -� r._._ _.�'"" 'tni— .-i•— .- {u�- --�-•- -fit �t�+ � --i--�a, 0)1 ��--i 'T_4 r` �•_ —`t'_ + - fit`_— `_ _ v jai G�— .i.__ri__1 _<' D _ _ ..... � :... "Aw" . :8H �T3V.68. _. _ S6T qT ZA S� j + i j "71 1 0. 1 _ . too � sn � ca c —wi %1aking our Nagt whood a C4wPf= to Lim Work and Pk}� CITY OF SOUTH MIAMI INTER- OFFICE MEMORANDUM To: Honorable Chair Date: January 10, 2005 and SMCRA Board From: Maria Davis `/ Subject: Agenda Item # ;SMCRA Executive D' ctor �� CRA Board Meeting 01/10/05 Wounded Healers � r I P DECEMBER 28,2004 WOUNDED HEALERS,INC. STATUS REPORT: 12103/04- 12115 /2004 EDUCATION: ACCOMPLISHMENTS 1 Three students Shaneika Gurley,Jacqueline Canidate & Louis Shackelford are enrolled at Mattie Koonce Learning & Tech Center located at 245 NW 8 Street,Miami,Florida 33136 Attending Monday thru Thursday 10:30 -1 :00 (daily) EMPLOYMENT: ACCOMPLISHMENTS 2 WOUNDED HEALERS have gainfully employed 12 citizens from the CRA area. Further accomplishments are: Mr.VUillie D.Litmon,Lic Paint Contractor instructed a "HOW TO PAINT WORKSHOP" Since the workshop we have successfully completed two homes Mrs Ruth Williams,daughter of Marshall Willamson Mr. Robert Wilson,a disable veteran Wounded Healers also partnered with the Director of Construction for Oxford Universal Design and Build,Mr.Ray Casais. We were able to provide one worker with concrete /masonry skills with the Medical Building Project off of 72nd Street EMPOWERMENT: ACCOMPLISHMENTS 3 Anynya Jones has her High School Diploma and has presently signed up for Miami Dade College to start in January 2005 DECEMBER 28,2004 WOUNDED HEALERS,INC. STATUS REPORT: . 12/03/0442/15/2004 EDUCATION: MONTHLY STIPENDS SUMMARY OF ALL PAYMENTS MA[ 1 LOUIS SHACKELFORD SHANEIKA GURLEY JACQUELINE CANIDATE EMPLOYMENT: )E THRU 12/15 50 100 100 250 .SUMMARY OF ALL EMPLOYED THRU 12115 2 SEE SPREADSHEET ATTACHED WITH EMPLOYEE NAME, EMPLOYEE DATE OF PAY,HOURS WORKED & AMOUNT PAID TOTAL PD THRU DEC 15 1864.64 SEE BREAKDOWN OF ALL EDUCATIONAL STIPEND PMTS,CONTRACT LABOR PMTS AND MISC EXPENDITURES TOTAL PAYMENTS FROM DECEMBER 3- DECEMBER15 3281.24 EDUCATIONAL STIPENDS STUDENTS:GED PROGRAM MATTIE KOONCE LEARNING &TECHNOLOGY CENTER MONDAY THRU THURSDAY 10:30 A.M. TO 1:00 P.M. LOUIS SHACKELFORD CHECK NUMBER 1008 50.00 SHANEIKA GURLEY CHECK NUMBER 1009 50.00 1028 50.00 JACQUELINE CANIDATE CHECK.NUMBER 1010 50.00 1027 50.00 250.00. THIS STIPEND IS GIVING TO HELP WITH TRANSPORTATION TOIFROM THE LEARNING CENTER AND IS AN INCENTIVE TO KEEP THE STUDENTS INTERESTED IN ATTENDING CLASSES EMPNAME ANYNYAJONES REV GEORGE HALL NATISHA CAPERS RICKY MCKNIGHT BRIAN DAVIS LOUIS SHACKELFORD ROSLYN SUMPTER WILLIE D.L'ITMON DERRICK HOLLIS CHARLES;DUPREE TALVADGE KEY DAVID STOKES DEC3 -DEC15 SUMMARY :CONTRACT LABOR PAYMENTS DECEMBER3- DECEMBER15 AMT PAID 326.90 190.50 .400.00 171.50 150.50 70.00 77.00 180.00 45.50 116.24 94.50 42.00 . 1,864.64 i� WOUNDED HEAI.ERS,INC, DECEMBER 3- DECEMBER 15 CONTRACT LABOR PAYMENTS ANYNYA .GEORGE NATISHA RICKY BRIAN LOUIS ROSLYN WILLIE DERRICK CHARLES TALVADGE DAVID JONES �,�, CAPERS MCKNIGHT D= SMACKELFORE SUMPTER Q,LrfM0 1Fif LLIS DUPRE STOKES CK DATE 122N4 12=04 12!2/2004 12/272004 JOB DESCRIPT WH SECRE TEAM LOR WH CUST LABORER LABORER LABORER CLERK -W.H PAINT CONT LABORER LABORER LABORER LABORER CK # 1004 1005 1006 1007 HRS 19 SAL 14.50 11 PPE 12/3/2004 12!32004 12/32004 12/32004 NET PAY 133.00 200.00 101.50 77.00 CK DATE .' 12!92004 12/92004 12/92004 12!92004 12198004 12/92004 12/92004 12192004 12192004 12192004 12192004 CK# 1023 1016 . 1024 1017 1025 1018 1015 1019 1021 1022 1020 HRS 27.7 19.5 SAL 24.50 7 10 18 6.5 16 13.5 6 PPE 12/102004 12/102004 12/108004.121102004 12/102004 12/10/2004 12/102004 12/1012004 12/10/2004 12/102004 12/102004 NET PAY 193.90 190.50 200.00 171.50 49.00 70.00 180.00 45.50 116.24 94.50 42.00 CK DATE CK# HRS, PPE NET PAY CK DATE CK# HRS PPE NET PAY CK DATE CK# HRS PPE NET PAY ' TOTALS 326.90 180.50 400.00 171.50 150.50 70.00 77.00 180.00 45_50 116.24 94_50 4200 JOB DESCRIPTIONS ANYNYA JONES- WOUNDED HEALERS - SECRETARY ROSLYN SUMPTER - WOUNDED HEALERS -CLERK GEORGE HALL -TEAM LEADER/HANDYMAN INSTRUCTOR WILLIE ^.LITMON- LICENSED PAINT CONTRACTOR NATISHA CAPERS-WOUNDED HEALERS- CUSTODIAN DERRI(.KHOLLIS- LABORER RICKY MCKNIGHT- LABORER CHARLES DUPREE- LABORER BRIAN DAVIS - LABORER TALVADGE KEY - LABORER LOUIS SHACKELFORD- LABORER DAVIS S I LIKES- LABORER i� '1 M 511.50 PPE12103 1353.14 PPE12110 1,864.84 EQUIPMENT PURCHASED 12/9/2004 PURCHASED PRESSURE CLEANING 496.71 (SEE ATTACHED COPY OF INVOICE FROM HOME DEPOT) �X X7CVJXJVOX70V�JW rn cnNtn+.<n.�tnns fl -{ X Z o2aa nza m ►-� o__, 11 v X. to o r� ca to w Cn o � m Kaoc °' ma Cn c*1 o nr- Ul O 31 V at Z CD O ) Ch rx -i cn cn a camxam0 0) CO -+Q N.�.... rnarrw= � z z� o Lnx NZ nA� �.......` xr- WJ�� y; bo wrn Y rtZ'Om Cn-"O Nf�R rt Cy>rn ao+�. Vt co tTttT)CDF,(1 ,:L "N ",, \ V W a O Dl w -i VVm14CDwNaNaV 0 Co Nc�u (SEE ATTACHED COPIES OF INVOICES) 271.17 THE HOME DEPOT 6 -Dec MISC SUPPLIES 266.60 1217/2004 MISC SUPPLIES 63.72 10 -Dec MISC SUPPLIES 59.58 (SEE ATTACHED COPIES OF INVOICES) 389.90 MISC EXPENDITURES 7 -Dec ACE AMERILUMBER 4.24 6 -Dec MOBIL GAS 4.58 (SEE COPIES ATTACHED) . 8.82 TOTAL SUPPLIES PURCHASED 669.89 WOUNDED HEALERS ,INC SUPPLIES PURCHASED SHERWINN WILLIAMS 7 -Dec PAINT SUPPLIES 22.29 14 -Dec PAINT SUPPLIES 229.89 15 -Dec PAINT SUPPLIES 18.99 (SEE ATTACHED COPIES OF INVOICES) 271.17 THE HOME DEPOT 6 -Dec MISC SUPPLIES 266.60 1217/2004 MISC SUPPLIES 63.72 10 -Dec MISC SUPPLIES 59.58 (SEE ATTACHED COPIES OF INVOICES) 389.90 MISC EXPENDITURES 7 -Dec ACE AMERILUMBER 4.24 6 -Dec MOBIL GAS 4.58 (SEE COPIES ATTACHED) . 8.82 TOTAL SUPPLIES PURCHASED 669.89 f►. 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PO BOX 431291 MIAMI, FL 33243 1291 6405 -14907 5 GAL ABW51 A100 EX FL EXA 5.00 @ 18.99 Color: SV6630 POSY C B e d- - Color OZ 32 64 128 R4 Neu Red - 15 - - +Y3 Deep Gold - 30 - Fornula.,Book 6403 - 33720 GALLON A82Y55 A100 EXT SA LT YEL 1.00 @ 19.99 Color: SV5345 SUMPTUGUS PEACH BAC Blend- s -C or OZ 32 64 128 R3 Magenta 3 - - R2 Maroon - 10 - - Y3 Deep Gold 5 - Formula Book (305)667 -1638 Fax (305) 667 -1655 www.sherwin- williams.com SALE Tran # 5005 -6 E11/10828 EVELIO 8 :42a1 12/07/0• 1 ST JOHN AFRICAN METHODIST Account 9521- 0593 -0 Job 1 ST JOHN AFRICAN METHODIST t�11 To: ST JOHN AFRICAN METHODIST EPISCOPAL CHURCH PO BOX 431291 94.95 MIAMI, FL 33243 1291 (305)665 -1191 19.99 6403- 15982 5 GAL A20100 processed for 10 days or until the LOXN CONDITION CLR- ck clears your bank. 5.00 @ 22.99 114.95 lature Date Thank You - - --------- required for refund l ��CCIC�CI�I�IIIG�CI�illl�l�� (Cll�l�l�� 154645-12-15-2004*. Custoser Copy Order.# OE000587642667 SUBTOTAL . 229.89 No Tax SALES TAX('4- 09130) 0.00 VISA - 229.89 C /C# XXXX -XXXX- XXXX -1182 Auth 2952 # 110984 TOTAL $229.89 Customer Signature Date --- Thank You --- - - - - -- receipt required for refund IriC6JalVb,El'IClil I �'I Il'��11�91� 1�11� 1��GIt�l llll� 903 -8142 EACH 12X100 .4 MLHD PLAST 1.00 @ 6.29 6. 733 -1309 GALLON VWP TEXT KNF GRADE 1.00 @ 16.00 16 SUBTOTAL 22 No Tax SALES TAX(4- 09130) 0 CHECK# 1012 -22 TOTAL $22 Returns cannot be Processed for 10 days or until I check clears Your bank. Customer Signature - _, - D -- - - - - -- Thank You -------- receipt required for refund I��l��i�� ►��ii��l��iw�I�� *10828/50056 12 -07 -2004 Custerer Copy .1 MIAMI -SOUTH Store2687 R 6232 S DIXIE HWY SOUTH ±MIAMI; FL 113143 (305)667 -1638 MIAMI =SOUTH Store 2687 Fax (305); 667 -1655 wwt-j.slierviin- iuilliams.com 6232 S DIXIE HWY ;. 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PO BOX 431291 MIAMI, FL 33243 1291 6405 -14907 5 GAL ABW51 A100 EX FL EXA 5.00 @ 18.99 Color: SV6630 POSY C B e d- - Color OZ 32 64 128 R4 Neu Red - 15 - - +Y3 Deep Gold - 30 - Fornula.,Book 6403 - 33720 GALLON A82Y55 A100 EXT SA LT YEL 1.00 @ 19.99 Color: SV5345 SUMPTUGUS PEACH BAC Blend- s -C or OZ 32 64 128 R3 Magenta 3 - - R2 Maroon - 10 - - Y3 Deep Gold 5 - Formula Book (305)667 -1638 Fax (305) 667 -1655 www.sherwin- williams.com SALE Tran # 5005 -6 E11/10828 EVELIO 8 :42a1 12/07/0• 1 ST JOHN AFRICAN METHODIST Account 9521- 0593 -0 Job 1 ST JOHN AFRICAN METHODIST t�11 To: ST JOHN AFRICAN METHODIST EPISCOPAL CHURCH PO BOX 431291 94.95 MIAMI, FL 33243 1291 (305)665 -1191 19.99 6403- 15982 5 GAL A20100 processed for 10 days or until the LOXN CONDITION CLR- ck clears your bank. 5.00 @ 22.99 114.95 lature Date Thank You - - --------- required for refund l ��CCIC�CI�I�IIIG�CI�illl�l�� (Cll�l�l�� 154645-12-15-2004*. Custoser Copy Order.# OE000587642667 SUBTOTAL . 229.89 No Tax SALES TAX('4- 09130) 0.00 VISA - 229.89 C /C# XXXX -XXXX- XXXX -1182 Auth 2952 # 110984 TOTAL $229.89 Customer Signature Date --- Thank You --- - - - - -- receipt required for refund IriC6JalVb,El'IClil I �'I Il'��11�91� 1�11� 1��GIt�l llll� 903 -8142 EACH 12X100 .4 MLHD PLAST 1.00 @ 6.29 6. 733 -1309 GALLON VWP TEXT KNF GRADE 1.00 @ 16.00 16 SUBTOTAL 22 No Tax SALES TAX(4- 09130) 0 CHECK# 1012 -22 TOTAL $22 Returns cannot be Processed for 10 days or until I check clears Your bank. Customer Signature - _, - D -- - - - - -- Thank You -------- receipt required for refund I��l��i�� ►��ii��l��iw�I�� *10828/50056 12 -07 -2004 Custerer Copy m i m >F cn m M-i o-° 00m °cod 3 z m H m C•t �rnZO °�� M"OD�:''R -n OO O * x mm =C)-4 HO= x mo= -noZ j rn i0c) % Cl rn % Z a x o cn -oix c=ites x z- m z = cot o -4 cn o n rn rn m x. 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S a z°15 t' �o cw°.t,x0 p 00 `< o Q .. , rn- � 5 N Co W 1 +N N N , r W �+ J O 1'n cn _ (M cn +n S µ O J tc cs a o cfl to obi Q01 Uli a - _ Cy Qy O QA J W �. �o z rn n C O M G iO �. - to i0 ip i ' 3 rn rrl rn O =•� m of i ' (:U O ty N Na t•.1 Ul Ar rl r I cr 0 O srD xc'I . � iii so i:•. ;., t' ` m `s� m Ln D > p ZmT t_I ^�.• i � C 2001 '�aiJng o rrNagiahortood o GnJNote to u� and P! y CITY OF SOUTH MIAMI INTER-OFFICE MEMORANDUM To: Honorable Chair Date: January 10, 2005 and SMCRA Board From: Maria Davis � Subject: Agenda Item #- SMCRA Executive ector CRA Board Meeting 01/10/05 Attorney's Payment REQUEST A RESOLUTION OF THE CITY' OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY RELATING TO ATTORNEY'S FEES; APPROVING ATTORNEY'S FEES FOR LOTT & LEVINE IN THE AMOUNT OF $428.75; CHARGING THE AMOUNT TO ACCOUNT NO. 610- 1110 - 564 -31 -20 PROFESSIONAL SERVICES LEAVING A BALANCE OF $14,225.25; PROVIDING AN EFFECTIVE DATE. BACKGROUND AND ANALYSIS Attorney Lott & Levine submitted invoices to the CRA for legal services rendered, costs advanced, for the period beginning November 8, 2004 and ending December 14, 2004 in the amount of $428.75 for the sale property to Miss Theresa Sawyer. RECOMMENDATION Your approval is recommended.. 1 2 3 4 5 6 7 8 9 10 11 .12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37. 38 39 40 41 42 RESOLUTION NO. A RESOLUTION OF THE CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT, AGENCY RELATING TO ATTORNEY'S FEES; APPROVING ATTORNEY'S ' FEES FOR LOTT & LEVINE IN THE AMOUNT OF $428.75; CHARGING THE AMOUNT TO ACCOUNT NO. 610- 1110 - 564 -31 -20 SPECIAL REDEDEVELOPMENT LEGAL SERVICE; LEAVING $14,225.25 PROVIDING AN EFFECTIVE DATE.. . WHEREAS, Lott & Levine submitted invoices to the CRA for legal services rendered, costs advanced, for the period beginning November 8, 2004 and ending December 14, 2004 in the amount of $428.75 for CRA matters; and, NOW THEREFORE BE IT RESOLVED BY THE COMMUNITY, REDEVELOPMENT AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA THAT: Section 1. The South Miami Community Redevelopment Agency authorizes payment in the amount of $428.75 to Lott &.- Levine for its. attorney's fees for the CRA land transfer matter relating to Theresa Sawyer. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this ATTEST:. City of South Miami Community Redevelopment Agency Clerk READ AND APPROVED AS TO FORM: Eve A. Boutsis, General Counsel day of January, 2005. APPROVED: Chairperson Mary Scott Russell Board Vote: Chairperson Russell: Vice Chairperson Palmer: Board Member Wiscombe: Board Member Birts- Cooper: Board Member Sherar: • Board Member Bryan: Board Member Cobb: To: From: Date: Re: ,200 "® 1 ,M�.►K/y Making Our Neighborhood a Great Place to Live, Work and Play" MEMORANDUM f JAN 4 2005 I, CRA Board Maria Davis, Executive Director Eve A. Boutsis, General Couns January 5, 2005 Invoice from George Lott for Theresa Sawyer land transfer matter I attach the original invoice number 7107 from George Lott in the amount of $428.75 regarding the Theresa Sawyer land transfer matter. This invoice is reasonable and . necessary and is approved for payment. I also attach the resolution approving payment. Thank you. South Miami Community Redevelopment Agency 6130 SUNSET DRIVE SOUTH MIAMI, FLORIDA 33143 PHONE: 305-668-7236 FAX: 305 - 663 -6345 www.cityofsouthmiami.net LOTT & LEVINE DADELAND CENTRE, SUITE 1014 9155 SOUTH DADELAND BOULEVARD MIAMI, FLORIDA 33156 EVE A. BOUTSIS CITY OF SOUTH MIAMI December 18, 2004 COMMUNITY REDEVELOPMENT AGENCY Reference No. 7.107 3225 AVIATION AVENUE, STE 301. MIAMI, FLORIDA 33133 -4741 For Professional Services Concerning: Matter Number: CITY4.04076 Title: LAND TRANSFER - THERESA SAWYER �. Hours 11/08/04 TELEPHONE CONFERENCE WITH BOUTSIS AND COMMISSIONER SHERARD. 0.40 12/14/04 OBTAINED PROPERTY TAX INFORMATION . FOR NEIGHBORING PROPERTY 6401 SW 59 COURT, UNDER THE NAME OF REGINALD . SAWYER 0.30 12/14/04 REVISED DEED FROM SMCRA TO SAWYER; PREPARED UNITY OF TITLE AND FAXED TO J BOUTSIS. 1:75 Total Hours and Fees: 2.45 $428.75 Matter Summary: Total Fees: $428.75 Total Cost: $0.00 Sub -Total Current Fees and Costs: $428.75 C•ErT: Amount Due: $428.75 iT i 4.iN ti�'"IIY r�'� � .;J'.:r .•..Cl:. w.::7•, ...' ✓' r °1' .r. .:�} tiiv7_hitJ.iJ, _ ir PAYMENT IS DUE ON OR BEFORE JANUARY 7, 2005. PLEASE INCLUDE THE BILL OR REFERENCE NUMBER ON YOUR REMITTANCE. THANK YOU. South Miami All- America City 2001 To: Honorable Chair and Date: January.10, 2005 CRA Board Members From: Maria Davis X1 �S'. ITEM No. Executive Director Re: Phase II Plan Supplement RESOLUTION A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA, RELATING TO .COMMUNITY. REDEVELOPMENT; APPROVING PHASE II PLAN SUPPLEMENT AS A MODIFICATION TO THE SOUTH MIAMI COMMUNITY REDEVELOPMENT PLAN; PROVIDING FOR TRANSMITTING THE PLAN TO THE METROPOLITAN DADE COUNTY BOARDS OF COUNTY, COMMISSIONERS; PROVIDING FOR FURTHER ACTIONS TO. IMPLEMENT THE PLAN; AND PROVIDING AN EFFECTIVE DATE. BACKGROUND Attached is the Phase II Plan Supplement prepared by Iler & Associates under contract with the CRA. The document updates the proposed actions in the CRA Plan and sets forth a future work program to continue the City's CRA. The Plan Supplement must be approved by the CRA Board and by the City Commission before being transmitted to the County. RECOMMENDATION It is recommended that. the Community Redevelopment. Agency Board approve the attached resolution transmitting the Phase II Plan Supplement to the City Commission. Attachments: Draft Resolution DOD /SAY EX R A1CRA Report Phase II Supplement.doc RESOLUTION NO. A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA, RELATING TO COMMUNITY REDEVELOPMENT; APPROVING PHASE II PLAN SUPPLEMENT AS A MODIFICATION TO THE SOUTH MIAMI COMMUNITY REDEVELOPMENT PLAN; PROVIDING FOR TRANSMITTING THE PLAN TO THE METROPOLITAN DADE COUNTY BOARDS OF COUNTY COMMISSIONERS; PROVIDING FOR FURTHER ACTIONS TO IMPLEMENT THE PLAN; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Mayor and City Commission, acting pursuant to the powers vested in it by the Community Redevelopment Act of 1969, which is codified as chapter 163, part III, sections 163.330 through 163.450, Florida. Statutes, as amended, and Resolution No. R1374 -96, adopted on December 3, 1996, by the County Commission of Miami -Dade County, adopted the South Miami Community Redevelopment Plan by Resolution No. 247 -97- 10217, on November 18, 1997; and WHEREAS, the adopted redevelopment plan was transmitted to the . County Commission of Miami -Dade County, to the County Manager and to other responsible county officials; and, WHEREAS, the pursuant to recommendations by responsible county officials, the City of South Miami Community Redevelopment - Agency accepted proposed modifications to the redevelopment plan, transmitted the proposed modified plan to the Mayor and City Commission and recommended to the Mayor and City Commission that the plan be amended to incorporate the modifications. WHEREAS; pursuant to Section 163.346, notice of this proposed action will be given, by registered mail, to each taxing authority which levies ad valorem taxes on taxable real property within the boundaries of the redevelopment area; and, WHEREAS, the Community Redevelopment Areas Phase II Supplement is annexed to this resolution as App. 1; and NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY EDEVELOPMENT AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1. The recitals in the Whereas clauses are true and correct, and incorporated into thi "s resolution. (2) Section 2. The Community Redevelopment Agency Board recommends adoption of the Phase II Plan Supplement. Section 3. The CRA Board finds that: 1. The applicable procedural requirements of chapter 163, part III, Florida Statutes, for modifying and an adopted community redevelopment plan have been met. 2. The proposed Phase II Plan Supplement to the redevelopment plan is consistent, with, and conforms to the City of South Miami Comprehensive Plan. 3. It is in the public interest to adopt the Phase II Plan Supplement to the adopted community redevelopment plan. Section 4. The CRA Board concludes that the proposed South Miami Community Redevelopment Phase II Plan Supplement complies with the requirements of section 163:361, Florida Statutes, and further the purposes of the Community Redevelopment Act and the delegation of authority by the County Commission of Metropolitan Dade County. Section 5. The South Miami Community Phase II Plan Supplement Plan is amended to incorporate the modifications which are incorporated in the plan that is annexed to this resolution as App. 1. Section 6. The City Manager, or her designee, is directed to deliver the modified plan to the City Commission., and to diligently seek approval of the plan. The City Manager, or her designee, and the CRA Board are also directed to take all appropriate actions to implement the plan. And any Anther amendments to the plan, including, without limitation, entering into negotiating for an interlocal agreement between the City of South Miami and Dade County, Florida, relating to tax increment financing and implementing the plan and preparing a redevelopment trust fund document. Section 7. This resolution shall take effect immediately upon approval. The South Miami Community Redevelopment Phase II Plan Supplement Plan, as amended, shall be in full force and effect upon approval by the South Miami City Commission and the Board of County Commissioners of Miami -Dade County. (3) PASSED AND ADOPTED this day of , 2005 ATTEST: APPROVED: CRA BOARD CLERK READ AND APPROVED AS TO FORM: CITY ATTORNEY E:1C R A\CRA Plan Suppl Resol.doc �, ' CRA BOARD: Mayor Russell: Vice Mayor Palmer: Commissioner Wiscombe: Commissioner Birts- Cooper: Commissioner Sherar: Dr. Anna Price Nancy Cobb i City of South Miami Community Redevelopment Area Phase II Plan Supplement (HEARING DRAFT) December 30, 2004 SMCRA BOARD OF DIRECTORS Mary Scott Russell, Chair Velma Palmer, Vice Chairperson Marie Birts- Cooper Craig Z. Sherar Dr. Anna Price Nancy Cobb Randy Wiscombe SMCRA ADVISORY BOARD Lee Perry, Chair Roy Pearson Antoinette Owens David F. Savers CITY MANAGER Maria Davis COMMUNITY DEVELOPMENT Maria Davis, Acting Executive Director Don O'Donniley, Planning Director James McCants, Program Coordinator i CRA PLAN UPDATE - PHASE II TABLE OF CONTENTS TABLE OF CONTENTS 1. INTRODUCTION AND COMMUNITY FEATURES ll. SELECTED DATA AND ANALYSIS UPDATE 3 A. LAND USE AND ZONING 3 B. DEMOGRAPHIC ANALYSIS 9 1. POPULATION ESTIMATES AND TRENDS 9 2. HOUSING 11 3. INCOME AND POVERTY RATES 12 4. EDUCATIONAL LEVELS 15 5. EMPLOYMENT AND BUSINESS 15 C. TRANSPORTATION 16 D. AFFORDABLE HOUSING 21 Ill. CURRENT AND PLANNED PROJECTS 22 - A. MIXED -USE AND RESIDENTIAL PROJECTS 22 B. STREETSCAPE PROJECTS 25 IV. COMMUNITY VISIONING 26 V. RECOMMENDED ACTION PLAN 28 A. POLICIES AND ADMINISTRATION 28 B. PROGRAMS 28 C. PROJECTS 31 Vl. REDEVELOPMENT FINANCE & BUDGET PROJECTIONS 37 A. INTRODUCTION 37 B. HISTORICAL AND CURRENT REVENUES AND EXPENDITURES 37 C. PROJECTED REVENUES 38 D. FIVE YEAR BUDGET ESTIMATES 38 APPENDICIES A. 2000 United States Census Tables B. South Miami Neighborhood Revitalization Strategy Area Profile C. Maximum Income and Rent Levels Established by Florida HUD CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 DRAFT CRA PLAN UPDATE - PHASE II LIST OF TABLES & FIGURES LIST OF TABLES TABLE 2.1: Adopted Future Land Use Designations and Criteria 5 TABLE 2.2: CRA Zoning Category Criteria 7 TABLE 2.3: CRA Zoning and Land Use Conflicts 8 TABLE 5.1: CRA ACTIONPLANSCHEDULE 35 TABLE 6.1: SMCRA Revenue Trends 37 TABLE 6.2: Projected SMCRA Revenues FY 2006 - 2020 38 TABLE 6.3: Five -Year Budget Plan (Preliminary) 39 UST OF FIGURES 13 FIGURE 1.1: Key Community Features in the CRA Area 2 FIGURE 2.1: Existing Land Use Map 3 FIGURE 2.2: Adopted Future Land Use Map 4 FIGURE 2.3: CRA Zoning Map 6 FIGURE 2.4: Comparative Racial Profile of Year 2000 Population 10 FIGURE 2.5: Relative Age of Housing Stocks 11 FIGURE 2.6. Median Household Income Comparison 12 FIGURE 2.7: Year 2000 Poverty Status Comparison 13 FIGURE 2.8: Household Percent oflncome Spent on Housing by Tenure in CT 76.03 14 FIGURE 2.9: 2000 Educational Attainment in CT 76.03 15 FIGURE 2.10: Existing (1999) CRA Traffic Conditions 17 FIGURE 2.11: Projected (2010) CRA Traffic Conditions 18 FIGURE 2.12: South Miami Trolley Proposed Route for Fridays & Staurdays 19 FIGURE 2.13: Annual MetroRail Ridership Data -South Miami Station 20 FIGURE 3.1: CRA Mixed- -Use and Residential Projects 24 FIGURE 3.2: CRA Street Enhancement Projects 25 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 H DRAFT I. INTRODUCTION AND COMMUNITY FEATURES This Plan is a Phase 11 Supplement to the existing South Miami Community Redevelopment Plan ( "The Plan "), required through an Interlocal Agreement with Miami -Dade County. This Phase 11 Plan must be approved by the County no, later than June 2005 in order to retain CRA designation. All other sections in the approved 1997 -1998 South Miami Community Redevelopment Plan which are not updated in this Supplement remain in full force and effect. This Plan Supplement is based on an extension of the CRA.through the year 2020. The South Miami Community Redevelopment Agency (SMCRA) Redevelopment Area was approved and designated by Miami -Dade County in 1999 through Ordinance.No. 99 -100. It is composed of approximately 185 acres with a 2004 total taxable value (TTV) of approximately $199,354,475, a 5 r year gain of over $130 million total taxable value- (Source: the Miami -Dade County Property Appraiser's Office, 12/14/04). This area represents approximately .12.2% of the overall geographic area of the City of South Miami and 20% of the TTV of all properties. As evidenced in Figure 1.1, a number of key community features are located within or near the Redevelopment Area, including municipal buildings, parks, ,hospitals., educational facilities, and shopping centers. These assets should be utilized to the fullest extent whenever possible and be recognized for their contribution to the area. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 1 DRAFT 1 IL,..�.^ � = �''. f� ."ate " "�� vr�� \ y„'E p�."-- `fi�•� '� ',`i f ! �, � ' '. .�° ! �..� �: ,�, y � r- 9ri,Y,�3i•T ..y xa -. .K.;rti .v- Aerial Photo Source: AlrPhoto USA; 1 meter resolution; date taken 411/2004 Key Features ® City Fall / Police Station ®. Metrorall Station Larkin Hospital ® Post Office ® Fire Station South Miami Hospital ® Multi - Purpose Center ® Mobley Building Shops at Sunset Place Marshall Williamson Park JRE Lee Ed Center ® University of Miami CITY OF SOUTH MZAMZ, FLORIDA 12 -30 -04 Page 2 DRAFT As evidenced in Figure 2.1, the existing land uses within the South Miami Community Redevelopment Area are primarily single- family and low- density multi- family residential to the north; a mix of single- family, multi - family residential, townhouses, commercial, parks and institutional in the center; and mostly office, commercial, industrial, utilities, and institutional on the south side. Vacant parcels are scattered throughout the area. Earlier this year, a mixed -use development project called the Valencia was constructed at 6001 SW 70th Street. The Miami -Dade County's Existing Land Use map has not been updated to reflect the site's new use so it is depicted in Figure 2.1 as being vacant and commercial use. FIGURE 2.11: Existing Land Use Map Source: Miami -Dade County, April 2003 LEGEND SMLRA B.ur .ry N�hxa is Sirefs jyf I:apr Roads Shore :ne (_ � Pmparta =_ IPans51 Landu >e Sng's- Ferry Tuhntr]u5ai iv:. -Fan;y ICUp'szes, LOe.- DeirrAy'WAal-Farrdy IF.u:6Fsm;y h"grant Gangs lbt ^z F. Pars„ Shupping C.anta;s Gamwaical, Slade . T—A, Dtfza T ans:enbRes:�entat tHOte'¢�h•alekj In,lustraf £.ard man Industral inst:FUI.'snal Pa+ks lln�wd:ng P2serves and �nsaNatr�nj Gsmelera> Vlatei CnnsaNaton A:sae Ayp, rnsjPods Camraln.:zlnns , Ut_l.- Tamrna'r� . PanL Slrue!slRnads. Ezprassways. iiamry s EzPassnay R.'9ht of rNa, Open Area: 4grcuiturs Vacant. G.--W O,nned Vacanf Lnpmlecled 4Ya:er N. 1.Z1. CITY OF SOUTH Pod %AN%, FL ORZDA 12 -30 -04 Page 3 DRAFT - CRA PLAN UPDATE — PHASE Ii SELECTED DATA & ANAL YS %S UPDATE Figure 202 shows the adopted Future Land Use designations within the CRA, followed by Table 201 below which summarizes the permitted uses and specific dimensional requirements of the land use designations. FIGURE 2.2: Adopted Future hand Use Map -a: City of South Miami, Planning- Zoning, 2004 CITY OF SOUTH MZAMZ, FLORIDA Page 4 %Z- .30 -04 DRAFT LEGEND Single- Family Residential (2 Story) I " E:1 Multiple - Family { ` ':� F^�_ Residential 4 Story) ( r.— Mixed -Use Commercial �„ F F.� _� Residential (4 Story) ;aw T.O.D.D. (4 + 4 Story) }� f Residential Office (2 Story) FO Educational (4 Story) ON Public & Institutional (4 z I {( Story) N.T.S. Parks & Open Space -a: City of South Miami, Planning- Zoning, 2004 CITY OF SOUTH MZAMZ, FLORIDA Page 4 %Z- .30 -04 DRAFT i CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE TABLE 2.1: Ado ted Future Land Use Designations and Criteria . Land Use Permitted Uses Maximum Maximum Height Desi nation none-if CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 5 DRAFT Family Single- family house New parcels = none 2 stories specified Ex. parcels = consistent with surrounding Multi Family Townhouse, Multi- family, 24du /Ac 4 stories mixed -use (retail /office on round level Mixed Use Mixed -Use: retail /office / 24du /Ac 4 stories Commercial residential Residential Transit Oriented Office, retail, residential, Same as zoning Flexible up to 8 stories Development District and mixed -use. Residential Office Very low intensity office N/A 2 stories Educational Public schools N/A Average of permitted heights in the . surrounding zoning districts, not to exceed 4 stories Public & Institutional Public schools, municipal N/A 4 stories . facilities, utilities, churches, temples, synagogues, and similar Parks & Open Space Public parks, park and N/A N/A open space area (including at public schools CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 5 DRAFT CRA PLAN UPDATE — PHASE II SELECTED DATA & ANALYSIS UPDATE Figure 2.3 depicts a citywide map of the Zoning Designations with the SMCRA highlighted. Table 2.2 summarizes the permitted uses and specific dimensional requirements of the zoning categories within the CRA. FIGURE 2.3: CRA Zoning Map ,3`S ,j -• i 3.�'. ! 3tt3 3 [ + ! LEGEND RS -3 Low Density Residential .r7 �T 9f J. i. •:•,t r�,t i,..l ,4�•i ;. >'.. ;� "�•;w .:.�rtt ; o -+� 3Fi t i > 5i', f !'SS.°•,i - ► s,s { t t i t+ = ; - RS-4 Single - Family Residential - • _ M•+ RM -18 Low Density Multi- ,''R' Family P1 N 1 ` '� t'a-' ►� , y ! LO Low Intensity Office "Rf» --� TOOGMU4E MO Medium Intensity Office = PR '�, RN-1 a . 't0` :.{ 4 7 i I •,„ - ,Pr NR Neighborhood Retail -~ aJ P•�; " SR Specialty Retail s 1 t'3i•' "it•1' LO t .i TOOD �.-�L . TODD Transit Oriented 1 •• P1 Development (MU-4) Mixed Use 4 ' »•� Tnno ntua ";"r' °" (MU-5) Mixed Use 5 (1-I-4) Lightlndustdal4 I • Tot �NiitS .� 11:7. rl'f.. -_ 3_' ! I . �' ,i r S" tail I "t t , t e t H Hospital i TODD PI. �` -awl t, «I I! •� t ,�. .TOR` ''' ;:; :�... •�wl; �' ;p ..�` ;' PI Public Institutional N.T.S. PR Parks & Recreation Source: City of South Miami, Planning- Zoning, 2004 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 6 DRAFT CRA PLAN UPDATE —PHASE II SELECTED DATA & ANALYSIS UPDATE TABLE 2.2: CRA Zonina Cateaory Criteria Zoning Category Permitted Uses Maximum Maximum Density Height Low Density Residential Planned Unit Development None specified 2 stories; 25 ft (RS -3) (special use); Single - family dwelling; Community Residential home (less than 6); home occupation Single Family Residential Planned Unit Development None specified 2 stories; 25 ft (RS-4) (special use); Single- family dwelling; Community Residential home (less than 6); home occupation Low Density Multi- Family Planned Unit Development 18du /Ac 2 stories; 30 ft Residential (RM -18) (special use); all other residential uses Low Intensity Office (LO) Low intensity office; limited N/A .2 stories; 30 ft business and professional services Medium Intensity Office Medium intensity professional N/A 4 stories; 50 ft MO and business office Neighborhood Retail (NR) Limited business and N/A 2 stories; 25 ft professional services Specialty Retail (SR) Ground floor retail with office N/A 4 stories; 50 ft and residential on the upper floors Transit Oriented Development District TODD Mixed Use 4 (MU-4) Residential uses; commercial Limited only by the 2 stories uses arkin rovided Mixed Use 5 (MU -5) Residential uses; commercial Limited only by the 2 stories min.; 4 uses parking provided stories max; up to 8 stories with bonus;100ft Light Industrial 4 (LI-4) Residential uses; commercial Limited only by the 2 stories uses; light industrial use parking provided Hospital Hospital (special use); N/A None Specified accessory medical services (special use); chiro clinic ^ (special use); labs; medical offices Public Institutional Daycare; municipal uses, N/A Compatible with parks, religious (special use) surrounding districts Parks & Recreation Parks and open s ace N/A N/A CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 7 DRAFT CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE A number of inconsistencies exist between certain zoning district requirements and those of. the corresponding Land Use designations. These will need to be rectified in order to facilitate redevelopment efforts. The following inconsistencies have been identified: TABLE 2.3: CRA Zoning and Land Use Inconsistencies Zoning Category Land Use Conflict Designation Low Density Multi- family Multi Family Residential 1. Zoning permits density of 18du /Ac; Residential (RM -18) Land Use permits density of 24du /Ac 2. Zoning permits 2 stories or 30 ft; Land Use permits 4 stories 3. Land Use of properties near SW 61st Court is Parks and Open Space while zoning is RM -18 4. Land Use of properties near SW 62nd Avenue is Public and Institutional while zoning is RM -18 Neighborhood Retail (NR) Mixed Use Commercial 1. Zoning does not permit residential Residential or mixed -use; Land Use permits density of 24du /Ac 2. Zoning permits 2 stories or 25 ft; Land Use permits 4 stories Low Intensity Office (LO) Mixed Use Commercial 1. Zoning does not permit residential Residential or mixed -use; Land Use permits density of 24du /Ac . 2. Zoning permits 2 stories or 30 ft; Land Use permits 4 stories Medium Intensity Office Mixed Use Commercial 1. Zoning does not permit residential; (MO) Residential Land Use permits density of 24du /Ac Specialty Retail (SR) Mixed Use Commercial 1. Zoning does not permit mixed - Residential use; Land Use permits density of 24du /Ac Hospital Mixed Use Commercial 1. Zoning does not permit residential Residential or mixed -use; Land Use permits density of 24du /Ac Public Institutional Educational & 1. Zoning maximum height is Public and Institutional determined by what is considered compatible with surrounding districts; Land Use permits 4 stories CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE B. DEMOGRAPHIC ANALYSIS The information contained herein was derived from the 2000 Census Summary. Files ,1 and 3. Summary File 1 includes basic demographic and housing characteristics from the census "short form" which went to all households. This information is readily available with precision down to the Census Block Level. Summary File 3 data are from the census "long form" sent to a sample of one-in- ten households. .These data include population, economic, and social measures and are only available down to the Census Block Group Level. Census data was compiled at the Census Block Level for most of the population and housing information contained in this report. Because. detailed social, economic and housing information is .not available at the Census Block Level, data was also collected at the Census Block Group and Census Tract Levels. Detailed tables are located in Appendix A. The South Miami Community Redevelopment Area consists of a majority of Census Tract 76.03 (58 %). The Census Block Groups (all within. CT 76.03) .include 76.03:04, 76.03:03 and portions of 76.03:02 (21 %) and 76.03:01(18 %). These Block.Groups that form Census Tract 76.03 hereafter will be referred to as "CT 76.03 ". The following Census Blocks comprise the South. Miami Community Redevelopment Area: 76.03:1026 thru 76.03:1033; 76.03:2003; 76.03:2004; 76.03:3000 thru 76.03:3013; and 76.03:4000 thru 76.03:4016. Additionally, the Miami -Dade County Department of Planning and Zoning prepared the South Miami Neighborhood Revitalization Strategy Area Profile in April of 2003 (See Appendix. B). Because the Community Redevelopment Area includes approximately 98% of this South Miami ,Target Area, the information within that document was of great assistance in the demographic analysis of this report. 1. POPULATION ESTIMATES AND TRENDS The resident population located within the CRA represents 18% of the City of South Miami's total population. Population growth is as follows: City of South Miami = 1.0% growth, Population, 1990 = 10,404 Population, 2000 = 10,741 Redevelopment Area = 1.1% growth, Population, 1990 = 1,700 (approximate) Population, 2000 = 1,951 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 9 DRAFT CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE The redevelopment area almost entirely consists of a minority community. The 2000 Census figures indicate that 83% of the residents in the South Miami CRA are Black or African American whereas the City is 25% and County is 20 %. Approximately 13% of the SMCRA residents are White whereas both the City . and County are. around 70% White. Figure 2.4 illustrates the racial diversity. of. the Redevelopment Area compared to the City and County. FIGURE 2.4: Comparative Racial Profile of Year 2000 Population 00% c 80% CL t1 60% w , 0 1— p 40% C m V O- 20% 0°/ El White 0 Black or African American ❑American Indian and Alaska Native* DAsian • Native Hawaiian and Other Pacific Islander* ®Some other race. o Miami- Dade South Miami South Miami 0 Population of two or more County CRA races . Represents less than .4% of total population Source: 2000 Census; Summary File 1 The, South Miami CRA has a relatively young population. In 2000,`about 44% of the population was below 25 years of age compared to 31 % in the City and 34% in the County. Approximately 13% were 65 years and over, similar to the City and County percentages (14% and 13 %, respectively). Family households in the Redevelopment Area were less likely to be comprised of. married couples (21 %. compared to 40% Citywide and 48% Countywide). The percent of family households headed by a female householder (20 %) was much higher than the City and County percentages (7% and 9 %, respectively). CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 10 DRAFT r R iwca xi,xrn: ?-7 °0'"5' 3 dab, yF N f�Ri�F Y�rp a uq3a� Y5� nnn 3bk 'rap �y 'v� �J�s :! d h 5 ; 3 IV r4y K ZA t '..:sa. ~� 01'40 y 7-77 >y 77,77", i 7 ..f b 5h.{L. ~ lax e1.� s 1 v77 Ni ,,i 777 fir' T El White 0 Black or African American ❑American Indian and Alaska Native* DAsian • Native Hawaiian and Other Pacific Islander* ®Some other race. o Miami- Dade South Miami South Miami 0 Population of two or more County CRA races . Represents less than .4% of total population Source: 2000 Census; Summary File 1 The, South Miami CRA has a relatively young population. In 2000,`about 44% of the population was below 25 years of age compared to 31 % in the City and 34% in the County. Approximately 13% were 65 years and over, similar to the City and County percentages (14% and 13 %, respectively). Family households in the Redevelopment Area were less likely to be comprised of. married couples (21 %. compared to 40% Citywide and 48% Countywide). The percent of family households headed by a female householder (20 %) was much higher than the City and County percentages (7% and 9 %, respectively). CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 10 DRAFT CRA PLAN UPDATE — PHASE II SELECTED DATA &ANALYSIS UPDATE 2. HOUSING In 2000, renter - occupied units accounted for 61% of all occupied units in the South Miami CRA; higher than both the City (37 %) and the County (42 %). Vacancy rate for the redevelopment area was 6 %, higher than the City (3 %), but less than the County (9 %). The average household size of occupied housing units within CT 76.03 was 2.84, with an owner - occupied average of 3.62 and renter occupied average of 2.13 persons per household. The average household size of occupied housing units for the City was 2.47 and the County was 2.84. More than 30% of the households in CT 76.03 had 4 persons or more living in the household. As depicted in Figure 2.5, much more of the housing in the City and CT 76.03 is older than newer. More than 64% of the housing in CT 76.03 is more than 35 years old, compared to 73% in the City of South Miami and 45% in the County. FIGURE 2.5: Relative Age of Housing Stocks 40% 35% 30% C �U) 25% 0 20% O H 15% 4- 10% V 5 a .% �� ,: of ,�:. IT` >• � ..:. � e. tC .a f j1: � i 0% L1 t 7 f ;} 7ti :c� e... 5.. �{,A it�Ct� p r.•�� f T Y d :n� :A A45itnttr:141: a , Ot!` �`atG`C 9P 9cp 910, 910, 960, 9", 90 �� X991 * r y E yy tr ^ L: _7 rj W :{t Source: 2000 Census; Summary File 3 13 Miami -Dade County ®South Miami 0 CT 76.03 In 2000, the median housing value for all owner occupied homes in CT 76.03: was less than $100,000, while South Miami was $170,100 and Miami -Dade" County was $124,000. More than 70% of the owner occupied homes were CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 11 DRAFT 0% a , Ot!` �`atG`C 9P 9cp 910, 910, 960, 9", 90 �� X991 Source: 2000 Census; Summary File 3 13 Miami -Dade County ®South Miami 0 CT 76.03 In 2000, the median housing value for all owner occupied homes in CT 76.03: was less than $100,000, while South Miami was $170,100 and Miami -Dade" County was $124,000. More than 70% of the owner occupied homes were CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 11 DRAFT CRA PLAN UPDATE — PHASE II SELECTED DATA & ANALYSIS UPDATE valued at less than $70,000 in CT 76.03, compared to 5 %,for the City and 8.6% for the County. 3. INCOME AND POVERTY RATES Median household income in the Redevelopment Area is considerably less than that of the City and County as evidenced in Figure 2.6. In fact, more than 62% of the households within the SMCRA Census Block Groups had incomes below $35,000, compared to 39% in South Miami and 42% in Miami -Dade County. FIGURE 2.6: Median Household Income Comparison $45,000 $40,000 $35,000 d o $30,000 c $25,000 $20,000 $15,000 $10,000 $5,000 $0 e a�.. �►.\ �ti\ Wig\ Gp\ 16 16 16 G CP G� G� urce: 2000 Census; Summary File 3 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 12 DRAFT CRA PLAN UPDATE —PHASE II SELECTED DATA & ANALYSIS UPDATE Figure 2.7 depicts the percent of total population that falls below and at or above poverty level. With more than 32% of the population falling below poverty level, poverty is clearly a major issue in the Redevelopment Area compared to the City (17 %) and the County (18 %). FIGURE 2.7: Year 2000 Poverty Status Comparison 90 °/ ° 80% a t IK 3 T 0 70 °/O 3 60% CL s. 50 °/ x rr� c .y , ; : tt a 1 gar x x 13 Miami-Dade County . I— 40% bbiq- y ®South Miami o 30%1 I] CT 76.03 G1 20%- i 1��' {5 ^r "NOT! Q. I .; ` 10% Income Below Income At Or Above Poverty Level Poverty Level Source: 2000 Census; Summary File 3 The median monthly gross rent for renter - occupied housing units within CT 76.03 was $570, far below the median monthly gross rent of the City ($ 672) and County ($ 647). Of particular note is that all 144 renter - occupied housing units in South Miami with cash rent less than $300 a month are located within CT 76.03. A significant number, of renter households in the Redevelopment Area are paying a considerable amount of their income on gross rent compared to those in the City and County. Nearly 42% of the specified renter households in.CT 76.03 are paying more than 30% of their income on housing, compared to 39% of the households in the City and 47% of the households the County. Nearly 38% of the owned households (with and without a mortgage) in the Tract . are paying more than 30% of their income.on housing, compared to 33% for the City and 37% for the County. CITY OF SOUTH MIAMI, FLORIDA Page 13 I2 -30 -04 DRAFT i I CRA PLAN UPDATE - PHASE YY SELECTED DATA & ANALYSIS UPDATE As shown in Figure 2.8, a significant number of households within CT 76.03 spend more than 30% of their income on housing, particularly rental households.. FIGURE 2.8: Household Percent of Income Spent on Housing by Tenure in CT 76.03 250 200 C Cf y 150 O' T. ° 100 d .Q E Z 50 n *� y.�r "; C�r1Y•j� 2 ��i }�,�ial�� ,'nib y ;�1"r' %mafh`'YV 541 {.1p M1L T �S4 J lti F�_' nS�y .t 4yr� tf ,L!. `° P\° b`° 4y,° NP(� C`,° � t n 'W �. :'.`L -rriw;i' i�.4 �. -. ��... t•,kA� .. >.: y,, 5r., 1'r,�r;:5, kri f 01° rC; yr 1J 14 ✓z ,,� fp 41 (� � .7.:4� J � bps )r ¢ fAJrt txV ✓tiMq r; Ivy �V zy rM > �'. o,�G v � i�, s r � "•�'' �J�; -+ k :,J.ire .r �; .: ource: 2000 Census; Summary File 3 0 Renter Households ®Housing Units With A Mortgage 0 Housing Units Without A Mort gage CYTY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 14 DRAFT `° P\° b`° 4y,° NP(� C`,° °`P eb Nw �r1P �h1° 01° o,�G v � ource: 2000 Census; Summary File 3 0 Renter Households ®Housing Units With A Mortgage 0 Housing Units Without A Mort gage CYTY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 14 DRAFT CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE 4. EDUCATIONAL LEVELS The educational attainment levels of the redevelopment area's residents continue to lag behind the regional levels. In 2000, nearly 36 %of the population age 25 and older within CT.76.03 never graduated high school while 18% in the City and 32% in the County did not graduate. 15% had completed four or more years of college compared to 38% in South Miami and 22% in Miami -Dade County. Figure 2.9 shows the educational attainment breakdown within CT 76.03. 63% of the total 25 and older population within this area does not have college experience. FIGURE 2.9: 2000 Educational Attainment in CT 76.03 Source: 2000 Census; Summary File 3 5. EMPLOYMENT AND BUSINESS ® Not High School Graduate ® High School Graduate ❑ 1 -3 Years College 0 4 Years of College + In 2000, 6% of the labor force in CT 76.03 was unemployed, slightly higher than the City and . County figures (4% and 5% respectively). About 48% of area residents over 16 were not in the labor force, i.e., neither employed nor looking for work, compared to South Miami's 36% and Miami - Dade's 43 %. The ability of a household to own a vehicle is a significant indicator of an area's level of distress. According ' to the 2000 Census, 29% of the occupied households within CT 76.03 do not own a vehicle, with over 20% being renter- CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 15 DRAFT CRA PLAN UPDATE PHASE II SELECTED DATA & ANALYSIS UPDATE occupied. Only 12% of the occupied households in the City and 14% in the County do not own a vehicle. Furthermore, occupied households that own 2 or more vehicles comprise only 19% of the area, compared to 36% in the City and 35% in the County. These figures illustrate the importance of reliable public transportation to the community within the redevelopment area. C. TRANSPORTATION As indicated in Figure 2.10, the major traffic corridors. transecting the South Miami CRA including Sunset Drive; Red Road, and South Federal Highway /South Dixie Highway are currently operating at or below LOS E. Figure 2.11 depicts that traffic congestion conditions will continue to worsen by Year 2010. However, Miami -Dade County has adopted LOS standards that allow roadways within the Urban Infill Area to operate at 150% of their capacity because of the presence of extraordinary transit. This was enacted to promote infill development and discourage suburban sprawl. In the 1998 South Miami Community Redevelopment Plan, it was anticipated :that the. advent of the MetroRail stop at the South Miami station and the City of South Miami's adoption of the Transit Oriented-Development ordinance in 1997 would help relieve some of the traffic pressures in the area, however traffic congestion remains to be a serious issue for the SMCRA. Certain measures to promote the use of alternative modes of transportation have been proposed to help alleviate traffic congestion in the CRA. As an initiative of The People's Transportation Plan, a Trolley System is being implemented to provide transportation services within. the business district, Community Redevelopment Area, City Hall, and Metrorail Station. Funding is proposed to be earmarked from the half=penny transportation surtax, approved by Miami -Dade County voters in 2002. This service is -tentatively set to begin operations on January 2, 2005, on Fridays and Saturdays and the First Sunday of each month. Figure 2.12 shows the.tentative route. The Miami -Dade MetroRail Transit station located within the CRA is South Miami Station. As depicted in Figure 2.13, annual ridership at this station was at an all - time low of 701,460 riders in 1998. Since then, annual ridership has averaged nearly 840,000 riders, though not through a steady growth trend. CITY OF SOUTH. MIAMI, FLORIDA 12 -30 -04 Page 16 DRAFT CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE FIGURE 2.10: Existing (1999) CRA Traffic Conditions Source: Miami -Dade MPO, 2004 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 17 DRAFT CRA PLAN UPDATE - PHASE Ii SELECTED DATA & ANALYSIS UPDATE FIGURE 2.11: Projected (2010) CRA Traffic Conditions Source: Miami -Dade MPO, 2004 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 18 DRAFT —CRA PLAN UPDATE – PHASE ZZ SELECTED DATA &ANALYSIS UPDATE – FIGURE 2.12: South Miami Trolley Proposed Route for Fridays & Staurdays 25 T Yey Stations (20) I ro Source: South Miami Public Works Department, 1C)/2912004 CITY OF SOUTH /611AM1, FLORIDA 12-30-04 Page 19 DRAFT CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE FIGURE 2.13: Annual MetroRail Ridership Data - South Miami Station CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 20 DRAFT CRA PLAN UPDATE - PHASE II SELECTED DATA & ANALYSIS UPDATE D. AFFORDABLE HOUSING The Plan indicated that from 1980 to 1990, existing housing units in the City of South Miami decreased by a total of 162 units. Census information reveals that the number of existing housing units in the City rebounded about 3% between 1990 to 2000. Similarly, the redevelopment area has seen few new housing units constructed until recently. Given the redevelopment area's unusually high poverty level, the large amount of households spending a significant percentage of their income on housing, predominantly older low -value housing availability, and influx of new service oriented jobs associated with recent retail development, the construction of new affordable housing alternatives should be a vital mission for the SMCRA. Of primary concern is that new "affordable" housing in the area be offered for rent or sale at a rate that the current residents can afford. In genera( terms, "affordable housing" is dependent upon an income eligible household's ability to spend no more than 30% of its income on either rent or mortgage payment. Income eligibility is defined in terms of area median income (determined by HUD), adjusted for family size. Categories include "extremely low- income" (at or below 30% of area median income), "very low- income" (at or below 50% of median income), "low- income" (at or below 80% of median income), and "moderate income" (at or below 120% of area median income; at or below 100% of median income for federal programs). Appendix C depicts the Florida Housing Finance Corporation's 2004 Income Limits Adjusted to Household Size for Miami PMSA used to establish income eligibility and 2004 Maximum Gross Rents by Number of Bedrooms used to establish the rent schedule for each income eligibility category. The 2004 median income for the Miami PMSA is $45,400. Using the charts in Appendix C, it can be derived that in order for for -rent housing to qualify as affordable in the CRA it would need to fall within the range of $275 /month for an efficiency for an "extremely low- income" household to $1,833 /month for a 4- bedroom unit for a "moderate income" household. The most predominant housing size, the 3- bedroom unit, ranges from $410 for an "extremely low- income" household to $1,644 for a "moderate income" household. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 21 DRAFT Ill. CURRENT AND PLANNED PROJECTS A. MIXED -USE AND RESIDENTIAL PROJECTS The following projects are either completed, planned or recommended mixed -use or residential projects. Figure 3.1 depicts their location. Madison Square Madison Square is a SMCRA mixed -use redevelopment proposal intended to create an anchor for the north end of the Church Street (a current streetscape improvement project) and to help stimulate revitalization efforts in the area. The City currently owns several of the parcels and is presently assembling the remaining properties. As identified in Table 2.3, there are inconsistencies between the height and density requirements of the Zoning district (Neighborhood Retail) and Land Use designation (Mixed -Use Commercial Residential). Furthermore, while the Land Use designation allows mixed -use development, the Zoning district does not. There issues will need to be resolved prior to redevelopment. Once all of the properties are under City ownership, an RFP will be issued for the construction phase. The Valencia The Valencia Apartment Homes, developed by Realty Development Corporation, the multifamily development arm of The Lane Company, is a $40 million 290+ unit luxury, mid -rise apartment community plus 6,200 square feet of retail space. Construction commenced winter 2002, with the first units available for occupancy in February 2004. Hometown Station The Hometown Station, developed by Jubilee C.D.C. in association with Masvidal Partners and Permanentia, Inc., is a $16.5 million mid -rise mixed -use infill development complex on the Metrorail site. Phase I of the planned project -will consist of an 8 -story office building (160,000 square feet) which will house the County's Housing Agency, 4,000 square feet of retail use and 10 live /work apartment units, attached to the existing Metro -rail parking garage. Phase 11 will include residential and /or office uses. The development has numerous objectives including new residential development initiatives targeted at local minority -owned businesses, increased ridership on the Metrorail line, and positive enhancement of the City of South Miami. The first phase of the project is currently under construction. As identified in Table 2.3, the Land Use designation (Mixed -Use Commercial Residential) allows mixed -use development however the zoning district (Public Institutional) does not. This will need to be resolved prior to the redevelopment of future phases. Some concerns have been raised about whether future phases will be developed. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 22 DRAFT CRA PLAN UPDATE - PHASE II CURRENT AND PLANNED PROJECTS South Miami Gardens South Miami Gardens is a planned 7 acre+ public housing project owned and operated by Miami -Dade County. This project is currently in the design and feasibility stage. As identified in Table 2.3, inconsistencies between the height and density requirements of the Zoning (RM -18) and Land Use designation (Multiple - Family Residential) will need to be resolved prior to redevelopment. NE CRA Mixed -Use Site A planned private sector development project has been proposed for this 7 acre+ site located in the TODD zoning district with these development parameters: 400+ market rent dwelling units and approximately 12,000 square feet of ground floor retail including a 1,000 space parking structure. It has been recommended by the City that any development agreement for this site include provisions that the applicant pay for or produce adequate park land or land for recreational purposes to satisfy the impact of development and that at least 5 percent of the multi- family units constructed will be classified and marketed as affordable housing units. Hardee Courts Hardee Courts is a recommended redevelopment project located on approximately one acre. The December 2001 CRA Multi- Family Housing Study suggested rowhouses for this site, which is inconsistent with the Zoning and Land Use limitation of single- family dwellings. This will need to be resolved prior to redevelopment. Hardee Gateway Hardee Gateway is a recommended redevelopment project located on less than one acre. The December 2001 CRA Multi - Family Housing Study suggested townhouses and limited retail uses for this site, which is inconsistent with the Zoning and Land Use limitation of single- family dwellings. This will need to be resolved prior to redevelopment. Central Place Central Place is a recommended redevelopment project located on approximately 1.67 acres. This projects was first recommended in the December 2001 CRA Multi - Family Housing Study and proposes half of the site for multi- family housing and the other for retail including a 13,000 square foot mini - grocery store. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 23 DRAFT CRA PLAN UPDATE — PHASE II CURRENT AND PLANNED PROJECTS FIGURE 3.1: CRA Mixed -Use and Residential Projects Source: City of South Miami, Planning- Zoning, 2004 CITY OF SOUTH MIAMI, FLORIDA Page 24 12 -30 -04 DRAFT CRA PLAN UPDATE — PHASE II CURRENT AND PLANNED PROJECTS B. ` STREETSCAPE PROJECTS A number of streetscape enhancements have been proposed for the CRA by the City, the County, or as a requirement of private sector development approval. A couple of the major projects are shown in Figure 3.2. FIGURE 3.2: CRA Street Enhancement Projects 0 SW 62nd Avenue (County initiative) SW 59th Place /Church Street Dashed indicates planned projects; hatched indicates completed projects J Source: City of South Miami, Planning - Zoning, 2004 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 25 DRAFT IV. COMMUNITY VISIONING On November 18, 2004, a South Miami Community Redevelopment Area Workshop was held to discuss redevelopment issues and help develop a unified vision for the area. A following outline summarizes the key issues and comments that were mentioned by the CRA Board and community at this meeting. SMCRA Community Workshop Key Issues and Comments ➢ Affordable Housing o Provide more single - family homes o Improve the homes on SW 64th Street o Ensure there is ample housing for any households displaced due to new construction o Provide more multi - family housing o Ensure a variety of housing types are developed (townhouses, duplexes, etc) o Require a percentage of affordable housing with commercial development o Identify affordable housing opportunities, such as the corner of SW 58t' Street and SW 68th Ave, and the Destiny Lots (5) o Low income housing is needed,. not just affordable ➢ Economic Development and Business Incentives o Ensure that programs are affordable o Encourage private. development o Actively demolish and clear lots as an incentive for redevelopment o Investigate the option.of purchasing South Miami Market o Continue the Business Incubator Program o Provide incentives to attract a grocery store chain to locate in the area o Explore more public /private partnerships o The Mobley Building should be a Business Incubator ➢ Infrastructure Improvements o Provide adequate parking facilities o Provide a municipal parking garage, specifically at Sunset Place o Provide infrastructure improvements ➢ Public Safety o Enhance public safety ➢ Education o Daycare centers are lacking in the area o Support the re- opening of J.R.E. Lee School CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 26 DRAFT CRA PLAN UPDATE - PHASE II COMMUNITY VISIONING o . New. Business Education Program o Teach home Qwnership training and warn against "predatory" lending practices ➢ Tax Base Growth o Ensure greater accountability of CRA revenues o Look at Bonding as an option for financing improvements o Ensure area continues growth trend ➢ Traffic and Transit o Improve the traffic flow ➢ Enhance Bike and Pedestrian Connectivity • Make the area more pedestrian friendly with connections, lighting, and trees • Designate paths to the Metrorail with adequate pedestrian lighting o Provide a sidewalk on one side of SW Progress Road and Commerce Lane ➢ Job Training o Continue Job Training Program ➢ Land Use and Zoning o Resolve a potential conflict between the commercial zoning in the area and specific retail uses o Ensure consistency with the Comprehensive Plan o Preserve the single - family zoning per the Comprehensive Plan ➢ Community Design o Improve Market Corner with uniform street furniture, coordinated lighting, less pavement, and landscaping. o Improve Commerce Lane o Investigate non - matching residential rehab programs ➢ Financial Management o Provide programs for mortgage counseling 1 education ➢ General. Comments o Ensure public review /accessibility to the Final Plan o Prioritize programs and.strategies o Use the East Area as an example of what the CRA wants to become o Do not let the South Miami CRA sunset as the South Beach CRA did : CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 27 DRAFT V. RECOMMENDED ACTION PLAN The following policies, programs and projects were developed to serve as the Action Plan for future redevelopment in the'CRA. They were drawn from existing SMCRA strategies and projects, existing CRA conditions, CRA Goals contained in the adopted Plan and public workshop visioning input. The policies, programs and projects presented below ae summarized in Table 5.1, The Action Plan Schedule. A. POLICIES AND ADMINISTRATION 1. Ensure Land Use and Zoning Consistency a. Process land use amendments, as necessary, to eliminate . inconsistencies with planned CRA projects. Incorporate into EAR- based amendments in years 2005 -06. b. Process zoning applications, as necessary, to correct any inconsistencies with the Comprehensive Plan land use map and /or planned CRA projects. First priority is Madison Square area. C. Evaluate the appropriateness of revising the City Zoning Code to require a minimum percentage set-aside of affordable housing residential units for mixed use and multi- family projects located in the CRA. d. Develop community design guidelines for the CRA area and adopt into the City's Zoning Code. 2. Maintain Proper CRA Staffing a. Retain and stabilize the full -time CRA Executive Director position. b. Continue Program Coordinator position and retain 2 part-time college students. C. Out- source technical services such as planning, design and engineering. Utilize City resources to maximum extent possible. B. PROGRAMS 1. Commercial Facade Program: Assist local businesses to upgrade business facades a. Provide an average of up to 3 commercial facade loans /grants per year. (maximum amount-. $20,000 each) b.. Target' Church St., Sunset Drive (north side) and Commerce Lane / Progress Road areas, for fagade upgrades. CITY OF SOUTH MIAMI, FLORIDA I2 -30-04 Page 28 DRAFT CRA PLAN UPDATE - PHASE II RECOMMENDED ACTION PLAN 2. Neighborhood In -fill: Acquire selected lots for single - family detached and townhouse development. a. Work with qualified non - profit housing agencies such as Habitat for Humanities and Greater Miami. Neighborhoods. b. Continue to identify and acquire eligible lots. An average of 5 lots per year should be developed. C. Update the vacant land and abandoned buildings inventory annually. 3. Residential Rehabilitation: a. Solicit and select applications for- neighborhood rehabilitation projects. b. Fund an average of 6 projects per year to completion. 4. Residential Paint/Fix -up: a. Supply materials /volunteer labor to renters /homeowners to paint and fix buildings, and install landscaping. b. Provide 5 (material) grants per year @ average of $2,500 per grant. 5. Enhanced Public Safety.! Code; Enforcement: a. Continue employment of extra police officer and additional Code Enforcement officer for this area. b. Keep annual statistics on all crime types for CRA area to document performance of program to County and CRA Board. C. Continue aggressive code enforcement program . especially properties with absentee landlords. Place and enforce liens for noncompliance. Match code cases with CRA programs such, as commercial /residential rehabilitation and paint/fix up. 6. Scholarship Work/Study: a. Continue the Agency's program in this area by retaining 2 college students from the CRA area to work as part-time employees for the CRA or agencies doing work within the CRA, primarily during the summer months. 7. Job Identification, Matching and Training: a. Maintain and update ` on a monthly ba unemployed CRA residents to provide Workforce Coalition; area contractors, and the CRA area for employment opportunities. CITY OF SOUTH MIAMI, FLORIDA Page 29 sis a list of eligible to the County -wide companies locating in 12 -30 -04 DRAFT CRA PLAN UPDATE - PHASE II RECOMMENDED ACTION PLAN b.. Assist CRA residents with basic educational and /or specific job skills through the Workforce agency; University of Miami or other job training resources. C. Currently there is a community need for persons in the health service industry, including nurses and medical. assistants. Work with Larkin Hospital and South Miami Hospital to facilitate training and possible employment at those institutions, and other clinics and medical offices in the area. d. Prepare an analysis of the daycare and after school care needs in the CRA area. If significant needs are identified, encourage the location of new daycare centers and help existing centers expand through flexible zoning and /or financial incentives 8. Business Attraction and Start -up Assistance: a. Provide interest -free loans to business start-ups and expanding small businesses in the CRA area. Maximum 3 -year term loans of up to $5,000 for each new job to be created. b. Seek a small -scale neighborhood market for location in the CRA area. C. Work with the Beacon Council and local Chamber of Commerce to attract new businesses to the CRA area. 9. Mortgage Subsidy Guarantees: a.. Working with. local non - profits and banking institutions, provide a funding pool to serve a "gap financing" for first time homebuyers and other eligible persons in residing in the CRA. Funding will be the form. of "soft second" mortgages with . repayment to the CRA when the unit is sold. No. such mortgage should exceed 5% of. purchase price. -b. An average. of 4 -or more applications per year should be approved and implemented within budgetary constraints. 10. Education: a. Work with the County School Board to accelerate the priority of re- opening J.R.E. Lee School as an elementary school. 11. "Friendly Green Streets" Bikeway and Pedestrian Plan: a. If not addressed in the forthcoming Evaluation and Appraisal Report (E.A.R.), develop a CRA -wide Friendly Green Streets Plan which interconnects with areas outside the CRA and fills in the gaps in the bikeway and sidewalk system within the. CRA. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 30 DRAFT CRA PLAN UPDATE - PHASE Zr RECOMMENDED ACTION PLAN b. The E.A.R. and /or Plan should also. assess the feasibility of narrowing the pavement on selected residential streets, such a SW 66th Street, to provide more area for bikeways, sidewalks, medians and street trees. Identify a street tree palette for the CRA. C. In FY 2007, allocate $50,000 for development of the Plan with cost estimates or construction of facilities. Seek County and State grant funds to help, offset costs. d. Program construction funding in future . years based on cost estimates provided by the approved E.A.R. and /or Plan. 12. Pedestrian Street Lighting Program: Provide decorative, "soft" pedestrian lighting with sufficient intensity to make pedestrians feel secure and able to see well at nighttime rather than high - intensity amber (crime) lighting as follows: a. Add additional lighting at Marshall Williamson Park. b. Provide new or enhanced lighting at all intersections in the CRA. C. Designate well - lighted paths accessing the MetroRail Station. C. . PROJECTS 1. Mobley Building: a. Feasibility of using entire building as a business incubator should be evaluated, possibly in partnership with an academic institution such as the University of Miami. b. If business incubator is not feasible, provide space (1-4 bays) for non- profit and /or social services agencies such as community health clinic, job training, employment services, after school care and /or full - service daycare. C. If space is still available following efforts to occupy space by non- - profit agencies or incubator, that area may be rented to for - profit companies. .2. Madison Square Redevelopment: a. Use Multi- Family Housing Study as. basis for redevelopment, and update that.study as necessary. b. Assemble remaining vacant properties in 2005 and the remaining non - vacant properties by 2007. C. Prepare RFP for public bid, select development company and execute contract for redevelopment by January 2006. d. Make land use amendments and zoning revisions necessary for feasible redevelopment. e. Complete redevelopment construction by 2007 -2008. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 31 DRAFT CRA PLAN UPDATE - PHASE II RECOMMENDED ACTION PLAN .3. Hardee Courts Redevelopment: a. Use Multi - Family. Housing Study as basis. for redevelopment, and update that study as necessary. b. Initiate property assemblage in 2008 C. Make land use amendments and zoning. revisions necessary for feasible redevelopment. d. Complete redevelopment by 2010. 4. Hardee Gateway Redevelopment: a. Use Multi - Family Housing Study as basis for redevelopment, and update that study as necessary. b. Initiate property assemblage in 2009 C. Make land use amendments and zoning revisions necessary for feasible redevelopment. d. Complete redevelopment by 2011. 5. Central Place Redevelopment: a. Use Multi- Family Housing Study as basis for redevelopment, and update that study as necessary. b. Initiate property assemblage in 2010 c. Complete redevelopment by 2012. 6. South Miami Gardens: a. Work with Miami -Dade County to develop feasible plan for redevelopment on a phased basis by 2006. b. Allocate funding in future years for fair share of project costs as County- sponsored redevelopment occurs. C. Help coordinate. relocation plan that assures that any displaced residents are relocated on site after completion of construction. 7. " Church Street Beautification: a. Construct the Phase 11 Church Street design plan for area south of SW 64th Street to SW 69th Street by 2006. b. Continue to seek County and State grant funds to help offset design and/or construction costs. c. 'Program construction funding in future years based on cost . estimates provided by above plan. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 32 DRAFT CRA PLAN UPDATE PHASE II RECOMMENDED ACTION PLAN 8. East Side Parking Garage: a. Solicit RFP bids. for private developer to build parking garage on parcel owned by City by 2007. b. Complete construction by 2009. 9. Commerce Lane /Progress Road: a. Allocate $35,000 in FY 2006 for preparation for a Streetscape Design and Improvement Plan addressing parking, traffic and pedestrian flows, landscaping, building facades, and lighting. b. Seek County and State grant funds'to help offset costs. C. Program construction funding in future years based on cost estimates provided by the approved Plan. 10. Trolley Circulator: a. Assess ridership and fare box revenues quarterly, and make route adjustments accordingly. 11. Pedestrian Bridge Over U.S. 1: a. In coordination with the Miam -Dade County Transit Agency assess the feasibility of a unique, architecturally - pleasing aerial crosswalk over U.S. 1- between the east side commercial and the South Miami MetroRail Station areas. b. Seek funding for the project from the Metropolitan Planning Organization (MPO) in year 2007 C. Complete construction by year 2009. 12. David D. Bethel Pavilion a. Construct pavilion at Marshall Williamson Park by October 2005. 13. Private Development Projects: a. Facilitate the redevelopment of the 7 -acre site located southwest of the intersection of SW 66th Street and Red Road, consistent with the vision for the CRA area. b. Provide assistance,. as necessary, for development of the Hometown Station Project and seek commitment from the developer to provide 100 units of senior /moderate income housing. C. Working with the Chamber of. Commerce, Beacon Council and other business groups, identify new development projects in the CRA and facilitate their development through infrastructure CITY OF SOUTH MIAMI, FLORIDA 12- 30 -04' Page 33 DRAFT CRA PLAN UPDATE - PHASE II RECOMMENDED ACTION PLAN assistance grants, appropriate .land use and zoning revisions and other means consistent with the CRA Plan. d. Explore using the CRA's 501 c3 status in order to obtain grants that will assist in financing new housing and rehabilitation of housing, including low and moderate income housing. 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The'Board shall adopt an annual budget and work program in accordance with its adopted By -laws at the beginning of ' each fiscal year. This process will be carried out in accordance with the Miami -Dade County South Miami Interlocal Agreement and Florida Statutes. B. HISTORICAL AND CURRENT REVENUES AND EXPENDITURES The SMCRA has been operating for approximately 5 years and during that time has received tax increment financing (TIF) payments from Miami -Dade County, as-well as, the City of South Miami. Table- 6. 1_ Ize -to -- show-s..the...reyenue-trend-for. the SMCRA since FY 2000. Overall, growth in TIF revenues over that .period have been 7 %.or 1.4% per year. In FY 2004, the SMCRA received $751,756 in TIF revenues from the County and City. TABLE 6.1: SMCRA Revenue Trends Revenue Source FY 99 -00 FY 00 -01 FY 01 -02 FY 02 -03 FY 03 -04 5 Year % G rowth South Miami TIF $314,723 $333,466 $327,355 $310,354 $424,234 35% Miami -Dade TIF : $385,346 $339,964 1 $338,377 1 $301,3991 $327,522 -15% TOTAL TIF $700,069 $673,430 $665,732 $611,753 $751,756 7% Source: SMCRA staff, Dec. 2004. Subject to minor adjustments due to county accounting methods. CITY OF SOUTH MIAMI, FLORIDA Page 37 12 -30 -04 DRAFT REDEVELOPMENT FINANCE CRA PLAN UPDATE - PHASE II & BUDGET PROJECTIONS C. PROJECTED REVENUES Table 6.2 below presents the projected TIF revenues for the SMCRA through FY .2020. The revenue projections were based on a combination of historical growth trends and known projects in the CRA either under construction or planned. The projections start with FY 2005 (10 -1 -04 to 9- 30 -05). TABLE 6.2: Proiected SMCRA Revenues FY 2005- 2020 Year Taxable Property Base (prior year in millions ) Incremental Tax Base Growth (in millions County Tax Increment Payment City Tax Increment Payment Total CRA Increment Revenue FY 2005 $ 198.9 $ 130.5 $ 333,555* $ 446,972* $780,527 2006 235.2 166.8 .494,979 614,908 1;109,887 2007 242.3 173.9 516,048 641,Q82 1,157,130 2008. 264.4 196.0 581,630 722,554 1,3041184 2009 309.8 241.4 716,355 889,992 1,606,347 2010 304.3 235.9 700,033 869,645 1,569,678 2011_... .... .-31-8-.0- 249:6... ..._...740;68.8 -.... ._52-0,,TSG" ._..... - 1 0; 8 2012 332.3 263.9 783,123 972,867 1,755,990 2013 347.3 278.8 827,339 1,027,796 1,855,135 2014 362.9 .294.5 873,929 1,085,674 1,959,603 2015 379.2 310.8 922,299 .1,145,764 2,068,063 2016 396.3 .327.9 973,043 1,208,803 2,181,846 2017 414.1 345.7 1,025,865 1,274,423 2,300,288 2018 432.7 364.3 1,081,060 1,342,991 2,424,051 2019 452.2 383.8 1,138,927 1,414,878 2,553,805 2020 472.5 404.1 1,199,167 1,489,715 2,688,882 Totals - -- - -- $12.9 million $16.1 million $ 29.0 million. "Actual County payment anca City buaget amounts. Assumptions: 9998 base year taxable value = $68.4 million; 3% taxable base growth rate per year though 2009 and 4.5% thereafter. Valencia building value (net $30.3 million) added in 2006, Hometown Station (net $94.8 million) added in 2008 and deleted in 2090, and 7 -acre northeast CRA mixed use site in 2009 ($37.5 million); 5.935 County millage rate; 7.373 City millage. D. FIVE YEAR BUDGET ESTIMATES Based on the revenue projections and the Action Plan presented previously, the .SMCRA has developed an estimated 5 -year schedule of revenues and expenditures presented In Table 6.3. CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 38 DRAFT REDEVELOPMENT FINANCE CRA PLAN UPDATE - PHASE II & BUDGET PROJECTIONS TABLE 6.3: Five -Year Budaet Plan (Preliminarv) CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 39 DRAFT FY 2006 FY 2007 FY 2008 'FY 2009 FY 2010 Totals Revenues: County TIF $494,979 $516,048 $581,630 $716,355 $700,033 $3,009,045 City TIF 614,908 641,082 722,554 889,922 869,645 3,738,111 Other Revenues 20,000 25,000 25,000 30,000 30,000 130,000 Total Revenues 1,129,887 1,182,130 1,329,184 1,636,277. 1,599,678 $ 6,877,156 Expenditures: Commercial Fa ade $60,000. $80,000 $80,000 $130,000 $100,000 $450,000 Neighborhood Infill: 150,000 175,000 175,000 210,000 160,000 870,000 Residential Rehab.' 15,000 30,000 30,000 35,000 25,000 135,000 Public Safety /Code Enforcement 140,000 160,000 160,000 210,000 210,000 880,000 Work/Stud •• • " 10;000' "10;000 '1.2;500 '15,000 15,000 62,500 Job Trainin 30,000 40,000 50,000 70,000 50,000 240,000 Business Attraction/ Start-ups 30,000 30,000 30,000 30,000 40,000 160,000 Mortgage Guarantees . 40,000 60,000 80,000 90,000 80,000 350,000 Bike /Ped. Plan - - -- 50,000 80,000 100,000 90,000 320,000 Lighting Program - - -- 40,000 65,000 140,000 140,000 385,000 Mobley Bldg. 35,000 25,000 10,000 10,000 10,000 90,000 Madison Square 140,000 75,000 50,000 - - -- - 265,000 Hardee Courts - - -- - -- 150,000 65,000 35,000 250,000 Hardee Gateway - --- - -- - - -- 100,000 50,000 150,000 Central Place - - -- -- --- ---- 200,000 200,000 Church St. 125,000 5-0,00-0- 50,000 --- -- 225,000 East Side Parkin 10,000 10,000 ---- ---- 20,000 Commerce Lane 35,000 75,000 50,000 100,000 50,000 310,000 Trolley 35,000 20,000 - -- -- - -- 55,000 Pedestrian Bridge over us 1 10,000 10,000 - --- -_- ---- 20,000 Bethel Pavilion 25,000 - -- ___ ___ - 25,000 Administration -200,000 205,000 220,000 260,000 270,000 1155,000 Contingency 39,887 37,130 36,684 71,277 74,678- 259,656 Total .1.129.887 1.182.130 1,329.184 1,636 277 12599,6781 $ 6 877156 CITY OF SOUTH MIAMI, FLORIDA 12 -30 -04 Page 39 DRAFT CRA PLAN UPDATE - PHASE ZZ APPENDIX A TABLE A.1 2000 Population By Race (Persons) Source: 2uuu Census; summary File 1 Miami- Dade County South Miami South Miami CRA Total Population 2,253,362 10,741 1,951 Population of one race: 2,167,940 10,512 1,904 White alone 1,570,558 7,502 252 Black or African American alone 457,214 2,653 1,629 American Indian and Alaska Native alone 4,365 15 2 Asian alone 31,753 150 7 Native Hawaiian and Other Pacific Islander alone 799 4 0 Some other race alone 103,251 188 14 Population of two or more races 85,422 229 47 Source: 2uuu Census; summary File 1 CRA PLAN UPDATE - PHASE II APPENDIX A TABLE A.2 - 2000 Population By Sex And Age Persons Age -Group Miami- Dade County South Miami South Miami CRA Total Male Population 1,086,558 5,169 879 Under 5 Years 73,996 317 69 5 - 9 Years 81,365 358 104 10 -14 Years 81,320 356 118 15 -19 Years 78,156 304 89 20 -24 Years 71,525 358 54 25 -34 Years 165,462 779 97 35-44 Years 183,197 899 103 45 -54 Years 133,271 723 77 55 -64 Years 96,070 490 77 65 -74 Years 72,404 345 69 75 -84 Years 38,397 191 16 85 Years And Older 11,395 29 6 Total Female Population 1,166,804 5,572 1,072 Under 5 Years 70,854 314 84 5 - 9 Years 77,988 354. 92 10 -14 Years 78,324 347 97 15-19 Years 76,022 293 82 .20 -24 Years 72,023 316 64 25 -34 Years 167,961 803 139 35 -44 Years 187,302 915 148 45 -54 Years 147,727 787 109 55 -64 Years 110,482 544 99 65 -74 Years 90,454 448 80 75 -84 Years 60,914 319 43 85 Years And Older 26,753 132 35 Source: 2000 Census; Summary File 1 TABLE A.3 - Household Characteristics (Households) Source: 10uu Census; Summary rue i CITY OF SOUTH MIAMI, FLORIDA I2 -23 -04 DRAFT Miami -Dade South Miami South Miami CRA Households 776,774 4,301 670 Families 548,493 2,593 423 Married Couple Families 370,898 1,739 140 With Own Children 175,547 726 54 Other Family 177,595 854 283 No Wife/With Children 16,889 80 19 No Husband/With Children 70,316 318 136 Source: 10uu Census; Summary rue i CITY OF SOUTH MIAMI, FLORIDA I2 -23 -04 DRAFT i CRA PLAN UPDATE - PHASE II APPENDIX A TABLE A.4 - Housina And Tenure Characteristics (Housina Unitsl Source: 2000 Census; Summary Hie 1 TABLE A_5 Averaae Household Size of Occupied Units by Tenure Average Household Size Miami -Dade South Miami South Miami CRA Housing Units 852,278 4,557 709 Occupied 776,774 4,393 670 Owner 449,325 . 2,673 261 Renter 327,449 1,628 409 Vacant 75,504 156 39 For Rent 19,866 47 13 For Sale 9,855 24 1 Rented /Sold, Not Occupied 5,022 21 3 Seasonal /Occasional Use 29,587 28 2 For Migrant Workers 59 0 0 Other 11,1151 361 20 Source: 2000 Census; Summary Hie 1 TABLE A_5 Averaae Household Size of Occupied Units by Tenure Average Household Size Miami -Dade County South Miami SMCRA Census Tract 76.03 Total 2.84 2.47 2.84 Owner occupied 1 3.01 1 2.791 3.62 Renter Occupied 2.61 1.97 2.13 Source: 2000 Census; Summary File 3 CITY OF SOUTH MIAMI, FLORIDA 12-23-04 DRAFT CRA PLAN UPDATE - PHASE II APPENDIX A TABLE A.6 -2000 Aae of Housina Time Period Built Miami -Dade County South Miami SMCRA Census Tract 76.03 1999 - March 2000 14,019 8 0 1995-1998 50,523 77 36 1990-1994 64,968 55 19 1980-1989 155,186 260 107 1970-1979 191,906 824 294 1960-1969 142,827 1,080 293 1950-1959 140,635 1,561 263 1940-1949 56,783 428 186 1939 Or Earlier 35,431 260 51 Total 852,278 49553 1,249 Source: 2000 Census; Summary File 3 TABLE A.7 -Value Of Specified Owner - Occupied Housina (Occupied Units) Value Range ($) Miami -Dade County South. Miami SMCRA, Census Block Groups. Less Than 50,000 8,856 25 . 48 50,000 - 69,999 20,119 94 251 70,000 - 89,999 52,030 179 37 90,000 - 99,999 33,286 93 43 100,000 - 124,999 55,813 128 25 125,000 - 149,999 54,149 332 19 150,000 - 174,999 34,607 402 0 175,000 - 199,999 18,907 222 0 200,000 And More 58,048 875 0 Total 335,815 2,350 423 Median Value $124,000 $170,100 BG1 =$92,300 BG2 = $81,500 BG3 = $60,700 BG4 = $0 Source: 2000 Census; Standard File 3, Summary File 3 wtv%r i CRA PLAN UPDATE - PHASE Zr APPENDIX A TABLE A.8 - Monthly Gross Rent Renter - Occupied Housing Units Gross. Rent/Month ($) Miami -Dade County South Miami SMCRA Census Tract 76.03 With Cash Rent 317,690 1,666 603 Less Than 200 19,076 110 110 200-299 11,302 34 34' 300-499 53,881 222 134 500-749 125,095 708 121 750-999 69,880 402 155 1,000 -1,499 30,560 113 32 1,500 And More 7,896 77 17 No Cash Rent 9,143 77 17 Median $ 647 Per Month $ 672 Per Month $570 Per Month Source: 2uuu Census; Standara f-ue 3, Summary File 3. TABLE A.9 - 2000 Household Income Income Range ($ /year) Miami -Dade County South Miami SMCRA Census Block Groups Less than 10,000 107,901 571 303 10,000 - 14,999 58,409 285 100 15,000 - 19,999 55,140 274 105 20,000 - 29,999 108,489 547 231 30,000 - 391999 93,835 363 122 40,000 - 49,999 76,798 391 86 50,000 - 59,999 61,726 273 65 60,000 - 74,999 67,807 278 58 75,000.99,999 63,132 581 40 100,000 and more 84,141 722 86 Total Households 777,378 4,285 1,196 Median per year $35,966 $42,488 BG1 = $31,983 BG2 = $25,104 BG3 = $14,913 BG4 = $24,444 Source: 2000 Census; Standard File 3, Summary File 3. CITY OF SOUTH MIAMI, FLORIDA 12 -23 -04 DRAFT CRA PLAN UPDATE -PHASE II APPENDIX A TABLE A.10 - 2000 Population For Whom Povertv Status Is Determined Poverty Status Miami -Dade South Miami SMCRA .Less Than 15% County 211 Census Tract 15%-19% 36,384 205 76.03 Income Below Poverty Level 396,995 1,864 1,097 Income At Or Above Poverty 1,812,094 9,041 2,306 Level 26,566 124 10 Total 2,209,089 10,905 3,403 Source: 2000 Census; Standard File 3, Summary File 3. TABLE A.11 - Gross Rent As A Percentage Of Household Income Percent Of Income Spent On'Gross Rent Miami -Dade County South Miami . SMCRA Census Tract 76.03 .Less Than 15% 39,402 211 106 15%-19% 36,384 205 62 20%-24% 38,300 198 68 35,117 230 84 -25%-29% 26,566 124 10 -30%-34% 35% or More 127,500 556 250 Not Computed 23,564 219 40 Total 326,833 1,7431 620 Source: 2000 Census; Standard File 3, Summary File 3. CRA PLAN UPDATE PHASE II APPENDIX A TABLE A.12 - Monthly Owner Costs As A Percentaae Of Household Income Percent Of Income Spent On Gross Housing Costs Miami -Dade County South Miami SMCRA Census Tract 76.03 Housing Units With A Mortgage 258,002 1,809 308 Less Than 10% 11,651 127 8 10%-14% 28,079 190 46 15%-19% 39,147 381 46 20%-24% 39,125 242' 41 25%-29% 31,322 199 40 30%-34% 23,013 153, 26 35%-39% 16,779 75: 12 40%-49% 21,477 136'1 15 50% Or More 45,189 298 74 Not Computed 2,220 8; 0 Housing Units Without A Mortgage 77,813 541 115 Less Than 10% 26,847 253 38 10%-14% 16,194 .'57: 22 15%-19% 9,090 42 19 20%-24% 6,033 39 0 25%-29% 4,230 29 6 30%-34% 2,998 46 10 35%-39% 2,069 8 . 8 40%-49% 3,049 35 0 50% Or More 5,802 32 5. Not Computed 1,501 1 0 7 Source: 2000 Census; Standard File 3, Summary File 3. TABLE A_13 - Tenure By Vehicles Available (Households) Vehicles Available Miami -Dade County South Miami SMCRA Census Tract 76.03 Owner - Occupied None 29,059 166 114 1 Vehicle 148,947 879 222. 2 Vehicles 187,586 1,178 160 3 Vehicles 60,280 1 338 64 4 Or More Vehicles 23,461 81 9 Renter - Occupied None 82,264 342 234 1 Vehicle 152,553 899 290 2 Vehicles 75,670 445 104. 3 Vehicles 12,953 55 0 4 Or More Vehicles 4,001 0 0 Source: 2000 Census; Standard File 3, Summary File 3. CITY OF SOUTH MIAMI, FLORIDA 12-23-04 DRAFT CRA PLAN UPDATE -PHASE II APPENDIX A TABLE A.14 _'2000 Educational Attainment (Persons Aae 25 and Older) Education Status Miami -Dade County South Miami SMCRA Census Tract 76.03 Male 700,196 .3,464 947 Not High School Graduate: 222,658 525 334 High School Graduate 150,726 628 253 1 -3 Years College 162,019 867 162 4 Years of College + 164,793 1,444 198 Female 791,593 4,044 1,159 Not High School Graduate 256,695 850 417 High School Graduate 182,271 727. 325 1 -3 Years College 194,021 1,054 295 4 Years of College + 158,606 1,413 122 Total 10491,789 1 7,508 2,106 Source: 2000 Census; Summary f lle 3. TABLE A.15 - Sex By Employment Status (Population 16 Years and Older) Sex/ErnploymentStatus .Miami -Dade County South Miami SMCRA Census Tract 76.03 Total Labor Force 1,758,374 8,687 2,500 Male 834,320 4,071 1,122 In Labor Force 535,323 2,880 659 In Armed Services 1,222 0 0 Civilian 534,101 2,880 659 Employed 493,524 2,691 592 Unemployed 40,577 189 67 Not In Labor Force 298,997 1,191 463 Female 924,054. 4,616 1,378 In Labor Force . 475,642 2,651 648 In Armed Services 287 0 0 Civilian 475,355 2,651 648 Employed 427,684 2,527 560 Unemployed 47,671 124 .88 Not In Labor Force 1 448,412 1 1,965 1 730 Source: 2000 Census; Standard Hle 3, Summary Hie J. CITY OF SOUTH MIAMI, FLORIDA 12-23-04 DRAFT Secti Par Dads COlin °n 11 P1 ty �Ira� o Str��tg � 2o�g April 1312819220 Preface This is one of a series of short profiles of Neighborhood Revitalization Strategy Areas in Miami -Dade County, Florida. These areas are. targeted for assistance by the Miami -Dade County Office of Community and Economic Development under the U.S., HUD Community Development Block Grant program. These ' profiles present data from the 2000 Census, Summary Files 1 and 3. Summary File 1 includes basic demographic and housing characteristics from the census "short form" which went to all households. Summary File 3 data are from the census "long forrn," sent to a sample of one- ir�ten households . in Miami -Dade. These data include economic and social measures such 'as income, poverty, employment, and education. Where possible, data from 2000 are compared to 1990 and 1980 data to describe change in these communities. Support for these profiles was provided by the Miami -Dade County Office of Community and Economic Development South Miami The South Miami Neighborhood Revitalization Strategy Area is a Black community in the City of South Miami. It is a low-income and high - poverty area. ' The poverty rate for persons in 2000 was 49 percent, up from the 38 percent recorded in 1990. The percent of families in poverty grew from 38 to 43 percent. Households in South Miami were more likely to rent than own their housing units. Home values and rents were well below the County average. South Miami residents had a lower level of educational attainment than the County average. In sum, the South Miami Neighborhood Revitalization Strategy Area showed some population and housing growth, but showed increasing poverty levels. The area continues to face a range of serious social and economic challenges. i • L3 l g ❑ � is n aw a.c s'Y cl b � tt i� s•vy 'c: ZT 1K a � 3T s W 72 ST -ry ;r. ay�+a,a4tT DC�'�.Grvori 'y'�J l �A1'.LD;SI!•J'.1.� I V G ti^.,,N rv+: • .l::�r' � Introduction The .South Miami Revitalization Area is located in the 'City of South Miami in a roughly rectangular area bounded by SW 62 Street on the north; SW '62 Avenue on the West; and SW 72 Street on the south. The eastern boundary is SW 57 Avenue between SW 72 and 64 Streets; then west to SW 59th Avenue and north to SW 62 Street. Originally known as Larkins, the . area has a long history as a tightly -knit Black settlement. The first Black settler, Marshall Williams, arrived in 1912 from Madison, Florida. He bought land in Larkins and encouraged other Black residents of Madison to do likewise. Through the 1920s the economy depended largely on the railroad, which was used to ship fiuits and vegetables. Demographic Characteristics Total Population The 2000 population of 2,091 was an increase over the 1,726 recorded in 1990, reversing a downward trend in the 1980s. Black and Hispanic Population The South. Miami NRSA was a Black community (92 percent) in 2000 as it has been for many decades. Hispanics were 11 percent of the population up from the 6 percent reported in 1990. 3 Table 1 Population by Race and Hispanic Origin South Miami and Miami -Dade County 1980-2000 Source: U.S. Bureau of the Census, Census of Population and Housing, Summary Tape File 1A, Florida, 1980, 1990. U.S. Census Bureau, Census 2000, Summary File 1, Miami Dade County Department of Planning and Zoning, Research Section, 2003. Change Change 1980 80 to 90 1990 90 to 00 2000 Total 1,872 -146 1,726 365 2,091 Black 1,750 -161 1,589 201 1,790 Hispanic 91 4. 95 132 227 White 111 -16 95 181 276 Non Hispanic White 53 -14 39 49 88 Non Hispanic Black 1,721 -143 1,578 189 1,767 Percent Total 100% -8% 100% 21% 100% Black 93% -9% 92% 13% 86 % Hispanic 5 %. 4% 6% 139% 11 % White 6% -14% 6% 191% 13% Non Hispanic White 3% -26% 2% 126% 4% Non Hispanic Black 92% -8% 91% 12% 85% Miami -Dade Total 100% 19% 100% 16% 100% Black 17% 42% 21% 21% 21% Hispanic 36% 64 % 49% 35% 57% White 78% 12% 73% 15% 72% Non Hispanic White 46% -22% 30% -19% 21% Non Hispanic Black 17% 37% 19% 20% 20% Source: U.S. Bureau of the Census, Census of Population and Housing, Summary Tape File 1A, Florida, 1980, 1990. U.S. Census Bureau, Census 2000, Summary File 1, Miami Dade County Department of Planning and Zoning, Research Section, 2003. Age Like many Black communities, South Miami has a relatively young population.. About 56 percent of the population was below 35 years . of age compared to 48 percent in the County. About 12 percent were 65 years and over, compared to 14 percent in the County. Table 2 Age Distribution South_ Miami and Miami -Dade County 1980 -2000 South Miami Miami -Dade 5 1980 1990 2000 1980 1990 2000 Total Persons 1,872 1,726 2,091 1,623,781 1,937,094 2,253,362 Less than 5 161 184 169 94,237 139,714 157,871 5 to 9 167 158 205 101,385 131,426 145,752 10 -14 199 162 232 111,386 120,490 160,754 15 -19 222 169 187 136,285 131,060 154,989 20 -24 200 135 127 133,039 139,196 144,721 25 -29 151 128 119 125,898 168,342 163,859 30 -34 88 117 132 114,333 163,334 1732574 35 -44 182 182 270 192,585 278,043 361,966 45 -54. 165 163 203 187,309 212,098 282,766 55 -59 68 61 88 90,929 91,769 1092141 60 -64 53 67 99 80,555 90,816 97,417 65 -74 149 93 155 149,491 146,131 162,257 75+ 67 107 105 105,698 124,675 138,295 South Miami Miami -Dade Total Persons 100% 100% 100% 100% 100% 100% Less than 5 9% 11% 8% 6% 7 % 7% 5 to 9 9% 9% 10% 6% 7% 6% 10 -14 11% 9% 11% 7% 6% 7% 15 -19 12% 10% 9% 8% 7% 7% 20 -24 11% 8% 6% 8% 7% 6% 25 -29 8% 7% 6% 8% 9% 7% 30 734 5% 7% 6% 7% 8% 8% 35-44 100/0 11% 13% 12% 14% 16% 45 -54 90/0 9% 10% 12% 11 %. 13% 55 -59 4% 4% 4% 6% 5% 5% 60 -64 3% 4% 5% 5% 5% 4% 65 -74 8% 5% 7% 9% 8% 7% 75+ 4% 6% 5% 7% . 6% 6% Source: U.S. Bureau of the Census, Census of Population and Housing, Summary Tape File 1A, Florida, 1980 and 1990. U.S. Census Bureau, Census 2000, Miami-Dade County Department of Planning and Zoning, Research. Section, 2003. 5 Household Structure. Households in South. Miami were less likely to be comprised of married couples (32 percent compared to about 68 percent Countywide). The percent of family households headed by a female householder (58 percent). was much higher than the County average (24 percent). Table 3 Households by Family Status South Miami and Miami -Dade County 1990 -2000 6 South Miami Miami -Dade Change Change 1990. 90 to 00 2000 1990 90 to 00 2000 Total Households 544 170 714 692,355 84,419 776,774 Family Households 353 101 454 481,260 67,233 548,493 Married Couple 121 25 146 342,512 28,386 370,898 With children 71 -15 56 164,216 11,331 175,547 No children 50 40 90 178,296 17,055 195,351 . Male Householder 36 7 43 35,377 8,547 43,924 With children 21 0. 21 17,177 -288 16,889 No children 15 7 .22 18,200 8,835 27,035 Female householder 196 69 265 103,371 30,300 133,671 With children 156 -12 144 64,848 5,468 70,316 No children 40 81 121 38,523 24,832 63,355 Non- family Households 191 69 260 211,092 17,189 228,281 Percent Total. Households 100% 31% 100% 100% 12% 100% Family Households 65% 29% 64% 70% 14% 71% Married Couple 22% 21% 20% 49% 8% 48% With children 13% -21% 8% 24% 7% 23% No children 9% 80% 13% 26% 10% 25% Male Householder 7% 19% 6% 5% 24% 6% With children 4% 0% 3% 2% -2% 2% No children 3% 47% 3% 3% .49% 3% Female householder 36% 35% 37% 15% 29% 17% With children 29% -8% 20% 9% 8% 9% No children 7% 203% 17% 6% 64% 8% Non- family Households 35% 36% 36% 30% 8% 29% Source: U.S. Census Bureau, Census 2000, Summary File 1, Miami -Dade County Department of Planning and Zoning, Research Section, 2003. 6 Housing . Number of Units The 754 housing units reported in 2000 was an increase over the 596 reported in 1990, reversing a decline in the previous decade. Tenure and Vacancy The vacancy, rate in South Miami in 2000 was much lower than the comparable County figure of 9 percent. Renter - occupied units accounted for 61 percent of all occupied units, down from the 69 percent reported in 1990, but continued to be higher than the County's 42 percent. Table 4 Housing Units by Tenure and Vacancy Status South Miami and Miami -Dade County 1990 to 2000 South Miami Miami -Dade Vacancy Rate 12% -19% 5% 10% -4% 9% Source: U.S. Census Bureau, Census 2000, Summary File 3, Miami-Dade County Department of Planning and Zoning, Research'Section, 2003. 7 Change 90 Change .1990 to 00 2000 1990 90 to 00 2000 Total Units 596 158 754. 771,288 80,990, 852,278 Occupied Units 544 170 714 692,355 84,419 776,774 Owner Occupied 170 111 281 375,912 73,413 449,325 Renter Occupied 374 59 433 316,443 .11,006 327,449 Vacant Units 70 -30. 40 78,933 -3,429 75,504 For Rent 35 -22 13 31,611 - 11,745 19,866 For Sale 2 -1 1 11,007 -1,152 9,855 Seasonal/Other 15 -10 5 32,736. -3,090 29,646 Vacant/Boarded Up/ Other Vacant 18 3 21 3,579 12,558 16,137 Percent Total Units 100% 27% 100% 100% 100% 100% Occupied Units 91% 31% 95% 90% 104% 91% Owner Occupied 29% 65% 37% 49% 91% 53% .Renter Occupied 63% 16% 57% 41% 14% 38% Vacant Units 12% -43% 5% 10% -4% 9% For Rent 6% -63% 2% 4% -15% 2% For Sale 0% -50% 0% 1% -1 % 1% Seasonal/Other 3% -67% 1% 4% -4% 3% Vacant/Boarded Up/ Other Vacant 3% 17% 3% 0% 351% 2% Vacancy Rate 12% -19% 5% 10% -4% 9% Source: U.S. Census Bureau, Census 2000, Summary File 3, Miami-Dade County Department of Planning and Zoning, Research'Section, 2003. 7 Housing Values and Rents All of the owner - occupied homes in South Miami were valued at. less than $100,000 in 2000. The comparable County figure was 34 percent. .Table 5 Value of Specified Owner-Occupied Housing South Miami and Miami -Dade County 1990 to 2000 1990 2000 South Miami Miami- Dade South Miami Miami- Dade Total Units 138 275,298 83 335,815 less than $30,000 18 4,095 0 2,097 $30,000 to $59,999 60 44,179 32 13,900 $60,000 to $99,999 54 129,221 51 98,294 $100,000 to $149,999 4 52,723 0 109,962 $150,000 to $199,999 2 18,764 0 53,514 $200,000+ 0 25,746 0 58,048 Percent Total Units 100.0% 100.0% 100.0% 100.0% less than $30,000 13.0% 1.5% 0.0% 0.6% $30,000 to $59,999 43.5 % 16.0% 38.6% 4.1% $60,000 to $99,999 39.1% 46.9% 61.4% 29.3% . $100,000 to $149,999 2.9 %, 19.2% 0.0% 32.7% $150,000 to $199,999 1.4% 6.8% 0.0% 15.9% $200,000+ 0.0% 9.4% 0.0% 17.3% Source: U. S. Bureau of the Census, Census of Population and Housing, Summary Tape File 1, Florida, 1990. U.S. Census Bureau, Census 2000, Summary File. 3, Miami-Dade County Department of Planning and Zoning, Research Section, 2003. 8 About 76 percent of rental units rented for less than $500. The comparable County figure was 38 percent. Table 6 Contract Rent for Renter- Occupied,Units South Miami and Miami -Dade County 1990 to 2000 9 1990 2000 South Miami Miami -Dade South Miami Miami -Dade Total Units 361 305,935 325 326,833 less than $100 54 15,527 50 18,675 $100 to $199 95 16,181 88 16,614 $200 to $249 46 14,021 39 5,360 $250 to $299 41 21,364 14 6,510 $300 to $349 49 30,280 20 10,741 $350 to $399 34 39,390 21 16,473 $400 to $449 21 36,104 - 22,095 $450 to $499 17 34,036 15 29,180 $500 to $599 4 48,431 40 58,061 $600 to $699 0 25,047 12 53,707 $700+ 0 .25,554 26 89,417 9 Percent Total Units 100.0% 100.0% 100.0% 100.0% less than $100 15.0% 5.1% 15.4% 5.7% $100 to $199 26.3% 5.3% 27.1% 5.1% $200 to $249 12.7% 4.6% 12.0% 1.6% $250 to $299 11.4% 7.0% 4.3% 2.0% $300 to $349 13.6% 9.9% 6.2% 3.3% $350 to $399 9.4% 12.9% 6.5% 5.0% $400 to $499 5.8% 11.8% 0.0% 6.8% $450 to $499 4.7% 11.1% 4.6% 8.9 %. $500 to $599 1.1% 15.8% 12.3% 17.8% $600 to $699 0.0% 8.2% 3.7% 16.4% $700+ 0.0% 8.4% 8.0% 27.4% Source: U. S. Bureau of the Census, Census of Population and Housing, Summary Tape File 1-A, Florida, 1990. U.S. Census Bureau, Census 2000, Summary File 3, Miami -Dade County Department of Planning and Zoning, Research Section, 2003. . 9 Income Incomes in South Miami were lower than the County average. About 80 percent of all households with income had incomes .below. $35,000, compared to. 48 percent in Miami -Dade County. Table 7 Income Distribution Households with Income South Miami and Miami -Dade County 1999 10 Total South Miami Black Hispanic Total Miami -Dade Black Hispanic Less than $10,000 178 92 93 107,901 27,389 62,527 $10,000 to $14,999 61 46 15 58,409 12,035 35,437 $15,000 to $24,999. 119 112 7 111,649 22,886 67,667 $25,000 to $34,999 56 40 16 100,833 19,273 59,907 $35,000 to $49,999 85 52: 14 121,780 21,239 69,946 $50,000 and over 16 10 0 276,806 35,232 141,943 Total Households 515 352 145 777,378 138,054 437,427 Percent Less than $10,000 35% 26% 64%, 14% 20% 14% $10,000 to $14,999 12% 13% 10% 8 % 9% 8% $15,000 to $24,999 23% 32% 5% .14% 17% 15% $25,000 to $34,999 11% 11% 11% 13% 14% . 14% $35,000 to $49,999 17% 15% 10% 16% .15% 16% $50,000 and over 3% 3% 0% 36% 26% 32% Total Households 100% 100% 1000/0 1000/0 1000/0 100% Source: U.S. Census Bureau, Census 2000, Summary File 3, Miami Dade County Department of Planning and Zoning, Research Section, 2003. 10 Poverty In 2000, . South Miami continued to be a high - poverty area. The poverty rate for persons was 49 percent, considerably. higher than the County's 18 percent,. and up. from the 38 percent recorded in 1990. Children were especially affected by poverty. About 60 percent of all children under 18 were poor, higher than the 44 percent reported in 1990. This was considerably worse than the County's high poverty rates for children, 23 percent. Table 8 Number and.Percent of Persons in Poverty South Miami and Miami -Dade County 1990 and 2000 Source: U.S. Census Bureau, Census 2000, Summary File' 3, Miami -Dade .County Department of Planning and Zoning, Research Section, 2003. Reflecting personal poverty,. household poverty rates also remained quite high. About 43 percent of all family households were 'below the poverty level, an increase over the 37 percent in 1980. Among female householder households with. children, a high 56 percent were in poverty, about the same level as in 1990. Table 9 Percent of Households in Poverty South Miami and Miami -Dade County 1990 and 2000 South Miami Miami -Dade 1990 2000 1990 2000 Number Percent Number Percent Number Percent Number Percent Poor Poor Poor Poor Poor Poor Poor Poor Family Households 146 37% 111 43% 68,679 14% 80,108 14% Female headed families, with children & no husband present 111 58% 69 56% 27,076 42% 31,621 37 %. Source: U.S. Census Bureau, Census 2000, Summary File 3, Miami -Dade County Department of Planning and Zoning, Research. Section, 2003. 11 South Miami Miami -Dade 1990 2000 1990 2000 Total Persons 768 38% 714 49% 341,261 18% 396,995 .18% Black 520 31% 590 40% 117,357 30% 124,801 29% Hispanic 168 78% 122 8% 183,207 20% 223,335 18% Elderly 154 58% 107 7% 52,706 20% 55,020 19% Young Under 5 99 .46% 110 8% 33,721 25% 32,995 23% Under 18 294 44% . 345 24% 111,739 24% . 127,435 23% Source: U.S. Census Bureau, Census 2000, Summary File' 3, Miami -Dade .County Department of Planning and Zoning, Research Section, 2003. Reflecting personal poverty,. household poverty rates also remained quite high. About 43 percent of all family households were 'below the poverty level, an increase over the 37 percent in 1980. Among female householder households with. children, a high 56 percent were in poverty, about the same level as in 1990. Table 9 Percent of Households in Poverty South Miami and Miami -Dade County 1990 and 2000 South Miami Miami -Dade 1990 2000 1990 2000 Number Percent Number Percent Number Percent Number Percent Poor Poor Poor Poor Poor Poor Poor Poor Family Households 146 37% 111 43% 68,679 14% 80,108 14% Female headed families, with children & no husband present 111 58% 69 56% 27,076 42% 31,621 37 %. Source: U.S. Census Bureau, Census 2000, Summary File 3, Miami -Dade County Department of Planning and Zoning, Research. Section, 2003. 11 Employment Labor Force Status . In 2000, 16 percent of the civilian labor force in South Miami was unemployed, the same level as in 1990, but much higher than the comparable County figure (9 percent). The rate of labor force participation in the area was much lower than the County average. About 62 percent of area residents over 16 were not in the labor force, i.e., neither employed nor looking for work; compared to Miami - Dade's 43 percent. Table 10 Labor Force Status, Persons 16 Years and Over South Miami and Miami -Dade County 1990 and 2000 South Miami Miami -Dade 1990 2000 1990 2000 Hispanic Hispanic . Total Total Black Origin Total Total Black Origin Civilian Labor Force 6,674 359 313 30 976,754 1,009,456 184,703 586,601 Employed 5,626 300 260 30 901,828 921,208 159,184 535,989 Unemployed 1,048 59 53 0. 74,926 88,248 25,519 50,612 Not in Labor Force . 3,609 577 381 175 537,778 747,409 134,834 460,333 Percent Civilian labor Force 100% 100% 100% 100% 100% 1000/0 100% 1000/0 Employed 84% 84% .83% 100% 92% 91% 86 %. 91% Unemployed 16% 16% 17% 0% 8% 9% 14% . 9% Not in Labor Force 35% 62% 55% 85% 36% 43% 42 % 44% Note: All figures refer to the civilian labor force. Members of the armed forces are excluded. Source: U.S. Census Bureau, Census 2000, Summary File 3, Miami -Dade County Department of Planning. and Zoning, Research Section, 2003. 12 Educational Attainment The educational attainment levels of South Miami residents over 25 years lagged behind the County levels. A high 48 percent had not completed high school compared to the County average (15 percent). Only 7 percent had, completed four or more years of college compared to 21 percent in Miami -Dade. Table 11 Educational Attainment Persons Age 25 and Over South Miami and Miami -Dade County 1990 to 2000 1990 2000 South Miami Miami -Dade South Miami Miami -Dade Not High School Graduate .617 448,282 396 229,000 High School Graduate 375. 296,444 229 458,458 .1 -3 Years College 154 296,109 139 536,040 4 Years of College + 29 240,460 56 .323,399 Total 1,175 1,281,295 820 1,546,897 Percent Not High School Graduate .53.7% 35.0% 48.3% 14.8% High School Graduate 26.5% 23.1% 27.9% 29.6% 1 -3 Years College 15.8% 23.1% 17.0% 34.7% 4 Years of College + 4.0% 18.8% 6.8% 20.9% Total 100.0% 100.0% 100.0% 100.0% Source: U.S. Bureau of the Census, Census of Population and Housing, Summary Tape File 3A, Florida, 1990. U.S. Census Bureau, Census 2000, Summary File 3, Miami-Dade County Department of Planning and Zoning; Research Section, 2003. 13 i CRA PLAN UPDATE — PHASE II APPENDIX C TABLE CA — 2004 Income Limits Schedule Florida Housing Financo Corporation January 2004 CITY OF SOUTH MIAMI, FLORIDA. 12-23-04 DRAFT =t m �z Q y p 4 � A In ° N 3 t1 a a H oa+00000m000 in<=L OQ0C•Inoo °000N00000 F �.• � O bp LV H OI Ca 4Y tip nYR aL S N N N f M e�•a A �a N d N N ri w� 4 T IA IA ►� � A � N N N ••0 eh s b O w N d N 0 0 0 0 G Q O O.O t3 O O G O G O.0 0 G'5 M N Ia Pte/ .vt 1p n pp n laa iL m 4 A I.a O� O pp u p p 2-1 C w w V Id V b fJ O v1 O 1.1 O O 1: R ct N w �(1 a> V 7 b =!e M .f \ 4: +p. J R M r @ E 1V CI F q M Ij m. faM r t�I h Q f• N rn M R f 4.7 N� h N k -t ' O R= t`J A 6 q t/ +f f� N G'1 N tYa !7 O N O h O� It1 0 �- r w T O N w A 0-60 C N t•1 n q �a O h = to 0 Q In tl G '@ fa � .� b O O1 f � 4. s•� ia a7 f? ` (1! v !l �Y �Y S• O PI L b O N N N N N M �s a R a o "i0 owe r2 \.- �! 1% ? C� N H �iaftP '� 4! '�! � Ct; n eri W, f. bIl"IW% C� N w, b N C� ILZ W p C 4 W r r � CI' N N N nY R i.1 .. �" I N N ea . ff 4 m iG r r Fi N N era N A • q A O N O G O O Q G CIO h-, O O G O G O A O 0 0 O 6 O I4F N N i11 rs Y� or p Op cpa ee pp e N ! In. M G C! 4i O N IA fr O M V fi N M O, A %1 O of fti If A ?I M1 CI \ W^ � 1J 6 47 A q 0.� It +r N w Ct N tf'1 r .Y�+ O Ya V• O W N ad It 41 +r a0 r a+ �L Q m J O n V e'S 4 as In O_ 1A r W r' N h (T•� tR ((RTTlsS da � " =t *0 7T it 0: =t 9 it kq It 9 at M vt Yom�+.` 0 A it `R xt g =Z A it g it tqR it cc y N A R f V W N � A Q b u b 4 M a W YN'y N 4 Ni a Vwa Vi ^' R Y7 IOY 7 tOi u7 r a� b U � r.1 •L 3 m m tt w W LL U CY Florida Housing Financo Corporation January 2004 CITY OF SOUTH MIAMI, FLORIDA. 12-23-04 DRAFT CRA PLAN UPDATE PHASE II APPENDIX C TABLE C.2 — 2004 Rent Schedule. by Number of Bedrooms in Unit Elfeclive 1202004 ution pasted 1990 and Later FWC Pcsiod V29404- Dy Wmbor cf 9odrooms Florida Housing Finance Corporation 2004 h1aximum Rents by Number of Bedrooms in Unit iIflTE: 71&S schedule is la be used bydevelcpl:lenls particlpating In L1e follorrfng pro ems: Housi^.g Ctedd (HC) receiving allocations CN and AF1' =11 January 1,14'}0. Stale Housing Initlatives Parinershlp (SHP), and HUD MAIlrarnIly Risk Sharing. Excluding SHIP. lhesa Figures roprosord MAXIMUM gross fortis vRtich roust include an allowanco !cr uttfios, Florida Housing Finance Corporation March 2003 CITY OF SOUTH MIAMI, FLORIDA. 12 -23 -04 DRAFT Percentage Number of Bedrooms in Unit City (County) Category EFF 1 2 3 4 Minesvil a LISA 3 273 293 2 4 0 4 3 (Alachua) 33% 301 322 387 447 499 35% 319 342 411' 475 530 . 40% 365 391 470 543 606 45% 410 440 528 610 681 50% 456 489 587 678 757 60% 547 587 705 814 909 80% 731 783 940 1,085 1,211 120% 1.095 1.174 1.410 1.629 1.818 Jac sonvr r hl5A 28% 217 291 356 411 465-- (Clayltislvall 30% 297 318 382 441 492 Nassau(SaintJohns) 35% 346 371 445, 514 574 40% 396 424 509 588 657 45% 445 477 572 652 739' 50% 495 530 636 735 821 60% 594 636 763 882 985 W%' 792 .848 1, 018 1,1'7 1,312 120% 1 1,188 1 1,273 1 1,527' 1 1,765 1,971 axetan dWVinter H avon M SA 30% 246 264 31t� 356 4DU (Polk) 33% 271 290 348 403 449 35% 287 308 370: 427 476 40% 329 352 4231 489 545 45% 370 396 475: 550 613 50% .411 440 526 611 681 60% 493 528 634 733 817 80% 657 705 846, 977 1,090 120% 1 987 1 1,057 1,269 1,467 1,636 ralelbourrie- Rtusygle Pain Bay h1SA 30% 287 308 368, 426 476 (Brevard), 35% 335 359 430 497 555 40% 383 410 492 569 635 45% 430 461 553, 640 714 50% 478 513 615 711 793 60% 574 615 738 853 952 80% 766 820 985 1,137 1,268 121 %% 1,149 - — 1,231 -- 1,476 1.707 11905 ,iami o (Dade) 33% 304 326 391 452 504 35% 322 346 414, 479 534 40% 369 395 474 548 611 46% 415 444 533 616 687 50% 461 494 592 685 763 60% 553 593 711 822 916 an 737 790 948 1,096 1,222 120% 1,107 1,126 1,422 1644 1,833 Florida Housing Finance Corporation March 2003 CITY OF SOUTH MIAMI, FLORIDA. 12 -23 -04 DRAFT X11 2001 ilinking our Ncigh barfioad a Grx:a, Abcw to Live; Wank and May' To: Honorable Chair and SMCRA Board From: Maria Davis SMCRA Executive Director Date: January 10, 2005 ITEM No. Re: CRA Board meeting 1110 /05 Purchase of infill lots REQUEST A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY APPROVING THE EXECUTIVE DIRECTOR TO NEGOTIATE THE PURCHASE OF TWO PROPERTIES IN THE CRA AREA IDENTIFIED FOR THE MADISON SQAURE DEVELOPMENT FOR THE LOW APPRAISED MARKET VALUE OF $44,100 FOR 6429 SW 60 AVENUE AND $20,625 FOR 6415 SW 59 PLACE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE $64,725.00 FROM THE (CASH CARRY OVER) ACCOUNT FOR THE PURPOSE OF ECONOMIC DEVELOPMENT LEAVING A BALANCE OF $141, 266.00; AND PROVIDING AN EFFECTIVE DATE. BACKGROUND AND ANAYLSIS The SMCRA has created a South Miami Community Redevelopment Agency (SMCRA) pursuant to Chapter 163, Part III, Florida Statutes and the Community Redevelopment Plan which specifically authorizes the SMCRA to acquire by purchase the real property or personal property to hold clear or prepare for redevelopment. The SMCRA Board has determined that the assembly of the vacant properties for economic development purposes is required for the Madison Square Development Project. Approval of the attached resolution will enable the SMCRA to purchase the property at 6415 SW 59 Place and 6429 SW 60 Avenue, within the boundaries of the redevelopment area. The proposed lots are currently vacant and available for purchase. The SMCRA has funds of $205,991.00 available in the (Cash Carry Over Fund) for the land purchase. The remaining account balance after $60,725.00 for acquisition is $141,266.00. RECOMMENDATION Your approval is recommended. DOD /JCM KAC R A\Property Purchase 6429 SW 60 Av. & 6415 SW 59 PI /doc 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 RESOLUTION NO. A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY APPROVING THE EXECUTIVE DIRECTOR TO NEGOTIATE THE PURCHASE OF TWO PROPERTIES IN THE CRA AREA IDENTIFIED FOR THE MADISON SQAURE DEVELOPMENT FOR THE LOW APPRAISED MARKET VALUE OF $44,100 FOR 6429 SW 60 AVENUE AND $20,625 FOR 6015 SW 59 PLACE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE $64,725.00 FROM THE (CASH CARRY OVER) ACCOUNT FOR THE PURPOSE OF ECONOMIC DEVELOPMENT LEAVING A BALANCE OF $141, 266.00; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of South Miami (City) has created a South Miami community Redevelopment Agency ( SMCRA) pursuant to Chapter 163, Part III, Florida Statutes; and WHEREAS, the SMCRA has adopted a Community Redevelopment Plan which specifically authorizes the SMCRA to acquire by purchase real property or personal property to hold clear or prepare for redevelopment; and WHEREAS, the SMCRA has determined that the acquisition and conveyance of certain vacant properties is necessary for economic development projects; and WHEREAS, the SMCRA has identified 6429 SW 60 Avenue and 6015 SW 59 Place as properties necessary to acquire in order to implement the Madison Square Development Project: and WHEREAS, the SMCRA has engaged the services of professional property appraisers in order to determine a fair appraised market value for the two identified properties. NOW, THEREFORE, BE IT RESOLVED BY SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY: Section 1. The Executive Director is authorized to disburse up to $ 60,725.00 from the (Cash Carry Over) account leaving $141, 266.00 for the purpose of land assembly for economic development projects specifically to purchase the following two properties identified as 6015 SW 59 Place (folio 09 -4025- 010 -0300) and 6429 SW 60 Avenue (folio 09 -4025- 010- 0040). Section 2. That the resolution shall take effect immediately upon approval. PASSED AND ADOPTED this day of ATTEST: SECRETARY READ AND APPROVED AS TO FORM: APPROVED: CHAIRPERSON 2005. Board Vote: Chairperson Russell: Vice Chairperson Palmer: Board Member: Wiscombe: Board Member: Cooper Board Member: Dr. Price Board Member: Cobb Show Me: fi5r—operty Infon-nation Search By: Select eC-t rt ;m -j- - Text only IV, Color Aerial Photography Use *'fbr Black & White Summary Details. Wolio -- - — Aerial Photography - AjrPhoto USA 2004 0 — 112 ft We appreciate your feedback, please take a minute to complete our surrey, My- �oe I Rropgrty Information I RrqpAdLTaxe A I My Neighborhood I Property Aporaiser Home I Using Our Site I About I Phone Olrectory I Privacy I Disclaimer If you experience tedinical difficulties with the Property Information application, please clipk- here to let us know. E-mail your comments, questions and suggestions to Webmaste Web Site 0 2002 Miami-Dade County. All rights reserved. I 4 Text oni Color Aerial Photograph Use for Black & White SummaDetalls: �olim X90.: OS 4 -010-)300 Sale Information: Aerial Photography - AirPhoto USA 2004 0 — 112 ft le O/R: -1 le Date: 2/2004 ale Amount:, MO -19-' We appreciate your feedback, please take a minute to complete our survey. MK—HO-Me I I Property gxes I My No!-ghborhood I Erppg&y ApAraiser Hom I Using Our Site I About I Phone Directo!✓ I PrIvac y I p: isclaimer _ If you experience technical difficulties with the Property Informadon application, please click here to let us know. E-mail your comments, questions and suogestions to WobmasuLr Web Site 0 2002 Miami -Dade County, All rights reserved- MEN= . 1 1 =4 II'XU !If:=, 4 4 APPgq,S � 9< M. GROUP INC. SUMMARY APPRAISAL REPORT OF 5,875 SQUARE FOOT VACANT PARCEL OWNER: ROG INVESTMENTS, INC. LOCATED AT 6429 SW 60th AVENUE SOUTH MIAMI, FLORIDA AS OF DECEMBER 22, 2004 PREPARED FOR MR MICHAEL SPROVERO EXECUTIVE DIRECTOR COMMUNITY REDEVELOPMENT CITY OF SOUTH MIAMI 6130 SUNSET DRIVE MLAMI LAKES, FLORIDA 3665 N.W. 924TH AVENUE • CORAL SPRINGS, FLORIDA 33065 PHONE: 954 - 575 -2399 • FAX: 954 - 252 -4504 • EMAIL: RMAGINC @AOL.COM December 31, 2004 Mr. Michael Sprovero Executive Director Community Redevelopment City of South Miami 6130 Sunset Drive South Miami, Florida 33143 Re: ROG Investments, Inc. 6429 SW 60th Avenue South Miami, Florida Dear Mr. Sprovero: e, R A plyq € om��- INC. Pursuant to our appraisal agreement, we have completed an appraisal of the above - captioned parcel. The purpose of the appraisal is to estimate the market value ofthe subject parcel as of December 22, 2004. The property consists of 5,875 square foot vacant parcel of land. The site was previously improved with a single -family residence that has since been razed. The function of the report is for the potential purchase of the property by the City of South Miami as part of their Community Redevelopment Program The intended users of this report are the City of South Miami and their representatives. Market value is defined as "the most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under undue duress." The attached report contains our analysis of the factual market data, which forms the basis for our conclusions.. Your attention is directed to the Certificate of Valuation and the Assumptions and Limiting Conditions, which form an integral part of the attached report. 3665 N.W. 124TH AVENUE • CORAL SPRINGS, FLORIDA 33065 PHONE: 954 - 575 -2399 • FAX: 954 - 252 -4504 • EMAIL: RMAGINC @AOL.COM Mr. Michael Sprovero. December 31, 2004 Page 2 We have personally inspected the property that is the subject of this report. Based upon the conclusions contained in the attached Complete Summary Appraisal Report, in my opinion, the market value of the property as of December 22, 2004 is as follows: EIGHTY TWO THOUSAND FIVE HUNDRED DOLLARS ($82,500) Respectfully submitted, Robert D. Miller, ASA State - Certified General R.E. Appraiser No. 0001270 r MILLER APPRAISAL GROUP INC. TABLE OF CONTENTS Certification............................................................................................................. ............................... l Assumptions and Limiting Conditions .................................................................... ..............................2 Summary of Salient Facts and Conclusions ............................................................. ..............................4 LegalDescription ..................................................................................................... ..............................5 PropertyInspection ................................................................................................... ..............................5 Typeof Property ....................................................................................................... ..............................5 Historyof Property ................................................................................................... ..............................5 PropertyInterest Appraised ...................................................................................... ..............................5 Purposeof Appraisal ................................................................................................ ..............................5 Function of Appraisal .............. ............................... ....5 ............................................. ............................... Definitionof Market Value ...................................................................................... ..............................6 Dateof Value ............................................................................................................ ..............................6 MarketingPeriod ...................................................................................................... ..............................6 RegionalMap ........................................................................................................... ..............................7 Neighborhood Map and Description ........................................................................ ..............................8 Sketchof Subject Property ...................................................................................... .............................10 Descriptionof the Property ..................................................................................... .............................11 Zoning.................................................................................................. ............................... .............12 RealEstate Taxes .................................................................................................... .............................13 Highest and Best Use - Vacant ................................................................................ .............................14 Sales Comparison Approach to Value .................................................................... .............................15 Reconciliation.......................................................................................................... .............................32 MILLER APPRAISAL GROUP INC. 1 1 ►11 Ju Photographs of the Subject Property Deeds Associated With Sales History Qualifications ofAppraiser MILLER APPRAISAL GROUP INC. CERTIFICATION The undersigned does hereby certify that except as otherwise noted in this appraisal report: 1. To the best of our knowledge and belief; the statements of fact contained in this appraisal report, upon which the analysis, opinions, and conclusions expressed herein are based, are true and correct. 2. The reported analysis, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, unbiased professional analysis, opinions, and conclusions. 3. We have no present or prospective interest in the property that is the subject of this report, and I (we) have no personal interest or bias with respect to the parties involved. 4. Our compensation is not contingent on an action or event resulting from the analysis, opinions, or conclusions in, or the use of� this report. 5. Our analysis, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Uniform Standards of Professional Appraisal Practice. 6. No one provided significant professional assistance in the preparation of this report. 7. Robert D. Miller has met or exceeded the minimum prescribed educational requirements for Re- certification as an Accredited Senior Appraiser (ASA) or the American Society of Appraisers. 8. Robert D. Miller did make an inspection of the property that is the subject of this report. ---The most recent inspection was on December 22, 2004. Robert D. Mil er,;ASA State Certified General RE. Appraiser No. 0001270 1 MILLER APPRAISAL GROUP INC. ASSUMPTIONS AND LIMITING CONDITIONS The legal description furnished to the appraiser is assumed to be correct. All existing liens and encumbrances have been considered, however, the property is appraised as though free and clear, under responsible ownership and competent management. The information identified in this report as being furnished to the appraiser by others is believed to be reliable, however, the appraiser assumes no responsibility for its accuracy. The plot plans and illustrative material in this report are included only to assist the reader in visualizing the property. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for arranging for engineering studies that may be required to discover them It is assumed that there is full compliance with all applicable federal, state, and local environmental regulations and laws unless noncompliance is stated, defined, and considered in the appraisal report. It is assumed that all required licenses, certificates of occupancy, consents, or other legislative or administrative authority from any local, state, or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. It is assumed that the utilization of the land and any improvements is within the boundaries or property lines of the property described and that there is no encroachment or trespass unless noted in the report. The distribution, if any, of the total valuation in this report between land and any improvements applies only under the stated program of utilization. The separate allocations for land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. Possession of this report, or copy thereof; does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed without the written consent of the appraiser, and in any event, only with proper written qualifications and only in its entirety. MILLER APPRAISAL 2 GROUP INC. ASSUMPTIONS AND LIMITING CONDITIONS (Continued) Disclosure of the contents of this appraisal is governed by the ByLaws and Regulations of the American Society of Appraisers. The appraiser herein by reason of the appraisal is not required to give further consultation, testimony, or be in attendance in court with reference to the property in question unless arrangements have been previously made. Neither all, nor part of the contents of this report, especially any conclusions as to value, the identity of the appraiser, or the firm with which the appraiser is connected, shall be disseminated to the public through advertising, public relations, news, sales, or other media without the prior written consent and approval of the appraiser. The Americans with Disabilities Act ( "ADA ") became effective January 26, 1992. I have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property, together with a detailed analysis of the requirements of the ADA, could reveal that the property is not in compliance with one or more of the requirements of the Act. If so, this fact could have a negative effect upon the value of the property. Since I have not direct evidence relating to this issue, I did not consider possible non - compliance with the requirements of ADA in estimating the value of the property. Unless otherwise stated in this report, the existence of hazardous materials, which may or may not be present on the property, was not observed by the appraiser. The appraiser has no knowledge of the existence of such materials on, or in the property. The appraiser is not qualified to detect such substances. The presence of substances such as asbestos, urea - formaldehyde foam insulation, or other potentially hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is no such material on or in the property that would cause a loss in value. No responsibility is assumed for any such conditions, or for any expertise or engineering knowledge required to discover them. The client is urged to retain an expert in this field, if desired. MILLER APPRAISAL 3 GROUP INC. SAY OF SALIENT FACTS AND CONCLUSIONS PROPERTY LOCATION: 6429 SW 60th Avenue City of South Miami, Miami -Dade County, Florida OWNER'S NAME: ROG Investments, Inc. OWNER'S ADDRESS: 8042 West 21st Avenue Hialeah, Florida 33016 DATES OF INSPECTION: December 22, 2004 SIZE OF SUBJECT PROPERTY: 5,875 square feet PRESENT USE: Vacant Land HIGHEST AND BEST USE: Neighborhood Commercial Use IMPROVEMENTS: None -site was previously used as single- family residence -since razed ZONING: NR Neighborhood Retail COST APPROACH TO VALUE: N/A SALES COMPARISON APPROACH TO VALUE: $82,500 INCOME APPROACH TO VALUE: N/A MARKET VALUE OF THE WHOLE PROPERTY (RECONCILIATION): $82,500 DATE OF VALUATION: December 22, 2004 MILLER APPRAISAL 4 GROUP INC. LEGAL DESCRIPTION: Lot 3 less the west 2.5 feet for right of way of Block 1 of Franklin Subdivision as recorded in the Official Records of Miami-Dade County, Florida in Plat Book 5Page 34 PROPERTY INSPECTION: 1. Date(s) inspected: December 22, 2004 2. Comments: The property is vacant, although previously used as single - family residence. TYPE OF PROPERTY: The subject is a 5,875 square feet of land area and is zoned for a neighborhood commercial use. HISTORY OF PROPERTY: The subject property was purchased in November of 2002 with a sale price of $43,000. The sale was recorded in OR Book 21574 Page 2794 and a copy of the acquiring deed is in the addendum of this report. The property was then deed in lieu of foreclosure from the previous owner, Mr. Jonathan Smith to the present owner of the property, ROG Investments, Inc. A copy of this deed is also included in the addendum of this report. PROPERTY INTEREST APPRAISED: For the whole property, the property rights appraised are fee simple title ownership considering any restrictions of use. PURPOSE OF THE APPRAISAL: The purpose of the appraisal is to estimate the market value of the subject property as of a current date. FUNCTION OF THE APPRAISAL The function of the appraisal is for utilization by the City of South Miami in their potential purchase of the property from ROG Investments, Inc. The intended users of the report are the representatives of ROG Investments, Inc., the City of South Miami, their legal counsel and any other designated representatives. MILLER APPRAISAL 5 GROUP INC. DEFINITION OF MARKET VALUE: The most probable price in cash, as of a specified date, financial arrangements equivalent to cash, or in other precisely revealed terms, for which the appraised property will sell in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self - interest, and assuming that neither is under duress. EFFECTIVE DATE (DATE OF VALUE): The date of value is December 22, 2004 the date of our latest inspection. The date of this report is December 31, 2004. MARKETING PERIOD Based upon discussions with various brokers and review of the marketing period for similar lands we have estimated a marketing period of one year. The estimated marketing period is based upon our review of marketing periods for vacant land in the subject market area. COMPETENCY PROVISION The appraiser has completed numerous vacant land appraisals in his 22 years as a real estate appraiser in Miami -Dade County. As a result of the appraisers experience, the competency provision of USPAP has been met. MILLER APPRAISAL 6 GROUP INC. REGIONAL MAP MILLER APPRAISAL GROUP INC. REGIONAL MAP 7 '1. 1.. $ GROUP INC. NEIGHBORHOOD DESCRIPTION The subject neighborhood is primarily a single - family residential neighborhood with several church facilities located within the residential community. The majority of the properties are single family oriented, although several apartment type buildings were noted in our review. Two apartment complexes are located within one block of the subject property and several vacant lots and boarded residences were noted in our review. The subject neighborhood does have a few commercially zoned tracts that would provide for the local shopping needs of the residents. Located on SW 59'h Place at the corner of 64h Street is a small neighborhood convenience store. The City of South Miami has targeted this area for some redevelopment activity. Based upon our review of the neighborhood and the sales activity reviewed, it is our opinion that the subject neighborhood is nearing a phase of development that will entail new construction as well as renovation of existing residential properties. The small pockets of neighborhood retail zoning should provide for sufficient capacity of commercial uses to service the area residents and thus minimizing the already congested commercial areas along US I (Dixie Highway). In our opinion, the subject neighborhood would be rated as stable with some upward increase in market values associated with the potential for redevelopment in the area. W S 2 uj 5 lrlr- ,j 3 T IIIS DESCRIPTION OF THE PROPERTY Location: 6429 SW 60th Avenue, South Miami, Miami -Dade County, Florida Land Area: The subject property contains 5,875 square feet of land Shape/Dimensions: The site is basically rectangular with dimensions of 50 feet by 117.5 feet, see sketch on previous page. Ingress/Egress: The property has approximately 50 +/- feet of frontage on the east side of SW 60'h Avenue with a depth of approximately 117.5 feet. The access to the site is from SW 6e Avenue. Topography: The topography of the site is at grade of the surrounding properties. Based upon visual inspection of the site and buildings on adjacent properties, the soil conditions are considered adequate for most types of development. Utilities on Site: The following utilities are available where indicated: X Electric X Water X Telephone X Sewer 11 EASEdIENTS/ENCROACI MENTS Restrictions, covenants, hmMions and easement of record were considered typical for this type of property. REAL ESTATE ASSESSMENT DATA Taxing Authority: Taxpayer: Folio Number(s): Total Assessment: (2004) Total Real Estate Taxes: (2004) 13 Miami -Dade County ROG Investments, Inc. 09 -4025- 010 -0040 $41,602 $1,100.25 MILLER APPRAISAL GROUP INC. HIGHEST AND BEST USE - VACANT The estimate of the highest and best use of the land as legally permitted, if vacant, requires extensive market analysis especially in terms of the indicated market conditions of supply and demand. The value of the land is based upon the level of utility that is in demand and that will produce amenities or net income to the user. Therefore, the use which creates the greatest land value and which is considered compatible in terms of the restrictions imposed by the physical, legal, economic, and financial factors is inherent in this analysis. The following analysis is intended to demonstrate and support our estimate of the highest and best use of the subject site. Physically Possible The subject property contains 5,875 square feet of land area. The site is basically rectangular and has a suitable width and depth for development. The shape is suitable for many types of development, although the small size will limit the potential uses of the site. Yet overall, the site could be physically developed with commercial, residential and industrial uses. Legally Permissible The parcel is zoned for a neighborhood retail type use. This use will provide for a commercial neighborhood in the middle of a residential area that will provide for development with commercial uses compatible to the neighborhood setting. On 59`" Place, a convenience store is an example of the type of developments for this zoning classification. Financially Feasible The financially feasible uses of the parcel would include any of the legally permitted uses, therefore, the only financially feasible use would be for a commercial development. The entire commercial area would need to be rezoned to a residential use in order to feasibly consider a residential use in our analysis. Based on the existing surrounding uses, we did not feel that a residential use would be allowed at this location. Maximally Productive The most maximally productive use of the site should produce the highest price or return required by the market for that use. After determining those uses, which are physically, possible, legally permissible and financially feasible, it is our opinion that the most maximally productive use of the land, as vacant, is for some type of commercial retail use compatible with the neighborhood setting. MILLER APPRAISAL 14 GROUP INC. APPROACHES TO VALUE ONIITTED -AS NOT APPLICABLE ( ) MARKET (CK) COST (XX) INCOME Since the subject site is basically a vacant parcel of land, the Market or Sales Comparison Approach to Value is considered most applicable in this assignment. The highest and best use was deemed to be for future development with a neighborhood retail use or assemblage for a larger scale development. Therefore a land valuation was considered to be most applicable. As a result, the Cost and Income Approaches to Value were not considered applicable. MILLER APPRAISAL 15 GROUP INC. ESTIMATE OF LAND VALUE The land value is estimated by the Sales Comparison Approach This approach is often referred to as the Direct Comparison Approach because the comparison procedure is its basic technique. The Sales Comparison Approach requires careful selection of sale properties to ensure that they are relatively similar to the subject. No two properties are exactly alike. Therefore, a comparison between the subject and the sales must be considered in arriving at an indication of value for the subject. The following sales are deemed physically and economically comparable to the subject. An analysis sheet for each sale is included in the report. The normal items of comparison are discussed following the presentation of the sales data. We have considered the unit sale price per square foot of land area to be most appropriate unit of comparison in this assignment. MILLER APPRAISAL 16 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 1- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19451 -3676 Folio No. 09- 4025- 022 -0170 LOCATION OF SALE: Southwest corner of SW 68'" Street and SW 62''d Avenue, South Miami, Florida GRANTOR: Harry R. and Elizabeth F. McGinnis GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 1 and 2, Block 3 of Cocoplum Terrace PB 25, Page 4 Miami -Dade County DATE OF SALE: January 5, 2001 DIMENSIONS /SIZE: 11,198 square feet CONSIDERATION: $150,500 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail SALE PRICE PER SQ FT: $13.45 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is vacant parcel of land. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 17 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 2 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19547 -1535 Folio No. 09- 4025- 022 -0180 LOCATION OF SALE: West side of SW 62' Avenue, 100 feet south of SW 68"' Street, South Miami, Florida GRANTOR: Hapan 56 Corporation GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 3 and 4, Block 3 Cocoplum Terrace, Plat Book 25 Page 4 less east 10 feet DATE OF SALE: January 19, 2001 DIMENSIONS /SIZE: 11,500 square feet CONSIDERATION: $100,000 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail SALE PRICE PER SQ FT: $8.70 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed FYWROVEMENTS: The property is a vacant commercially zoned site with no improvements on the site. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 18 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 3- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19547 -1533 Folio No. 09- 4025- 022 -0190 LOCATION OF SALE: Northwest corner of SW 69a' Street and SW 62"a Avenue, South Miami, Florida GRANTOR: GRANTEE: LEGAL DESCRIPTION: DATE OF SALE: DEWENSIONS /SIZE: CONSIDERATION: FINANCING: SALE PRICE PER SQ FT: TYPE OF INSTRUMENT: IMPROVEMENTS: CONDITIONS OF SALE: ENCUMBRANCES: VARIOUS ON -SITE UTILITIES: Hapan 56 Corporation Southeastern Investment Group, Inc. Lots 5 and 6 of Block 3, Cocoplum Ten-ace PB 25, Page 4, less the east 10 feet January 19, 2001 10,813 square feet $91,000 Cash to seller NR-Neighborhood Retail $8.57 per square foot of land area Special Warranty Deed The property was vacant and located in similar neighborhood. Arms Length Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. All utilities available to the site The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 19 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 4 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19547 -1476 Folio No. 09- 4025- 022 -0230 LOCATION OF SALE: Southwest corner of SW 69`h Avenue and SW 62` d Avenue, South Miami, Florida GRANTOR: Hapan Orchard, Inc. GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 1 and 2, Block 4 Cocoplum Terrace, PB 25 Page 4, less the east 10 feet DATE OF SALE: January 19, 2001 DEWENSIONS/SIZE: 14,548 square feet CONSIDERATION: $89,000 FINANCING: Cash to seller ZONING: LO -Low Intensity Office SALE PRICE PER SQ FT: $4.74 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The site was vacant and available for development. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 20 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 5 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 22723 -10221 Folio No. 09- 4025- 010 -0030 LOCATION OF SALE: East side of SW 60'h Avenue, 50 feet south of SW 64h Street, South Miami, Florida GRANTOR: Mildred Berry GRANTEE: Richard Prioleau, Jr. LEGAL DESCRIPTION: Lot 2, less west 2.5 feet of Block 1 of Franklin Sub. PB 5, Page 34 DATE OF SALE: October 7, 2004 DIMENSIONS /SIZE: 5,875 square feet CONSIDERATION: $85,000 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail SALE PRICE PER SQ FT: $14.47 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is improved with an older single - family residence that was boarded up during our inspection period. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is located near the subject property and is considered to be very similar to the subject property. MILLER APPRAISAL 21 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 6 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 21081 -1211 Folio No. 09- 4025- 022 -0251 LOCATION OF SALE: Southeast corner of SW W' Street and Oakland Avenue, South Miami, Florida GRANTOR: Nafo Corporation GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 10 and 11 of Block 4, Cocoplum Terrace, PH 25 Page 4 DATE OF SALE: March 3, 2003 DEWENSIONS /SIZE: 9,500 square feet CONSIDERATION: $125,000 FINANCING: Cash to seller ZONING: RS -3 Low Density Residential SALE PRICE PER SQ FT: $13.16 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property was improved with a 1,398 square foot residential property built in 1954. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: Another site purchased by developer for redevelopment in this neighborhood. MILLER APPRAISAL 22 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 7 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 22678 -2408 Folio No. 09- 4025- 010 -0630 LOCATION OF SALE: West side of SW 501 Avenue, 150 feet north of SW 66h Street, South Miami, Florida GRANTOR: Claudia Mae Wright, et al GRANTEE: Gary D. Eisenberg LEGAL DESCRIPTION: Lots 61 and 62, Block 10 Franklin Subdivision PB 5, Page 34 DATE OF SALE: September 21, 2004 DIMENSIONS /SIZE: 15,150 square feet CONSIDERATION: $70,000 FINANCING: Cash to seller ZONING: RS-4 Single Family Residential SALE PRICE PER SQ FT: $5.76 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is vacant residential zoned site. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site has a Residential zoning classification and is located in the subject neighborhood. Sets the lower limit of market value for the subject propMI L L E R APPRAISAL 23 GROUP INC. COMPARABLE SALE NUMBER 8- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 22337 -33171 Folio No. 09- 4025- 010 -0320 LOCATION OF SALE: 6443 SW 59'1 Place, South Miami, Florida GRANTOR: William and Margaret Montgomery GRANTEE: Graham Hanover, Inc. LEGAL DESCRIPTION: Lot 7, Block 3 and Lot 4, Block 1 of Franklin Subdivision, PB 5 Page 34, less road right of ways. DATE OF SALE: May 10, 2004 DIMENSIONS /SIZE: 10,525 square feet CONSIDERATION: $288,750 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail and RS-4 Single Family Residential SALE PRICE PER SQ FT: $27.43 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is improved with a multi family residential complex. Sets the upper Emit of the land value. Improvements contribute value CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. 24 MILLER APPRAISAL GROUP INC. COMPARABLE SALE NUMBER 8- DATA SHEET (CONTINUED) VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is located within one block of the subject property and provides a ceiling on the market value. The site is improved with a substantial structure that is still being used a the highest and best use. Sale was used based on its proximity to the subject property. MILLER APPRAISAL 25 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 9- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 22635 -18611 Folio No. 09- 4025- 090 -0180 LOCATION OF SALE: Southeast corner of SW 63'd Street and SW 62 ❑d Avenue, South Miami, Florida GRANTOR: RPS Investments, Inc. GRANTEE: Ben Horenstein LEGAL DESCRIPTION: Lots 21 to 24, Block 2 of Pines Subdivision, PB 13 Page 2 DATE OF SALE: August 17, 2004 DIMENSIONS /SIZE: 9,000 square feet CONSIDERATION: $165,000 FINANCING: Cash to seller ZONING: RS-4 Single Family Residential SALE PRICE PER SQ FT: $18.33 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is improved with an older residential property on four sub standard width lots. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site has a small improvement on a larger site. MILLER APPRAISAL 26 GROUP INC. COMPARABLE VACANT LAND SALES NEAP 27 MILLER APPRAISAL GROUP INC. SUMMARY OF VACANT LAND SALES SALE SALE SALE SITE UNIT SALE # LOCATION DATE PRICE SIZE IMPROVED ZONING PRICE SWC 68TH ST 1 AND 62ND AVE 115/01 $150,500 11,188 NO NR $ 13.45 WEST SIDE 62ND AVE, 100 FT S OF 68TH 2 ST 1/19101 $100,000 11,500 NO NR $ 8.70 NWC OF 69TH ST AND 62ND 3 AVE 1119/01 $ 91,000 10,613 NO NR $ 8.57 SWC OF 69TH ST AND 62ND 4 AVE 1/19/01 $ 69,000 14,548 NO LO $ 4.74 ES OF 60TH AVE, 50 FT S OF 5 64TH ST 10/7/04 $ 85,000 5,875 YES NR $ 14.47 SEC 69TH ST AND OAKLAND 6 AVE 3/3/03 $125,000 9,500 YES RS -3 $ 13.16 WS OF 59TH AVE, 150 N OF 7 66TH ST 9/21/04 $ 70,000 12,150 NO RS-4 $ 5.76 8 WS 59TH PLACE 5/10/04 $288,750 10,525 YES NR / RS-4 $ 27.43 SEC 63RD ST 9 AND 62ND AVE 8/17/04 $165,000 9,000 YES RS-4 $ 18.33 MILLER APPRAISAL GROUP INC. SALES COMPARISON APPROACH - We have reviewed vacant and improved properties or sales that are located in the general vicinity of the subject property. The sales are located in close proximity to the subject property within the City of South Miami. Some of the sales involved properties zoned with a residential zoning classification. These sales were used in our review of the market and to assist us in developing a range for the subject property with a NR Neighborhood Retail highest and best use. We considered the sale price per square foot of land area to be the most applicable unit of comparison. Market Data Analysis Overall, the sale properties range in size from 5,875 square feet to 14,548 square feet and although the majority of the sales are larger, these are the smallest sites that we researched, which sold within the past four years. The land sales indicated a wide range from a low of $4.74 per square foot of land area for an office -zoned site to $27.43 per square foot of land area for an improved site. The sales that involved only vacant land ranged from a low of $4.74 to a high of $13.45 per square foot of land area. Conditions of Sale: All of the comparable sales utilized in direct comparison were arm's length transactions. Thus, no adjustment for conditions of sale is indicated. However, it was noted that several of the sales were purchased by the same entity as part of an assemblage of lands. This was considered in or overall analysis and coincides with our opinion that the highest and best use of the subject property may involve an assemblage of the site to provide for a larger overall development. Property Rights Conveyed: The property rights appraised for the subject are fee simple subject to the existing easements. The property rights conveyed for the sales utilized in direct comparison are fee simple. Thus, no adjustment for property rights is indicated. Financing: Vacant land of this type is generally acquired for cash or construction loans with institutional financing. Often times, the financing is obtained in the form of an acquisition and development loan. However, it is not uncommon for the seller to provide short term financing. However, all of the sales presented for direct comparison were acquired for cash or with market -based financing. Therefore, no adjustment for financing is indicated. MILLER APPRAISAL 29 GROUP INC. SALES COMPARISON APPROACH TO VALUE (Continued) Market Conditions: We have analyzed numerous sales in the subject area, in the time period from roughly 2000 to the present. The sales took place between January of 2001 and October of 2004. The overall market has increased for the entire South Florida area and we have considered that in our analysis. The most recent NR zoned site sold in October of 2004 for $14.47 per square foot of land area. Although this property was improved with a residence, the building is not occupied and the zoning allows for a more intense use of the site. Location: Locational characteristics deemed significant for residential land include access, surrounding demographics, surrounding properties, supply of competitive land, etc. The subject property is located on an interior residential street in a small pocket of commercially oriented lands. The sales are located in the subject neighborhood with some locations slightly superior. The locational differences are considered to be minor and no definitive locational adjustment was applied to the sales. Size: The subject property contains 5,875 square feet and all buy one of the sales are larger than the subject property. The largest site sold for the lowest unit sale price and the largest NR zoned site sold for the highest unit sale price for NR sales, however the overall size range of the sales reflects the market for small sites and no adjustment for size was considered to be applicable. Improvements: The sales that were improved generally consisted of older improvements and with the exception of Sale Numbers 8 and 9, it was our opinion that the improvements did not contribute a significant amount to the overall sale price. Consideration for the differences in the type, quality and quantity of the improvements is reflected in our final analysis. MILLER APPRAISAL 30 GROUP INC. SALES COMPARISON APPROACH TO VALUE (Continued) CONCLUSION OF VALUE — SALES COMPARISON APPROACH TO VALUE Based upon our review of the sales data, it is our opinion that these sales are most comparable and indicative of the value of the subject property. There is generally a scarcity of sales for small sites with a similar zoning classification, as there are only a limited number of areas in the City of South Miami with the NR Neighborhood Retail zoning district. As a result, we used older sales as well as other sales in the area with different zoning classifications. The use of these sales, as well as the sales of improved properties, provided us with a range of market values that we considered in our analysis. Based on our review of the sales data, the location, the size and the overall marketability of the subject property, we have estimated the market value of the subject property to a market value conclusion of $14.00 per square foot of land area. Therefore, it is our opinion that the subject property would have a market value as of a current date as follows: 5,875 square feet x $14.00 per square foot = $82,250 say $82,500 MILLER APPRAISAL 31 GROUP INC. RECONCILIATION Cost Approach N/A Sales Comparison Approach $82,500 Income Approach N/A We have considered the Sales Comparison, Cost, and Income Approaches to value in this assignment. Based upon the quantity and quality of the market data, i.e., the comparable sales, it is our opinion that the Sales Comparison Approach to Value is the most reliable indicator of the value of the subject property. The Cost and Income Approaches to Value were not considered germane in this assignment, as the subject property is a vacant parcel of land. Therefore, the Sales Comparison Approach for the land was considered the most applicable method of valuation. The final value conclusion indicated a market value of $82,500. Based upon review of the market data and our analysis, it is our opinion that the market value of the site as of December 22, 2004 is: EIGHTY TWO THOUSAND FIVE HUNDRED DOLLARS ($82,500) MILLER APPRAISAL 32 GROUP INC. Abbeiv -bu it �eR tpliA ls G RpL/p AL I v w , I I ��WIAWM-m in ill M-� ZE-4 MjLy�� 'It I MILLER APPRAISAL GROUP INC. Prepared by: ROG INVESTMENTS INC 8042 W 21 AVENUE. HIALEAH, FLORIDA 33016 Property Parcel Identification No: 094025 -010 -0040 CFH 200480759696 DR Bk 22517 Pss 3694 - 3695; (gass) RECORDED 08130/2004 13:39:23 DEED DOC TAX 72.00 HARVEY RUVINY CLERK OF COURT HIAMI -DARE COUNTY► FLORIDA WARRANTY DEED IN LIEU OF FORECLOSURE THIS WARRANTY DEED made and entered into this 6 ,( day of 6 , 2003, between JONAATHAN SMITH alk/a JONATHAN SMITH a/kla JONAATHAN J SAUTH, a single man Grantor To ROG INVESTMENTS, INC., a Florida Corporation whose address is 8042 West 21 Avenue. Hialeah, Florida 33016, Grantee: (Whenever used herein the terns "Grantor" and "Grantee" shall include singular and plural heirs, legal representatives, and assigns of individuals, and the successors and assigns of corporations whenever the context so admits or requires.) WITNESSETH: That the Grantor (s), for and in consideration of the sum of $10.00 and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and conforms unto the grantee all that certain land situated in: Miami -Dade County State of Florida, Viz.: Lot 3 less the West 2.5 feet, Block 1 of FRANKLIN SUBDIVISION, according to the Plat thereof, recorded in Plat Book 5 Page 34 of the Public Records of Miami -Dade County, Florida. SUBJECT TO: This Warranty Deed in Lieu of Foreclosure Mortgage executed by JONATHAN SMITH to ROG INVESTMENTS, INC., a Florida Corporation dated on November 22, 2002 and Recorded on August 25, 2003 in Official Records Book 21574 Page 27% in the Public Records of Miami -Dade County, Florida. Taxes for the year 2003 and years subsequent; conditions, restrictions, limitations and easements of record, if any; and County and Municipal zoning ordinances. TOGETHER, with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. l TO, HAVE AND TO HOLD, the same in fee simple forever. BoA226171Page3694 Page 1 of 2 CFN#20040759696 MILLER APPRAISAL Pagt0t3U P INC. OR BK 22617 PG 3695 LAST PAGE r' r, AND the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in fee simple; that the grantor has good right and lawfid authority to sell and convey said land, and hereby warrants the title to said land and will defend the same against the lawful claims of all persons whomever; and that said land is free of all encumbrances, except taxes accruing subsequent to December 31, 2002. IN WITNESS WHEREOF, the said Party of the First Part has hereunto signed and sealed these presents the day and year fast above written. SIGNED, SEALED AND DELIVERED IN PRESENCE OF US: Witness as to all parties: f-f -�2_ WITNESS: cait-flxe- JONATTHAN SMITH a/k/a JONATHAN SMITE a/k/a kr *J.l.r_7i■ . ►,1 Y: A�w ALA -izo6 WITNESS. 'Y_DorzaE STATE OF: COUNTY OF: Address: JOQ Zcep i�afL, F 133 - I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared, JONAATHAN SMITH AWA JONATHAN SMITH alkla JOHAATHAN J. SMTH, a single man who executed the foregoing instrument and he acknowledged before me that she executed the same. Said persons are personally ]mown to me or produced the following form of identification: anti -w 14e c WITNESS my hand and official seal in the County and State last aforesaid this day of A.D. 2003. SEAL Book22617/Page3695 SIGNATURE Page 2 of 2 CFN#20040759696 MILLER APPRAISAL Paga ftt j P INC. Prgpared by and return to Theodore Aris Topouzis Attorney at Law Southern Financial Title Services, Inc. 450 North Park Road Suite 410 Hollywood, FL 33021 File Number. 02 -24232 Will Call No.: 1 11111111111 Ilitl Ilili lltll tilll IIIII Ilil Ills C1FM 2003RO 614526 OR Ilk 21574 Pss 2794 - 2795; (lass) RECORDED 08/2512003 134MO6 DEED DOC TAX 258.00 HARVEY RUVIHr CLERK OF COURT HIAMI -DADS COUNTY? FLORIDA Grantee S.S. No. 589 - 234189 Parcel Identification No. 094025-0104040 ISpace Above This line For Recording Warranty Deed (STATUTORY FORM - SECTION 689.02, F.S.) This Indenture made this 22nd day of November, 2002 between Acquisition Group, LLC, a Florida Limited Liability Company whose post office address is 400 S. DLL HWY, 2ND FLOOR, Hallandale, FL 33009 of the County of Broward, State of Florida, grantor *, and Johnatban Smith, a single man whose post office address is 102 NE 2nd Street , #265, Boca Raton, FL 33432 of the County of Palm Beach, State of Florida, grantee *, Witnesseth that said grantor, for and in consideration of the scum of TEN AND NO 1100 DOLLARS ($10.00) and other good and valuable considerations to said grantor in hand paid by said grantee, the receipt whereof is hereby acknowledged, has granted, bargained, and sold to the said grantee, and grantee's heirs and assigns forever, the following described land, situate, lying and being in Miami -Dade County, Florida, to-wit: Lot 3, Block 1, of Franklin Subdivision, according to the Plat thereof, recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County, Florida. and said grantor does hereby fully warrant the title to said land, and will defend the same against lawful claims of all persons whomsoever. + 'Grantor" and "Grantee" are used for singular or plural. as context requires. In Witness Whereof, grantor has hereunto set grantor's hand and seal the day and year first above written. Signed, sealed and delivered in our presence: /w Book21574 /Page2794 l' Morris Vah nish (Seal) Managing Member Page 1 of 2 M itXER APPRAISA GROUP INC. OR BK 21574 PG 2795 LAST PAGE State of Florida County of Broward The foregoing instrument was acknowledged before me this 22nd day of No}re rris ahnish, who is personally known or Pq has produced a driver's license as identification `/ [Notary Seal) Notary Public Printed Name: ' 'HEODOitEA pOP01DJS Cornmiss My ion Expires: •,?4, ., idY C.QtAMISSION I CC 909078 j, •y:t�' ;iona.s7mu+'�ryPw�ctwa■w�rrs .r Wa— Cy Deed (sr- lwo7F —) - Page 2 M Itt ER. APPRAIS Book21574/Page2795 Page 2 of 2 GROUP INC. QUALIFICATIONS ROBERT D. MILLER, ASA EDUCATION: Appraisal Institute Courses SSP Standards of Professional Practice I -A Fundamentals of Real Estate Appraisal I -B Capitalization Theory and Techniques 8 Appraising a Single- Family Residence 2 -1 Case Studies in Real Estate Valuation 2 -2 Report Writing Business Valuation Seminar Litigation Valuation Other Appraisal Courses Mass Appraisal of Residential Properties Florida State Law and USPAP Factory Built Housing Automated Valuation Models PROFESSIONAL Senior Member of American Society of Appraisers- AFFILIATION: South Florida Chapter No. 82 — Accredited Senior Appraiser (ASA) Real Property Urban LICENSED: EXPERIENCE: QUALIFIED AS EXPERT WITNESS FOR: HAS COMPLETED: Real Estate Broker- State of Florida Certified General Real Estate Appraiser #0001270- State of Florida 1995- Present Real Estate Appraiser- Owner Appraisal Firm 1993 -1995 Vice President -The Urban Group, Inc. 1978 -1993 Real Property Analysts, Inc., Fort Lauderdale, Florida, Executive Vice President 1987 Involved in United States Senate Study Right -of -Way Acquisition Procedures Condemnation proceeding in Lake, Kankakee, Cook and DuPage Counties, Illinois and Broward, Dade, Monroe, Palm Beach and Duval Counties, Florida. Testified in Bankruptcy Court in Florida and Texas Appraisal Assignments Commercial, vacant and improved Condemnation projects Industrial, vacant and improved Multi - family residential, Mobile Home Parks Office, vacant and improved Special purpose properties Review Services Counseling Acquisition projects Income tax analysis Investment analysis Tax assessments ROW Cost Analysis Special assessments MILLER APPRAISAL GROUP INC. VARIOUS CLIENTS OVER THE PAST TEN YEARS GOVERNMENT PRIVATE ATTORNEY BROWARD COUNTY BROWARD COUNTY AVIATION DEPARTMENT BROWARD COUNTY SCHOOL BOARD CHARLOTTE COUNTY CITY OF CORAL SPRINGS CITY OF FORT LAUDERDALE CITY OF FORT MYERS CITY OF HALLANDALE BEACH CITY OF HOLLYWOOD CITY OF LAUDERDALE LAKES CITY OF KEY WEST CITY OF MIAMI SPRINGS CITY OF POMPANO BEACH CITY OF SUNRISE FEDERAL AVIATION ADMINISTRATION FLORIDA DEPARTMENT OF TRANSPORTATION INTERNAL REVENUE SERVICE LEE COUNTY LEE COUNTY PORT AUTHORITY PALM BEACH COUNTY PALM BEACH COUNTY SCHOOL BOARD SMALL BUSINESS ADMINISTRATION SOUTH FLORIDA WATER MANAGEMENT TOWN OF DAVIE US DEPARTMENT OF HOUSING & URBAN DEVELOPMENT VETERANS ADMINISTRATION ALTMAN DEVELOPMENT CORPORATION BELLSOUTH MOBILITY CLEAR CHANNEL OUTDOOR LENNAR HOMES PRIMECO THE TAUBMAN COMPANY SBA TOWERS INC. UNITED HOMES JAMES BRADY & ASSOCIATES BECKER & POLLAKOPF BRIGHAM -MOORE COKER AND FEINER EARLE & PATCHEN HOLLAND & KNIGHT RUDEN MCCLOSKEY TEW CARDENAS VANCE DONEY & MACGIBBON WEISS- SEROTA - HELFMAN MILLER APPRAISAL GROUP INC. � 9< GROUi2 ' INC. SUMMARY APPRAISAL REPORT OF 29750 SQUARE FOOT VACANT PARCEL OWNER: MARION TAYLOR LOCATED AT 6415 SW 59th Place SOUTH MIAMI, FLORIDA AS OF DECEMBER 22, 2004 PREPARED FOR MR. MICHAEL SPROVERO EXECUTIVE DIRECTOR COMMUNITY REDEVELOPMENT CITY OF SOUTH MIAMI 6130 SUNSET DRIVE MIAMI LAKES, FLORIDA 3665 N.W. 124TH AVENUE • CORAL SPRINGS, FLORIDA 33065 PHONE: 954 - 575 -2399 - FAX: 954 - 252 -4504 - EMAIL: RMAGINC @AOL.COM December 31, 2004 Mr. Michael Sprovero Executive Director Community Redevelopment City of South Miami 6130 Sunset Drive South Miami, Florida 33143 Re: Dear Mr. Sprovero: Marion Taylor 6415 SW 59th Place South Miami, Florida ,C,_Vk APPgq'S � 9< `GROUP - INC. Pursuant to our appraisal agreement, we have completed an appraisal of the above - captioned parcel. The purpose of the appraisal is to estimate the market value of the subject parcel as of December 22, 2004. The property consists of 2,750 square foot vacant parcel of land. The function of the report is for the potential purchase of the property by the City of South Miami as part of their Community Redevelopment Program. The intended users of this report are the City of South Miami and their representatives. Market value is defined as "the most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed term, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under undue duress." The attached report contains our analysis of the factual market data, which forms the basis for our conclusions. Your attention is directed to the Certificate of Valuation and the Assumptions and Limiting Conditions, which form an integral part of the attached report. 3665 N.W. 124TH AVENUE - CORAL SPRINGS, FLORIDA 33065 PHONE: 954 - 575 -2399 - FAX: 954 - 2524504 - EMAIL: RMAGINC @AOL.COM Mr. Michael Sprovero. December 31, 2004 Page 2 We have personally inspected the property that is the subject of this report. Based upon the conclusions contained in the attached Complete Summary Appraisal Report, in my opinion, the market value of the property as of December 22, 2004 is as follows: THIRTY EIGHT THOUSAND FIVE HUNDRED DOLLARS ($38 ,500) Respec submitted, i i Robert D. Miller, ASA State - Certified /General R.E. Appraiser No. 0001270 MILLER APPRAISAL GROUP INC. TABLE OF CONTENTS Certification.............................................................................................................. ..............................1 Assumptions and Limiting Conditions .................................................................... ..............................2 Summary of Salient Facts and Conclusions ............................................................. ..............................4 Legal Description ......................... 5 ........................................................................... ............................... PropertyInspection ................................................................................................... ..............................5 Typeof Property ....................................................................................................... ..............................5 Historyof Properly ................................................................................................... ..............................5 PropertyInterest Appraised ...................................................................................... ..............................5 Purposeof Appraisal ................................................................................................ ..............................5 Functionof Appraisal ............................................................................................... ..............................5 Definitionof Market Value ..................................................................................... ............................... 6 Dateof Value ............................................................................................................ ..............................6 MarketingPeriod :..................................................................................................... ..............................6 RegionalMap ........................................................................................................... ..............................7 NeighborhoodMap and Description ........................................................................ ..............................8 Sketchof Subject Property ...................................................................................... .............................10 Descriptionof the Property ..................................................................................... ..............::.............11 Zoning...................................................................................................................... .............................12 RealEstate Taxes .................................................................................................... .............................13 Highest and Best Use - Vacant ................................................................................ .............................14 Sales Comparison Approach to Value .................................................................... .............................15 Reconciliation.......................................................................................................... .............................32 MILLER APPRAISAL GROUP INC. ADDENDUM Photographs of the Subject Properly Deeds Associated With Sales History Qualifications of Appraiser MILLER APPRAISAL GROUP INC. CERTIFICATION The undersigned does hereby certify that except as otherwise noted in this appraisal report: 1. To the best of our knowledge and belief; the statements of fact contained in this appraisal report, upon which the analysis, opinions, and conclusions expressed herein are based, are true and correct. 2. The reported analysis, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, unbiased professional analysis, opinions, and conclusions. 3. We have no present or prospective interest in the property that is the subject of this report, and I (we) have no personal interest or bias with respect to the parties involved. 4. Our compensation is not contingent on an action or event resulting from the analysis, opinions, or conclusions in, or the use of this report. 5. Our analysis, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Uniform Standards of Professional Appraisal Practice. 6. No one provided significant professional assistance in the preparation of this report. 7. Robert D. Miller has met or exceeded the minimum prescribed educational requirements for Re- certification as an Accredited Senior Appraiser (ASA) or the American Society of Appraisers. 8. Robert D. Miller did make an inspection of the property that is the subject of this report. The most recent inspection was on December 22, 2004. Robert D. Miller;'ASA State Certified General R.E. Appraiser No. 0001270 MILLER APPRAISAL 1 GROUP INC. ASSUMPTIONS AND LIMITING CONDITIONS The legal description furnished to the appraiser is assumed to be correct. All existing liens and encumbrances have been considered, however, the property is appraised as though free and clear, under responsible ownership and competent management. The information identified in this report as being furnished to the appraiser by others is believed to be reliable, however, the appraiser assumes no responsibility for its accuracy. The plot plans and illustrative material in this report are included only to assist the reader in visualizing the property. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for arranging for engineering studies that may be required to discover them It is assumed that there is full compliance with all applicable federal, state, and local environmental regulations and laws unless noncompliance is stated, defined, and considered in the appraisal report. It is assumed that all required licenses, certificates of occupancy, consents, or other legislative or administrative authority from any local, state, or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. It is assumed that the utilization of the land and any improvements is within the boundaries or property lines of the property described and that there is no encroachment or trespass unless noted in the report. The distribution, if any, of the total valuation in this report between land and any improvements applies only under the stated program of utilization. The separate allocations for land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. Possession of this report, or copy thereof, does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed without the written consent of the appraiser, and in any event, only with proper written qualifications and only in its entirety. MILLER APPRAISAL 2 GROUP INC. ASSUMPTIONS AND LIMITING CONDITIONS (Continued) Disclosure of the contents of this appraisal is governed by the ByLaws and Regulations of the American Society of Appraisers. The appraiser herein by reason of the appraisal is not required to give further consultation, testimony, or be in attendance in court with reference to the property in question unless arrangements have been previously made. Neither all, nor part of the contents of this report, especially any conclusions as to value, the identity of the appraiser, or the firm with which the appraiser is connected, shall be disseminated to the public through advertising, public relations, news, sales, or other media without the prior written consent and approval of the appraiser. The Americans with Disabilities Act ( "ADA ") became effective January 26, 1992. I have not made a specific compliance survey and analysis ofthis property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property, together with a detailed analysis of the requirements of the ADA, could reveal that the property is not in compliance with one or more of the requirements of the Act. If so, this fact could have a negative effect upon the value of the property. Since I have not direct evidence relating to this issue, I did not consider possible non - compliance with the requirements of ADA in estimating the value of the property. Unless otherwise stated in this report, the existence of hazardous materials, which may or may not be present on the property, was not observed by the appraiser. The appraiser has no knowledge of the existence of such materials on, or in the property. The appraiser is not qualified to detect such substances. The presence of substances such as asbestos, urea - formaldehyde foam insulation, or other potentially hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is no such material on or in the property that would cause a loss in value. No responsibility is assumed for any such conditions, or for any expertise or engineering knowledge required to discover them, The client is urged to retain an expert in this field, if desired. MILLER APPRAISAL 3 GROUP INC. SUMMARY OF SALIENT FACTS AND CONCLUSIONS PROPERTY LOCATION: OWNER'S NAME: OWNER'S ADDRESS: DATES OF INSPECTION: SIZE OF SUBJECT PROPERTY: PRESENT USE: HIGHEST AND BEST USE: IMPROVEMENTS: ZONING: COST APPROACH TO VALUE: SALES COMPARISON APPROACH TO VALUE: INCOME APPROACH TO VALUE: MARKET VALUE OF THE WHOLE PROPERTY (RECONCILIATION): DATE OF VALUATION: 4 6415 SW 59th Place City of South Miami, Miami -Dade County, Florida Marion Taylor 31 NW 14th Court Dania, Florida 33004 December 22, 2004 2,750 square feet Vacant Land Neighborhood Commercial Use None NR Neighborhood Retail N/A $38,500 N/A $38,500 December 22, 2004 MILLER APPRAISAL GROUP INC. LEGAL DESCRIPTION: South' /2 of Lot 28, Block 5 of Franklin Subdivision as recorded in the Official Records of Miami -Dade County, Florida in Plat Book 5 Page 34 PROPERTY INSPECTION: 1. Date(s) inspected: December 22, 2004 2. Comments: The property is vacant. TYPE OF PROPERTY: The subject is a 2,750 square feet of land area and is zoned for a neighborhood commercial use. HISTORY OF PROPERTY: The subject property was transferred in February of 2004 via a quitclaim deed from Leroy Taylor to Marion Taylor with a minimal consideration indicated. The transfer was recorded in OR Book 22182 Page 3459 and a copy of the acquiring deed is in the addendum of this report. PROPERTY INTEREST APPRAISED: For the whole property, the property rights appraised are fee simple title ownership considering any restrictions of use. PURPOSE OF THE APPRAISAL: The purpose of the appraisal is to estimate the market value of the subject property as of a current date. FUNCTION OF THE APPRAISAL The function of the appraisal is for utilization by the City of South Miami in their potential purchase of the property from Marion Taylor. The intended users of the report are the representatives of Marion Taylor, the City of South Miami, their legal counsel and any other designated representatives. MILLER APPRAISAL 5 GROUP INC. DEFINITION OF MARKET VALUE: The most probable price in cash, as of a specified date, financial arrangements equivalent to cash, or in other precisely revealed terms, for which the appraised property will sell in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self - interest, and assuming that neither is under duress. EFFECTIVE DATE (DATE OF VALUE): The date of value is December 22, 2004 the date of our latest inspection. The date of this report is December 31, 2004. MARKETING PERIOD Based upon discussions with various brokers and review of the marketing period for similar lands we have estimated a marketing period of one year. The estimated marketing period is based upon our review of marketing periods for vacant land in the subject market area COMPETENCY PROVISION The appraiser has completed numerous vacant land appraisals in his 22 years as a real estate appraiser in Miami -Dade County. As a result of the appraisers experience, the competency provision of USPAP has been met. MILLER APPRAISAL 6 GROUP INC. REGIONAL MAP - z Meta Q BEACH r - E% = 167 5T 163 L y . . CAIN Y wv n 1 iO OAIRPOORRTA oPA F IELPS HIAt -LOCKA of w,, �S1 R i t: GARDENS WIN 135 ST 135 BAT . o T 441 HG 25 pMt• i !'> p 9 Bf f , q e cr '"t Eszt RATG NW 179 ST BIBCA 1 �l ARKS .. ` N +[t n w 5 . , z StIRP3iQ +,r "PAR ly T SYEDLEY 09FST fr , 0 z NW > 1Wws in tr YIA 1 EH RHE, : U 95 NORTH '. CQ e tT 0 Z PSR AL TRAY r' NW SB o ¢ YUW EPRIN � E t st uunw lUT FII KM[[ fq B <T2 Bfarnyne "' 1 NW 54 v :�; II v+ x sE rxr VIRGINIA' GA DENS S ptRPORT nEXP VV 5 .tUL1A 7UT'fLE,..'. 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COUNTY 3 QUAIL ROOST OR SW 200 ST Aidpe 2�' �, BQy '- CN)/ j lNR PP ® R l ®d"� SW 216 ST HAINLtN nvo O O� MILL Olt S172165T a .� //r UALS nQe f o I 2 AMAtl r, ., , tl1 >T LILVEA [All1 tN = R I < W W f r ISCAYNE -. @2002 DOLPH MAP CO., RIC, rAUi as e g = a j? FORT LAUDERDALE r r- 1.000. 877.3649 WWW.DOLPHMARCOM > ' F . eiw[XPT IF ":' eAUtll an a tr'1KE Prlaeetou SW 266 ST 5 AONI. nAwm en Im, Nt 2. W AlSouth RISCA DR 51V 2R8 ST m f �1 G FfMOEgar AVIA O >t _ LL. of tT h = pro '' q NW aS7Q CAMPBEL PARK d` DR BASE 8.821 NOM R D MILLER APPRAISAL GROUP INC. 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SC9� —� AVE z Q NDO SW JQ 6B ao AVEPMONZA� ��'L9 ��\ =AVE Q ALF S( j > PL gT SW> 69 STcn Q- �'��y� RIVIbRA" cI'j+��.0 S S�F _CANAL -- Q ,�Q FIRE STA NO 14 ��G /�G , i V E V E PA ,Q N � G ¢ cn � Sl O 70 ST ■� %G�`/ ' ? rn►u j y e a Q ALHAMBR ° F 0 0 AVE SAN 'G REMO U- "_1 G Q- �rll)I% v r H Z ARKIN H08P � Q i. • z in �n v �n w v W u� 0 71 ST ,' �t/ ;AVE SAN 0393 IGNACIO o{ z w o a s Vu� ~ Q > > >�cD� ti111MIM,I 7o Q O,a Z.14 O -' ¢ U v1i CD v Q ¢ ¢m 107 _---- .1'LAI,E - .-� N ET.:> r -o J B - ,+� c 42 73 ST W w Q Y4�D� ®A; V) L) 73 ST > > V > -� F- L) c�� a vUIH U c �{ > to w WF A Qty / j (EDP CO LEY DR) Q a Q U Q V 73 201 O �m G ST 'Q " 74 ST SOUTH'ST -� cr, 74 ST SW 74 ST TER d a w -T Sub °� 4 `TER 74 TER �� STER a tr) J 3. A11.41111 �+ %' U ST 0 75 CO c�, cl) o-v) HO,SP J Q w� � `r si TERMS ST co vP ®� i SW 76 N W ST 0 SW 76 ST >. SW 76 CJ� a 76 TER ST TER �Y 5 /CLLi > 9 v Q 76T �y M co M � SW 77 Uf a > > W Q CO 77 TER N cn N in w ST 11. cn T a w O �O SW Q m 78 `n ST ST SW 78 ST > a 7 Lo 10" TER �P� II a SW 79 sT �; L) � N N to sT� , SUIT r 36 BATH Ln ST °C DA!/IS _ . .� I�AL 8 GROUP INC. NEIGHBORHOOD DESCRIPTION The subject neighborhood is primarily a single - family residential neighborhood with several church facilities located within the residential community. The majority of the properties are single family oriented, although several apartment type buildings were noted in our review. Two apartment complexes are located within one block of the subject property and several vacant lots and boarded residences were noted in our review. The subject neighborhood does have a few commercially zoned tracts that would provide for the local shopping needs of the residents. Located on SW 59h Place at the comer of 64`h Street is a small neighborhood convenience store. The City of South Miami has targeted this area for some redevelopment activity. Based upon our review of the neighborhood and the sales activity reviewed, it is our opinion that the subject neighborhood is nearing a phase of development that will entail new construction as well as renovation of existing residential properties. The small pockets of neighborhood retail zoning should provide for sufficient capacity of commercial uses to service the area residents and thus minimizing the already congested commercial areas along US 1 (Dixie Highway). In our opinion, the subject neighborhood would be rated as stable with some upward increase in market values associated with the potential for redevelopment in the area. MILLER APPRAISAL 9 GROUP INC. SKETCH OF THE SUBJECT PROPERTY W ZS zi ?So fla' MILLER APPRAISAL 10 GROUP INC. DESCRIPTION OF THE PROPERTY Location: 6415 SW 59th Place, South Miami, Miami -Dade County, Florida. The site is vacant and is located just south of 6e Street on the east side of SW 59h Place. Land Area: The subject property contains 2,750 square feet of land Shape/Dimensions: The site is basically rectangular with dimensions of 25 feet by 110 feet, see sketch on previous page. Ingress/Egress: The property has approximately 25 +/- feet of frontage on the east side of SW 590' Place with a depth of approximately 117.5 feet. The access to the site is from SW 59h Place. Topography: The topography of the site is at grade of the surrounding properties. Based upon visual inspection of the site and buildings on adjacent properties, the soil conditions are considered adequate for most types of development. Utilities on Site: The following utilities are available where indicated: • Electric X Water • Telephone X Sewer MILLER APPRAISAL 11 GROUP INC. DESCRIPTION OF THE PROPERTY (continued) ZONING: The subject property is currently zoned NR Neighborhood Retail. This zoning category provides for the development of properties located within residential neighborhoods with uses that are amenable to the neighborhood locations. We did consider alternate uses in our analysis, which will be addressed in the highest and best use section of the report. ZONING MAP EASEMENTS/ENCROACHMENTS Restrictions, covenants, limitations and easement of record were considered typical for this type of property. 12 MILLER APPRAISAL GROUP INC. ILL �iil�i��a EASEMENTS/ENCROACHMENTS Restrictions, covenants, limitations and easement of record were considered typical for this type of property. 12 MILLER APPRAISAL GROUP INC. REAL ESTATE ASSESSMENT DATA Taxing Authority: Taxpayer. Folio Number(s): Total Assessment: (2004) Total Real Estate Taxes: (2004) 13 Miami -Dade County Marion Taylor 09 -4025- 010 -0300 $4,125 $106.89 MILLER APPRAISAL GROUP INC. HIGHEST AND BEST USE - VACANT The estimate of the highest and best use of the land as legally permitted, if vacant, requires extensive market analysis especially in terms of the indicated market conditions of supply and demand. The value of the land is based upon the level of utility that is in demand and that will produce amenities or net income to the user. Therefore, the use which creates the greatest land value and which is considered compatible in terms of the restrictions imposed by the physical, legal, economic, and financial factors is inherent in this analysis. The following analysis is intended to demonstrate and support our estimate of the highest and best use of the subject site. Physically Possible The subject property contains 2,750 square feet of land area The site is basically rectangular and is a substandard site, although some type of development should be allowed. The shape is suitable for many types of development, although the small size will limit the potential uses of the site. Yet overall, the site could be physically developed with commercial, residential and industrial uses. Legally Permissible The parcel is zoned for a neighborhood retail type use. This use will provide for a commercial neighborhood in the middle of a residential area that will provide for development with commercial uses compatible to the neighborhood setting. On 591' Place, a convenience store is an example of the type of developments for this zoning classification. Financially Feasible The financially feasible uses of the parcel would include any of the legally permitted uses, therefore, the only financially feasible use would be for a commercial development. The entire commercial area would need to be rezoned to a residential use in order to feasibly consider a residential use in our analysis. Based on the existing surrounding uses, we did not feel that a residential use would be allowed at this location. Maximally Productive The most maximally productive use of the site should produce the highest price or return required by the market for that use. After determining those uses, which are physically, possible, legally permissible and financially feasible, it is our opinion that the most maximally productive use of the land, as vacant, is for some type of commercial retail use compatible with the neighborhood setting and or an assemblage with other parcels in the area. MILLER APPRAISAL 14 GROUP INC. APPROACHES TO VALUE OMITTED -AS NOT APPLICABLE ( ) MARKET (CK) COST (XX) INCOME Since the subject site is basically a vacant parcel of land, the Market or Sales Comparison Approach to Value is considered most applicable in this assignment. The highest and best use was deemed to be for future development with a neighborhood retail use or assemblage for a larger scale development. Therefore a land valuation was considered to be most applicable. As a result, the Cost and Income Approaches to Value were not considered applicable. MILLER APPRAISAL 15 GROUP INC. ESTIMATE OF LAND VALUE The land value is estimated by the Sales Comparison Approach This approach is often referred to as the Direct Comparison Approach because the comparison procedure is its basic technique. The Sales Comparison Approach requires careful selection of sale properties to ensure that they are relatively similar to the subject. No two properties are exactly alike. Therefore, a comparison between the subject and the sales must be considered in arriving at an indication of value for the subject. The following sales are deemed physically and economically comparable to the subject. An analysis sheet for each sale is included in the report. The normal items of comparison are discussed following the presentation of the sales data. We have considered the unit sale price per square foot of land area to be most appropriate unit of comparison in this assignment. MILLER APPRAISAL 16 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 1- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19451 -3676 Folio No. 09- 4025- 022 -0170 LOCATION OF SALE: Southwest corner of SW 68h Street and SW 62nd Avenue, South Miami, Florida GRANTOR: Harry R and Elizabeth F. McGinnis GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 1 and 2, Block 3 of Cocoplum Terrace PB 25, Page 4 Miami -Dade County DATE OF SALE: January 5, 2001 DIMENSIONS /SIZE: 11,198 square feet CONSIDERATION: $150,500 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail SALE PRICE PER SQ FT: $13.45 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is vacant parcel of land. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 17 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 2 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19547 -1535 Folio No. 09- 4025- 022 -0180 LOCATION OF SALE: West side of SW 62` d Avenue, 100 feet south of SW 68`h Street, South Miami, Florida GRANTOR: Hapan 56 Corporation GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 3 and 4, Block 3 Cocoplum Terrace, Plat Book 25 Page 4 less east 10 feet DATE OF SALE: January 19, 2001 DIMENSIONS /SIZE: 11,500 square feet CONSIDERATION: $100,000 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail SALE PRICE PER SQ FT: $8.70 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed EYWROVEMENTS: The property is a vacant commercially zoned site with no improvements on the site. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 18 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 3- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19547 -1533 Folio No. 09- 4025- 022 -0190 LOCATION OF SALE: Northwest corner of SW W' Street and SW 62"d Avenue, South Miami, Florida GRANTOR: Hapan 56 Corporation GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 5 and 6 of Block 3, Cocoplum Terrace PB 25, Page 4, less the east 10 feet DATE OF SALE: January 19, 2001 DIMENSIONS /SIZE: 10,813 square feet CONSIDERATION: $91,000 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail SALE PRICE PER SQ FT: $8.57 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property was vacant and located in similar neighborhood. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 19 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 4 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 19547 -1476 Folio No. 09- 4025- 022 -0230 LOCATION OF SALE: Southwest corner of SW 69h Avenue and SW 62"d Avenue, South Miami, Florida GRANTOR: Hapan Orchard, Inc. GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 1 and 2, Block 4 Cocoplum Terrace, PB 25 Page 4, less the east 10 feet DATE OF SALE: January 19, 2001 DIMENSIONS /SIZE: 14,548 square feet CONSIDERATION: $89,000 FINANCING: Cash to seller ZONING: LO -Low Intensity Office SALE PRICE PER SQ FT: $4.74 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The site was vacant and available for development. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site is one of several sites purchased by Southeastern Investment Group, Inc. as part of an overall assemblage. MILLER APPRAISAL 20 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 5 - DATA SHEET RECORDING DATA: LOCATION OF SALE: WATT-OT_ 1 ' GRANTEE: LEGAL DESCRIPTION: DATE OF SALE: DIMENSIONS /SIZE: CONSIDERATION: FINANCING: ZONING: SALE PRICE PER SQ FT: TYPE OF INSTRUMENT: IMPROVEMENTS: CONDITIONS OF SALE: ENCUMBRANCES: VARIOUS ON -SITE UTILITIES: COMMENTS: County: Miami -Dade OR Book & Page: 22723 -10221 Folio No. 09- 4025- 010 -0030 East side of SW 60'h Avenue, 50 feet south of SW 64d' Street, South Miami, Florida Mildred Berry Richard Prioleau, Jr. Lot 2, less west 2.5 feet of Block 1 of Franklin Sub. PB 5, Page 34 October 7, 2004 5,875 square feet $85,000 Cash to seller NR Neighborhood Retail $14.47 per square foot of land area Special Warranty Deed The property is improved with an older single - family residence that was boarded up during our inspection period. Arms Length Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. All utilities available to the site The site is located near the subject property and is considered to be very similar to the subject property. MILLER APPRAISAL 21 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 6 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 21081 -1211 Folio No. 09- 4025- 022 -0251 LOCATION OF SALE: Southeast corner of SW 69`l' Street and Oakland Avenue, South Miami, Florida GRANTOR: Nafo Corporation GRANTEE: Southeastern Investment Group, Inc. LEGAL DESCRIPTION: Lots 10 and 11 of Block 4, Cocoplum Terrace, PH 25 Page 4 DATE OF SALE: March 3, 2003 DE%lENSIONS /SIZE: 9,500 square feet CONSIDERATION: $125,000 FINANCING: Cash to seller ZONING: RS -3 Low Density Residential SALE PRICE PER SQ FT: $13.16 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property was improved with a 1,398 square foot residential property built in 1954. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: Another site purchased by developer for redevelopment in this neighborhood. MILLER APPRAISAL 22 GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 7 - DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 22678 -2408 Folio No. 09- 4025- 010 -0630 LOCATION OF SALE: West side of SW 50' Avenue, 150 feet north of SW 66h Street, South Miami, Florida GRANTOR: Claudia Mae Wright, et al GRANTEE: Gary D. Eisenberg LEGAL DESCRIPTION: Lots 61 and 62, Block 10 Franklin Subdivision PB 5, Page 34 DATE OF SALE: September 21, 2004 DEVIENSIONS /SIZE: 15,150 square feet CONSIDERATION: $70,000 FINANCING: Cash to seller ZONING: RS4 Single Family Residential SALE PRICE PER SQ FT: $5.76 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is vacant residential zoned site. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site has a Residential zoning classification and is located in the subject neighborhood. Sets the lower limit of market value for the subject proplAI L L E R APPRAISAL 23 GROUP INC. COMPARABLE SALE NUMBER 8- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 22337 -33171 Folio No. 09- 4025- 010 -0320 LOCATION OF SALE: 6443 SW 59"' Place, South Miami, Florida GRANTOR: William and Margaret Montgomery GRANTEE: Graham Hanover, Inc. LEGAL DESCRIPTION: Lot 7, Block 3 and Lot 4, Block 1 of Franklin Subdivision, PB 5 Page 34, less road right of ways. DATE OF SALE: May 10, 2004 DE%IENSIONS /SIZE: 10,525 square feet CONSIDERATION: $288,750 FINANCING: Cash to seller ZONING: NR-Neighborhood Retail and RS-4 Single Family Residential SALE PRICE PER SQ FT: $27.43 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is improved with a multi family residential complex. Sets the upper limit of the land value. Improvements contribute value CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. 24 MILLER APPRAISAL GROUP INC. COMPARABLE SALE NUMBER 8- DATA SHEET (CONTINUED) VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: 25 The site is located within one block of the subject property and provides a ceiling on the market value. The site is improved with a substantial structure that is still being used a the highest and best use. Sale was used based on its proximity to the subject property. MILLER APPRAISAL GROUP INC. COMPARABLE VACANT LAND SALE NUMBER 9- DATA SHEET RECORDING DATA: County: Miami -Dade OR Book & Page: 22635 -18611 Folio No. 09- 4025- 090 -0180 LOCATION OF SALE: Southeast corner of SW 63'd Street and SW 62'' Avenue, South Miami, Florida GRANTOR: RPS Investments, Inc. GRANTEE: Ben Horenstein LEGAL DESCRIPTION: Lots 21 to 24, Block 2 of Pines Subdivision, PB 13 Page 2 DATE OF SALE: August 17, 2004 DE14ENSIONS /SIZE: 9,000 square feet CONSIDERATION: $165,000 FINANCING: Cash to seller ZONING: RS-4 Single Family Residential SALE PRICE PER SQ FT: $18.33 per square foot of land area TYPE OF INSTRUMENT: Special Warranty Deed IMPROVEMENTS: The property is improved with an older residential property on four sub standard width lots. CONDITIONS OF SALE: Arms Length ENCUMBRANCES: Restrictions, covenants, limitations and easement of record. No apparent affect on sale price. VARIOUS ON -SITE UTILITIES: All utilities available to the site COMMENTS: The site has a small improvement on a larger site. MILLER APPRAISAL 26 GROUP INC. COMPARABLE VACANT LAND SALES MAP 27 MILLER APPRAISAL GROUP INC. SUMMARY OF VACANT LAND SALES SALE SALE SALE SITE UNIT SALE # LOCATION DATE PRICE SIZE IMPROVED ZONING PRICE SWC 68TH ST 1 AND 62ND AVE 1/5/01 $150,500 11,188 NO NR $ 13.45 WEST SIDE 62ND AVE, 100 FT S OF 68TH 2 ST 1/19/01 $100,000 11,500 NO NR $ 8.70 NWC OF 69TH ST AND 62ND 3 AVE 1/19/01 $ 91,000 10,613 NO NR $ 8.57 SWC OF 69TH ST AND 62ND 4 AVE 1/19/01 $ 69,000 14,548 NO LO $ 4.74 ES OF 60TH AVE, 50 FT S OF 5 64TH ST 10/7/04 $ 85,000 5,875 YES NR $ 14.47 SEC 69TH ST AND OAKLAND 6 AVE 3/3/03 $125,000 9,500 YES RS -3 $ 13.16 WS OF 59TH AVE, 150 N OF 7 66TH ST 9/21/04 $ 70,000 12,150 NO RS-4 $ 5.76 8 WS 59TH PLACE 5/10/04 $288,750 10,525 YES NR / RS-4 $ 27.43 SEC 63RD ST 9 AND 62ND AVE 8117/04 $165,000 9,000 YES RS-4 $ 18.33 W. MILLER APPRAISAL GROUP INC. SALES COMPARISON APPROACH - We have reviewed vacant and improved properties or sales that are located in the general vicinity of the subject property. The sales are located in close proximity to the subject property within the City of South Miami. Some of the sales involved properties zoned with a residential zoning classification. These sales were used in our review of the market and to assist us in developing a range for the subject property with a NR Neighborhood Retail highest and best use. We considered the sale price per square foot of land area to be the most applicable unit of comparison. Market Data Analysis Overall, the sale properties range in size from 5,875 square feet to 14,548 square feet and although all of the sales are larger, these are the smallest sites that we researched, which sold within the past four years. The land sales indicated a wide range from a low of $4.74 per square foot of land area for an office -zoned site to $27.43 per square foot of land area for an improved site. The sales that involved only vacant land ranged from a low of $4.74 to a high of $13.45 per square foot of land area. Conditions of Sale: All of the comparable sales utilized in direct comparison were arm's length transactions. Thus, no adjustment for conditions of sale is indicated. However, it was noted that several of the sales were purchased by the same entity as part of an assemblage of lands. This was considered in or overall analysis and coincides with our opinion that the highest and best use of the subject property may involve an assemblage of the site to provide for a larger overall development. Property Rights Conveyed: The property rights appraised for the subject are fee simple subject to the existing easements. The property rights conveyed for the sales utilized in direct comparison are fee simple. Thus, no adjustment for property rights is indicated. Financing: Vacant land of this type is generally acquired for cash or construction loans with institutional financing. Often times, the financing is obtained in the form of an acquisition and development loan. However, it is not uncommon for the seller to provide short term financing. However, all of the sales presented for direct comparison were acquired for cash or with market -based financing. Therefore, no adjustment for financing is indicated. MILLER APPRAISAL 29 GROUP INC. SALES COMPARISON APPROACH TO VALUE (Continued) Market Conditions: We have analyzed numerous sales in the subject area, in the time period from roughly 2000 to the present. The sales took place between January of 2001 and October of 2004. The overall market has increased for the entire South Florida area and we have considered that in our analysis. The most recent NR zoned site sold in October of 2004 for $14.47 per square foot of land area. Although this property was improved with a residence, the building is not occupied and the zoning allows for a more intense use of the site. Location: Locational characteristics deemed significant for residential land include access, surrounding demographics, surrounding properties, supply of competitive land, etc. The subject property is located on an interior residential street in a small pocket of commercially oriented lands. The sales are located in the subject neighborhood with some locations slightly superior. The locational differences are considered to be minor and no definitive locational adjustment was applied to the sales. Size: The subject property contains 2,750 square feet and all of the sales are larger than the subject property. The largest site sold for the lowest unit sale price and the largest NR zoned site sold for the highest unit sale price for NR sales, however the overall size range of the sales reflects the market for small sites and no adjustment for size was considered to be applicable. Improvements: The sales that were improved generally consisted of older improvements and with the exception of Sale Numbers 8 and 9. It was our opinion that the improvements did not contribute a significant amount to the overall sale price. Consideration for the differences in the type, quality and quantity of the improvements is reflected in our final analysis. MILLER APPRAISAL 30 GROUP INC. SALES COMPARISON APPROACH TO VALUE (Continued) CONCLUSION OF VALUE — SALES COMPARISON APPROACH TO VALUE Based upon our review of the sales data, it is our opinion that these sales are most comparable and indicative of the value of the subject property. There is generally a scarcity of sales for small sites with a similar zoning classification, as there are only a limited number of areas in the City of South Miami with the NR Neighborhood Retail zoning district. As a result, we used older sales as well as other sales in the area with different zoning classifications. The use of these sales, as well as the sales of improved properties, provided us with a range of market values that we considered in our analysis. Based on our review of the sales data, the location, the size and the overall marketability of the subject property, we have estimated the market value of the subject property to a market value conclusion of $14.00 per square foot of land area. Therefore, it is our opinion that the subject property would have a market value as of a current date as follows: 2,750 square feet x $14.00 per square foot = $38,500 MILLER APPRAISAL 31 GROUP INC. RECONCILIATION Cost Approach N/A Sales Comparison Approach $38,500 Income Approach N/A We have considered the Sales Comparison, Cost, and Income Approaches to value in this assignment. Based upon the quantity and quality of the market data, i.e., the comparable sales, it is our opinion that the Sales Comparison Approach to Value is the most reliable indicator of the value of the subject property. The Cost and Income Approaches to Value were not considered germane in this assignment, as the subject property is a vacant parcel of land. Therefore, the Sales Comparison Approach for the land was considered the most applicable method of valuation. The final value conclusion indicated a market value of $38,500. Based upon review of the market data and our analysis, it is our opinion that the market value of the site as of December 22, 2004 is: THIRTY EIGHT THOUSAND FIVE HUNDRED DOLLARS ($38,500) MILLER APPRAISAL 32 GROUP INC. ADIjE�,DUM MktER GR pUpsAC Vacant lot containing 5,875 square feet LOCATED AT: 6429 SW 60TH AVENUE SOUTH MIAMI, FLORIDA PREPARED FOR: CITY OF SOUTH MIAMI 6130 SUNSET DRIVE SOUTH MIAMI, FLORIDA 33143 As OF: DECEMBER 15, 2004 PREPARED BY: QUINLIVAN APPRAISAL, P.A. 5730 S.W. 74TH STREET - SUITE 300 SOUTH MIAMI, FLORIDA 33143 J. MAnx Quu-rr "AN, MM STATE- CERTMMD GENEEAL ArrnmsEEs RZ 0000112 December 17, 2004 QrzNmivA N APPIR A SAL A. PROFESSIONAL ASSOCIATION REAL ESTATE A.rPRASSERS Sc CONSULTANTS 5730 S.W. 74TII STREET, SUITE 300 SOUTH MIA ,il, FLORIDA 33143 TEIr-riIONE (305) 003.0011 FAX (305) 005 -4 021 TlioxAs F. MAaENHEIAII:n, MAI STATE- CEBTW=D GENERAL tirrnmsnnB RZ 0000553 Mr. Michael Sprovero, Executive Director of Community Development City of South Miami 6130 Sunset Drive South Miami, Florida 33143 Dear Mr. Sprovero: In accordance with your request and authorization, I have prepared this Appraisal Report covering the following described property: Vacant lot located at 6429 SW 60`L " Avenue, South Miami, Florida. The purpose of this Appraisal is to estimate the Market Value of the described property as of December 15, 2004, being one of the dates of personal inspection. The narrative Appraisal Report that follows sets forth the identification ofthe property, the assumptions and limiting conditions, pertinent facts about the area and the subject property, comparable data, the results of the investigations and analyses, and the reasoning leading to the conclusions set forth, Mr. Michael Sprovero, Executive Director of Community Development December 17, 2004. Page 2 Based on the inspection of the property and the investigation and analyses undertaken, I have formed the opinion that, as of December 15, 2004, the subject property.has a Market Value of: FORTY FOUR THOUSAND ONE HUNDRED DOLLARS ($44,100) y submitted, J Mark QuQAWan, MM State Certified General Appraiser Certification Number: RZ0000112 JMQ/pq (04 -167B) CERTIFICATION OF VALUE 'v The undersigned hereby certifies that, to the best of my knowledge and belief. (A) The statements of fact contained in the report are true and correct. (B) The reported analyses, opinions and conclusions are limited only by the assumptions and limiting conditions set forth, and are my personal, unbiased professional analyses, opinions and conclusions. (C) I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest or bias with respect to the parties involved. (D) I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. (E) My engagement in this assignment was not contingent upon developing or reporting predetermined results. (F) The appraiser's compensation for completing this assignment is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. Furthermore, the appraisal assignment was not based on a requested minimum valuation, a specific valuation or the approval of a loan. (G) The appraiser's analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice, and the requirements of the State of Florida for state - certified appraisers. (H) Use of this report is subject to the requirements of the State of Florida relating to review by the Real Estate Appraisal Subcommittee of the Florida Real Estate Commission. (I) J. Mark Quinlivan has made a personal inspection of the property that is the subject of this report. (J) Patrick Quinlivan provided professional assistance to the person signing this report. QUINLIVAN APPRAISAL (K) , The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. (L) The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. As of the date of this report, J. Mark Quinlivan has completed the requirements under the continuing education program for The Appraisal Institute. Based on the inspection of the properly and the investigation and analyses undertaken, subject to the assumptions and limiting conditions set forth in the Addendum of this report, I have formed the opinion, as of December 15, 2004, the subject property had a Market Value of: FORTY FOUR THOUSAND ONE HUNDRED DOLLARS ($44,100) J/MiQUINLIVAN, MAI A Tt CERTIFIED GENERAL APPRAISER ucATTON NUMBER: RZ0000112 QUINLI'VAN APPRAISAL 2 SUMMARY OF SALIENT FACTS AND CONCLUSIONS Type Appraisal Complete Type Report Self- contained Purpose of Appraisal Market Value Property Rights Appraised Fee Simple Location 6429 SW 60`h Avenue South Miami, Florida Legal Description Lot 3 less West 2.5 feet for R/W, Block 1, FRANKLIN SUBDIVISION, according to the plat thereof, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County. Land Size 5,875 Square Feet 0.135 Acres Zoning NR, Neighborhood Retail by the City of South Miami. Highest and Best Use Development in conjunction with neighboring - parcels Estimated Land Value $44,100 Final Estimate of Value $44,100 Dates of Inspection December 15, 2004 Date of Value Estimate December 15, 2004 Date of Report December 17, 2004 Remarks The zoning of the subject property requires a minimum lot size of 7,500 square feet for building while the subject property only contains 5,875 square feet. QUINLIVAN APPRAISAL 3 t, .,.� x a XC '96' x` %0. .s,T' ^� i? + «L' Eli INTRODUCTION IDENTIFICATION OF THE PROPERTY Vacant lot containing 5,875 square feet. LOCATION 6429 SW 60'h Avenue South Miami, Florida PURPOSE AND DATE OF APPRAISAL The purpose of this Appraisal is to estimate the Market Value of the property as of December 15, 2004, being one of the dates of personal inspection. . INTENDED USE AND USER OF APPRAISAL The intended use of this appraisal is to assist the client in determining a acquisition price. The intended user is the City of South Miami. LEGAL DESCRIPTION Lot 3 less west 2.5 feet for R/W, Block 1, FRANKLIN SUBDIVISION, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County, Florida. PROPERTY RIGHTS APPRAISED The property is appraised in fee simple: a fee without limitations to any particular class of heirs or restrictions, but subject to the limitations of eminent domain, escheat, police power and taxation, as well as utility easements of record. QUINLIVAN APPRAISAL 4 DEFINITION OF MARKET VALUE Market Value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised and acting in what they consider their own best interest; (3) a reasonable time is allowed for exposure to the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents a normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. QUINLIVAN APPRAISAL 5 ASSESSMENT AND TAXES - 2004 The subject property is assessed under the jurisdiction of the City of South Miami. The assessment for the property is established each year as ofJanuary 1st by the Miami -Dade County Property Appraiser's Office at 100% of "Just Value." Just Value has been equated to Market Value less closing costs. While the State of Florida requires real estate to be assessed at 100% of Just Value, in reality the ratio of the assessed value to sales price is generally below 100 %. Folio Number: 09- 4025 -010 -0040 Assessed Value: Land $ 8,813 Improvements $32,789* Total $41,602 Millage Rate: $26.4467 per $1,000 Tax Amount: $1,067.24 * The previous structure has been removed. OWNER OF RECORD AND ADDRESS ROG Investments, Inc. 8042 W 21" Avenue Hialeah, FL 33016 FIVE -YEAR HISTORY OF TITLE The subject property was sold by Warranty Deed in Lieu of Foreclosure in October of 2003 for $12,000. The seller was Jonathan Smith and the buyer was R.O.G. Investments, Inc. This transaction is recorded in Official Records Book 22617, Page 3694 of the Public Records of Miami - Dade County, Florida. This is not considered an arm's - length transaction. The subject property was sold in November of 2002 for $43,000. The seller was Acquisition Group, LLC and the buyer was Jonathan Smith. This transaction is recorded in Official Records Book 21574, Page 2794 of the Public Records of Miami -Dade County, Florida. Investigation of the Public Records of Miami -Dade County, Florida indicates no other sale transfer of title to the subject property during the past five years. QUINLIVAN APPRAISAL 6 ESTIMATED EXPOSURE TIME Exposure time is defined as the estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective -date of the appraisal; a retrospective estimate based upon an analysis of past events assuming a competitive and open market. The overall concept of reasonable exposure encompasses not only adequate, sufficient and reasonable time but also adequate, sufficient and reasonable effort. In estimating a reasonable exposure time for the subject property, the appraiser has taken the following steps: Discussion with buyers, sellers, brokers and /or a review of multiple listings of properties in the area related to historic marketing periods. Based on the above sources, exposure time is estimated to have been twelve months for the subject property. ESTIMATED MARKETING PERIOD The estimated value of the subject is predicated upon a normal marketing period. A normal marketing period is generally defined as the most probable amount of time necessary to expose and actively market a property on the open market to achieve a sale. Implicit in this definition are the following assumptions: (A) The property will be actively exposed and aggressively marketed to potential purchasers through marketing channels commonly used by sellers and buyers of similar type properties. (B) The property will be offered at a price reflecting the most probable markup over market value used by sellers of similar type properties. (C) A sale will be consummated under the terms and conditions of the definition of Market Value required by the regulation. In order to estimate the marketability of this property, the sales activity in this market area was reviewed over the past three years, multiple listings were reviewed and real estate brokers who operate in this area were interviewed. Based on the above sources, the subject property could be sold within a twelve month time period. QUINLIVAN APPRAISAL VA QIIINLTVAN APPRAISAL �.�.. NASSAU Z ChtHihoochee Havana ��. GA. ✓ Fernand) Ouintydt 0 LEON JEFFERSON HAMiL70N OC DUVAL GADSDEN oetiicello o A1f0" 4 J +spec BAKER 4,� Q ® Tollohassee Grctnvilla (- 'V� Oinsmo�r eo.ds.c MADISON Live Oak ` 0 •d COLUMBIA Macclennyd WAKULLA B+Idwin SI.M°rs. TAYLOR xh,oWaterlown CrawlordArdb ° Perry4 SUWANNEE lab CLAY ° g' 0 City UNION ST. FRANKLIN Folly Moyo Bron ord° UatI roAO° Deen Covt•o• j Butler 4 Sprs. tall Cmob.lb St arke LAFAYETTE High Sprs. 0 A _ ILCHRIST °Alachua PUTNAM A�MeMKOI Shorn. «Y T—Im ineSVille Ao �. Hawthorn P,I+Ika Cross Ci N.wbLA 0 � LEVY ALACHUA Beach no Beach r6ROWARD O,c.a. "s. a has in. h, Dania I W.Hallywood° coHoiIllllywood Hellendaleo !!ll OADE Oioro H. MIiami Beach Dpa- locker, N.Miami llll to Biscayne Pit? ISurIside Hialeah o Miami lIShort$ Some B Portd �llll) Spn. s Miami Beach W. Allunr,l ��1 //J B o Coral G 'bles S.Miaml f(�r;((� �vJ I�lL6 Miles DIXIE Descent a� \\\ Ch+dlwrd° BronwnA a MARION Crescent o Bunn", A Williston Holly Hill •. �. W. Endo vOLUSIA : „OVona Beach Cedar K. , AOc01a Port cruel ti. _LEGEND_ ® Slater Capital A County Soaps FRANKLIN-County Names POPULATION KEY sower 100,000 50,000 to 100,000 ® 23,000 to 50,000 0 20,000 to 25,000 10,000 to 20,000 ® 5,000 to 10,000 0 1,000 to 5,000 a Under 1,D00 ALA. Dumallon LAKE Oe lend New CITRUS oumetills Smyrna Beat oDyst +l Rarer SUMToR Leesburg Eustis SanlM d Wiidwood p Mt.Dera .m 4 `•r C.... Inverness Tavares W,hneB Apopka SEMINOLE A 0 °Oviedo Tilussvi Is HERNANDO Clermont Ocoee B :$Wi ^ter Park P 00 y rooksvilla Grow o rOfldO lacooche Win H. .. �PASCO 0ede.& F +pr ORANGE Coco city ty POLK AXissimmee Roc led fephyrhilts It . New Port Richey 0 ��a tAs ltt`d °St.tloud Eau Glli T,rpon 0 HILLSBOROUGH `� �°a�`�`eo AA Gry Hoioryaw „Dunedin wnstono� 0oo0lske Maude Melbourne Plant y �e �/ ODundeo OSCEOLA BREVARD %atNo "'Afar T mpaW M" Tampa Mull f Bw04, P 1+4a Waits Is t INDIAN RIVER �CuI r� t. Petersburg Fort Meade 0Frostproof Gifford PnrAGrilfe R' e � A MANATEE a wM.y 0Avon PY. Vero Batch Br; �nls oPalmetto fe" W uchula OKEECHOBEE ST. LUCIE ASebring Gdtr Hammock OSamoset Ft Pier, HAROEE Sato I ' 'OES& rasota OE SOTO Okeechobee HIGHLANDS .d SARASOTA •0`Acadia -\ MARTIN ° VM;ce 1 Gnlury° SANTA ROSA OKALOOSA WALTON HOLMES l [SCAM OIA \l BonN,y A. e a 1 Haltom Crestview kS Chi Do Funiak Sots. e °e °srdad Nlcevilte °Vernon uo+eRlu.u.Ae_ _ Y,Iparano al CLEARTYPE TRAae MARK Rla. U.e Pnl. err. COUNTY-TOWN FLORIDA Scale of Miles 0 20 M 60 MAP NO. 6508 AMER CAIN OMPANY, INC. o +�e,w+rose sae rues 11n 0L'ART ►PE YA►S OIOR ►�IRT YAPS Ne TORK CHARLOTTE GLADES uer Punta Cord, t {��aeeeenoere PALM BEACH Moore Haven \! °` Canal PL Riviera Baca yq Pahokee W.Polml LEE C Clewiston osenh. Lo e.11e H. rt. O r NO.. S. Bay B _ Ff. Myers H HENDRY l JACKSON a D Delray Bead �M,rlanna : B BROWARD Deerfield Beach BAY fir& .Lynn Haven ne s CALHOUN Beach Beach FL Lauderdale •®• Hollywood. Dry N. Miami Beach Ererpladn DADE Hiolaoh. � 1111 am! Beath MONROE Coral Gables I / . r A ' Perrineo LIBERTY f R.dlondo o° �iqj, GULF Ham1 0 h(n - 1 Florida City t i m FASO than .� Key West Crunahoochee Haven! ` '��. GA. ✓ Fernandina° a NASSAU a LEON JEFFER SON QY1ncyA 4 HAMILTON GADSDEN ticel Mad son dlasper 4J'O DUVAL ® o A BAKER ' .,POD e ° Tallllhossee creenvillt l eeeds.G It tic Bush MADISON Live Oak ��@ a Neptune Beach A Micclenny 0 UcBeachlk WAKULLA COLUMBIA •� Baldwin Beach SI.M.Is TAYLOR ,k,oWatertown CrowlorddviOo °, Perry SUWANNEE Lake CLAY ° r ge Pk 'dO Wry UNION ST. FRANKLIN Folly M.; Bren ado Buller'n eoRO Green Cow•Q JOHNS p, Sprs. Cotitle Pa.Q CorrobeR. Starke m„ LAFAYETTE High Spra. SLAuqustine 0 .Q ILCHRISI °Alichua PUTNAM oHouinps aekrca \ Sham ok r,.M°n Goinesvillgp Hawlhom Pilatkk� = °E. Polorl° Clogs City A Newberry o FLAGLER LEVY ALACHUA DIXIE Crescent Chi.lbnd° Br-s -A o MARION city ° BamNl willitt. W.IOnd VOLUSIA ., Cod. X. s w CedO� Ocala Pat Orang � Dumellon LAKE W Land BROWARD ° ewnnn. O Dm}i� W. Hollywood °. O Ho l lywood H.IIandaleO 1j)I DADE Oivso H.MiamiBeach Dpa- Ioctia N.Miomi C; Sur(sida Biscayne Pk? Hialeah ° Miami (Shares Miami Panel ry, U Port 111 � l Sprs. 711 W. Hill lone Belch CITRUS DUmatilla SmrrntFlk otrystal Rher BUNTER teesburr Eustis Sanford 4 widw °nnd • p° M ` A\Invert a TaApopka SEM INOLE 0 or,,:_ 0 5 Miles PERNANDOO — I Ckruant�Gcae O Oo 0 4wnterPark woksvillek. GrovHand° to tts :. s Lac wins Iitt «° Orlando PASCO mkb. Fart ORANGE IC- LEGEND POLK AKissimmet Roc edge ® StaN C°Ptfal Kew Port Richey ° ca'� atseil °SLCloud Eau Galli A County Stab Tarpon I ° HILLSBOROUGWmsian � �o� °��m Ury Noiop°w Mtkau•e �� Plant GI m °� oomolake Maude FRANKLIN.Counly Names Gtsorw� y I Vs+t o q� .Dundee OSCEOLA BREVARD a.vMSr•xlMl.� ^�'SS Tampa w.winott P� �oaven POPULATION KEY Pint Ks p•�TeTW MuNerryBertow Lake Wiles w !' INDIAN RIVER Over 100,000 ,� ° t. Petersburg Fat Meide oFroatprool Gifford PassAGrH6 R. Vera Beach° 50.000 to1DO,000' } MANATEE W::� oAwnPk. Bra ant .Palmetto Wtuchula OKEECHOBEE ST. LUCIE ® 2.1,0001. 50,000 \ \ \ OO Sebring Ceder Haawaod Sa'ooset Ft Pierce ® 20,000 to 25,000 \ \\ HARDEE Sara t �•o ESenso a DE SOTO Dkeechobtt m 10,000 to 20,000 HIGHLANDS A e 5,000 fa 10,000 SARASOTA �� MARTIN Stuart 0 1,00010 5,000 CHARLOTTE GLADES sits a Under 1,000 Punta Gorda { o[ErC«out PALM BEACH Moon H-.n \lo\ Canal PL Riviera No, Pthokea W. Palm Beach �T LEE Gewistan �4. rice tDBoll. MNtMn S. Bay ®Balk Glade Beach owloll�HWorth ALA. _ _ FLMyers HENDRY Beegladt CerroU • Boynton Batch ROSA OKALOOSA WALTON HOLMES °Or JACKSON A,* ✓ry 9 Otlr Batch Bonifty 4cevypt, . Immoide. A G .6 AMIlla^oa • BROWARO Deertkld &ace Crestview 6 Ch, pk yKtdso 4"• COLLIER mPonViso Beach De Funlak SW jpdod NlcevHk ° V.- Wtpartno e CALHOUN 1 Century° SAN csuL+Bu '1 Mlllon BAY A .& I. Hewn CLEARTYPE t•.DI M.•«•aa. U.I..er. err. COUNTY-TOWN FLORIDA Settle of Miles 0 20 M 60 MAP N0. 6508 AMER CAyN OMPANY, INC. orwr «uoas sa[wau«ca CL:ARTV ►E YAPS aLOR ►,iNT MAPS tIC YORK 71rP' LIBERTY GULF aklard RLO ql Ft Laoderdote Hollywoodm 1 No, Cily 0N.Miaml Beech E- 91.des DADE Hiolaahm lIli . /jiomi Beach MONROE Corot Goblet laml / Per4ito Redlonda c `,d Homisktdo hln I 1 Florida city J� •• L _ d Key West s. . TAMIAMI \ AIRIOAT r AlnI LOCATION MAP F 7 �� F NW lee TT RM1E �""qf AMP+• K AA+ rPr !/ Biscayne Bay LINE AO IS+AAw/ ZL DO I GA11D1 1.� y!� d�i r T �J General Highway Map of ' DADE COUNTY u PFLOIRIrDAt+ c A 1290 mu" MA► CO.. MIC. sW xa sr >twtlt �d AMANt1AA T rrAAr +n MOMESTLAD ill AIA ►OAC6 SASE �ao+wrn +Awn Y O+ IAt>wi� rtL+rrrr r ro wunn — roar• n rv+nr,r A— IT (l 1 YAIAACrrn C COUNTY DATA Miami -Dade County - Location and Size Miami -Dade County, which comprises the metropolitan area of Miami, is situated on'the southeast tip of the state of Florida. It is bordered on the east by the Atlantic Ocean, on the west by Monroe and Collier Counties, on the north by Broward County, and on the south by Monroe County (the Florida Keys). Miami -Dade County, the largest county in area and population in the state of Florida, covers an area of 2,054 square miles with an altitude ranging from sea level to 25 feet. Water covers 354 square miles of the County. Although the County is relatively large, approximately half of the total area is comprised of the Everglades, which is a natural area that will not be developed. Therefore, only the eastern section of Miami -Dade County encompasses the area which is currently developed or available for future development. Miami -Dade County's location, its southern latitude and proximity to the Gulf Stream provide for mild winters and pleasant summers. Population The state of Florida has increased rapidly in population from 9,740,000 in 1980 to 12,937,926 in 1990 and 15,982,378 in 2000. The July 1, 2002 population of Florida was estimated at 16,713,149. The population of Florida is expected to grow to 17,577,100 by 2005, a 1.8 % average. annual increase. Miami-Dade. County's population increased from 1,626,000 in 1980 to 1,937,094 in 1990, reflecting an average annual compounded growth rate of 1.77 %, compared with 2.88% for the state of Florida. By 2000, Miami -Dade County's population increased to approximately 2,253,362 and in 2003 it is estimated at 2,342,739. The population is estimated to grow to 2,430,000 by the Year 2005. Miami -Dade County's population growth during the last four decades has been dramatic especially in relation to national trends. From 1950 to 1990 the United States population increased by 60% while the population of Miami -Dade County has almost quadrupled from 495,084 to 1,937,000. During this period, the state of Florida was elevated from the 20th most populous state to the 4th in 1990 and continues to be the fourth most populous state. The population growth rate in Miami -Dade County has shown greater fluctuations than the national rates. The Miami -Dade County rate of population change was 84.9% during the period 1940 to 1950; 88.9% from 1950 to 1960; 35.6% from 1960 to 1970 and 28.2% from 1970 to 1980. In the period from 1980 to 1990, the rate of population change was 16 %. The average annual change from 1990 to 2000 was approximately 1.6 %. QUINLIVAN APPRAISAL : COUNTY DATA Miami -Dade County - Location and Size Miami -Dade County, which comprises the metropolitan area of Miami, is situated on the southeast tip of the state of Florida. It is bordered on the east by the Atlantic Ocean, on the west by Monroe and Collier Counties, on the north by Broward County, and on the south by Monroe County (the Florida Keys). Miami -Dade County, the largest county in area and population in the state of Florida, covers an area of 2,054 square miles with an altitude ranging from sea level to 25 feet. Water covers 354 square miles of the County. Although the County is relatively large, approximately half of the total area is comprised of the Everglades, which is a natural area that will not be developed. Therefore, only the eastern section of Miami -Dade County encompasses the area which is currently developed or available for future development. Miami -Dade County's location, its southern latitude and proximity to the Gulf Stream provide for mild winters and pleasant summers. Population The state of Florida has increased rapidly in population from 9,740,000 in 1980 to 12,937,926 in 1990 and 15,982,378 in 2000. The July .1, 2002 population of Florida was estimated at 16,713,149. The population of Florida is expected to grow to 17,577,100 by 2005, a 1.8% average. annual increase. Miami- Dade.County's population increased from 1,626,000 in 1980 to 1,937,094 in 1990, reflecting an average annual compounded growth rate of 1.77 %, compared with 2.88% for the state of Florida. . By 2000, Miami -Dade County's population increased to approximately 2,253,362 and in 2003 it is estimated at 2,342,739. The population is estimated to grow to 2,430,000 by the Year 2005. Miami -Dade County's population growth during the last four decades has been dramatic especially in relation to national trends. From 1950 to 1990 the United States population increased by 60% while the population of Miami -Dade County has almost quadrupled from 495,084 to 1,937,000. During this period, the state of Florida was elevated from the 20th most populous state to the 4th in 1990 and continues to be the fourth most populous state. The population growth rate in Miami -Dade County has shown greater fluctuations than the national rates. The Miami -Dade County rate of population change was 84.9% during the period 1940 to 1950; 88.9% from 1950 to 1960; 35.6% from 1960 to 1970 and 28.2% from 1970 to 1980. In the period from 1980 to 1990, the rate of population change was 16 %. The average annual change from 1990 to 2000 was approximately 1.6 %. QUINLIVAN APPRAISAL 8 During the 1960s, the major increase in Miami -Dade County's population was due to the large immigration of Cubans. Today, Cuban and other Spanish speaking people comprise approximately 57% of Miami -Dade County's population. The increase in Hispanic population has had favorable effects on the local economy and has helped to create a multi - national cultural environment in the area. The recent influx of political and economic refugees from Cuba, Haiti and Nicaragua has put an abnormal strain on public services and has affected the population data in a dramatic manner. However, a recent increase in population growth of people from Latin American, as well as from Europe and Canada, coupled with the increases in population from those people leaving the northern sections of the United States, indicate a positive prospect for the Miami -Dade County area in the future. The overall population of Miami -Dade County is well dispersed throughout the entire area, yet has several key areas of concentration. During the 1960s, several sub -areas accounted for approximately 70% of the growth. These areas include Hialeah, northern Miami -Dade County, the Beach area, the Miami River area, the area southwest of Miami International Airport, as well as the Kendall and Cutler Ridge areas. In the first half of the 1970s, population growth continued in an uneven fashion especially in the urban fringes. Since 1970, approximately three - fourths of the total population growth for the County has occurred in the unincorporated areas. The older centrally located cities such as Miami, Miami Beach and Coral Gables have grown at modest rates from 1970 to 1990. Unincorporated Miami -Dade County has evidenced the most rapid growth which continues to occur in areas in northeast Miami -Dade County (Aventura), as well as the currently expanding southwest area, especially in sections of Flagler Street, S.W. 8th Street and North Kendall Drive. Population trends indicate that most of the population growth in Miami -Dade County during the first half of the 2000s will occur in outlying areas such as North Miami Beach, the Golden Glades area, the Kendall area west of the Florida Turnpike, the S.W. 8th Street and Palmetto Expressway areas, the Hialeah -Miami Lakes area, as well as those areas both east and west of U.S.' Highway 1 between Sunset and Coral Reef Drives, and Cutler Ridge and the Goulds area. Employment Trends The dominant characteristic of Miami -Dade County is that it is primarily trade and service based. Personal, business and repair services have had a substantial increase in importance in the economic base over the last decade. The major sectors of the economy include services, wholesale and retail trade, transportation, communications, public utilities, government and manufacturing. The most dominant industries which form the County's economic base are construction and tourism. QUINLIVAN APPRAISAL 0 Tourism is Miami -Dade County's biggest industry with an estimated 10.23 million visitors in 2002 contributing to more than 50 percent of the area's economy. Aviation and related industries are responsible for another large segment of the economy. The garment industry ranks third in the nation after New York and Los Angeles. Table 1 shows the distribution of the non - agricultural work force in Miami -Dade County. TABLE 1 ANNUAL AVERAGE NON - AGRICULTURAL EMPLOYMENT 1998-2002 INDUSTRY 1998 1999 2000 2041 2002 TOTAL NONAGRICULTURAL EMPLOYMENT 975,900 987,000 1,016,100 1,033,100 1,017,800 CONSTRUCTION 33,700 34,800 37,500 36,600 40,300 MANUFACTURING 72,900 70,300 68,800 64,000 57,100 TRANSPORTATION AND PUBLIC UTILITIES 86,200 89,400 92,400 95,600 99,000 TRADE 256,200 258,800 261,000 265,800 191,100 FINANCE, INSURANCE AND REAL ESTATE 66,900 66,400 66,600 67,300 66,200 SERVICE AND MINING 322,500 329,300 346,800 354,600 414,300 GOVERNMENT 137,500 138,000 143,000 149,200 149,800 CIVILIAN LABOR FORCE 1,042,647 1,044,261 1,053,924 1,080,432 1,120,950 UNEMPLOYMENT 66,980 60,583 55,615 74,622 86,527 UNEMPLOYMENT RATE 6.4% 1 5.8% 1 5.3% 1 6.9% 1 7.7% Source: Florida Department of Labor & Employment Security, Bureau of Labor Market Information QUINLIVAN APPRAISAL 10 The largest employer in Miami -Dade County is the Miami -Dade County School Board, followed by Metro -Dade County, Federal Government, State of Florida, American Airlines, University of Miami, Jackson Memorial Hospital, Baptist Health Systems of South Florida, Bell South, and Florida Power and Light. Assuming additional importance is the growing prominence of Miami - Dade County as a center for international trade, finance and tourism. The establishment of Miami as the "Gateway of the Americas" should provide the area with a much needed degree of economic diversification. This should enable Miami -Dade County to weather slowdowns in the national economy by an increase of trade through the Port of Miami, growth of international arrivals at the airport, the Free Trade Zone, and the substantial foreign investment in the local economy, particularly in real estate. Prior to September 11, 2001, Florida's unemployment rate was 4.3 percent, up from 3.6 percent of the previous year, but still below the national average of 4.9 percent. In August of 2001, the unemployment rate for Miami -Dade County was 6.0 percent. Miami - Dade's jobless rate for November 2001 rose to 7.8 percent while Florida's unemployment rate rose to 5.0 percent. The September 11, 2001 event had a greater impact on tourism in Miami than the rest of the state. Miami -Dade County's jobless rate fell slightly to 7.6 percent in December of 2001 but as of December 2003 was 7.7 %. The tourism season, now in full swing, could provide a welcome respite. Income Over the past few years, the average per capita personal income in Miami -Dade County has been slightly lower than the per capita income for Florida, as well as the nation. TABLE 2 PER CAPITA PERSONAL INCOME SELECTED YEARS (CURRENT $) Source: U.S. Dept. of Commerce, Bureau of Economic Analysis and Miami -Dade County Planning Department Tourism Table 3 reveals a steady increase in the number of tourists visiting Miami -Dade County since 1990. The number of international visitors increased approximately 100% from 1985 to 1995. Due to the soft domestic economy, the number of domestic visitors had declined from 1989 to 1993; however, from 1995 to 2000 there has been a 1.5% average annual increase. QUINLIVAN APPRAISAL 11 TABLE 3 ESTIMATES OF MIAMI -DARE COUNTY TOURIST TRENDS Source: Greater Miami Convention and Visitors Bureau, Tourism Facts and Figures Figures for 2002 indicate 10,231,400 overnight visitors came to Miami -Dade County, a 2.6% decrease from 2001. The events of September 11, 2001 have had a negative effect on tourism which is expected to continue through 2003. Table 4 shows that the bulk of international visitors to Miami -Dade County originate from Central and South American Countries (50.1 %), followed by European Countries (23.04 %) and Caribbean Countries (13.2 %). England and Germany accounted for the largest proportion of European visitors. In 2002 there were a total of 3,642,990 passengers passing through the Port of Miami and approximately 30,060,241 through Miami International Airport. During 2002, the number of Port of Miami passengers increased 7.4% from 2001, and Miami International Airport decreased 5.1% from 2001. QUINLIVAN APPRAISAL IN IIVTERNATIONAi. x= ;DOMESTIC TOTAL' >� 1996 5,113,200 4,462,000 9,575,200 1997 5,278,700 4,564,600 9,843,300 1998 5,268,100 4,468,700 9,736,900 1999 5,399,800 4,385,800 9,785,600 2000 5,639,400 4,461,600 10,101,000 2001 5,245,700 5,263,600 10,509,300 2002 4,915,200 5,316,200 10,231,400 Source: Greater Miami Convention and Visitors Bureau, Tourism Facts and Figures Figures for 2002 indicate 10,231,400 overnight visitors came to Miami -Dade County, a 2.6% decrease from 2001. The events of September 11, 2001 have had a negative effect on tourism which is expected to continue through 2003. Table 4 shows that the bulk of international visitors to Miami -Dade County originate from Central and South American Countries (50.1 %), followed by European Countries (23.04 %) and Caribbean Countries (13.2 %). England and Germany accounted for the largest proportion of European visitors. In 2002 there were a total of 3,642,990 passengers passing through the Port of Miami and approximately 30,060,241 through Miami International Airport. During 2002, the number of Port of Miami passengers increased 7.4% from 2001, and Miami International Airport decreased 5.1% from 2001. QUINLIVAN APPRAISAL IN TABLE ESTIMATES OF INTERNATIONAL VISITORS BY REGION REGION 1998 :, 1999 2000 1 .2002 EUROPEAN COUNTRIES 25.8% 25.6% 25.1% 23.0% CARIBBEAN COUNTRIES 13.9% 13.6% 12.9% 13.20/a CENTRAL AMERICAN COUNTRIES 7.5% 7.4% 7.4% 8.0% SOUTH AMERICAN COUNTRIES 38.7% 39.4% 40.5% 42.1% CANADA 11.0% 11.1% 11.2% 10.9% OTHER COUNTRIES 3.1% 2.9% 2.9% 2.8% TOTAL 100% 100% 100% 100% Source: Greater Miami Convention and Visitors Bureau, Tourism Facts and Figures There are approximately 60,000 motel and hotel rooms in Greater Miami and the Beaches. The hotel -motel occupancy rate for 2002 of 62.2% was below the rate for 2001 of 64.4% and significantly below the 1998 to 2000 rates of 70 to 71 %. The occupancy rate for the first three quarters of 2003 was up 5.3% over the previous period in 2002. The average room rate in 2002 was $122.00. The first in a series of new luxury properties opened in September 2000 when the 21- story, 300 - room J.W. Marriott debuted on Brickell Avenue. In November of 2000, a 330 -room Mandarin Oriental opened on Brickell Key. A Four Seasons hotel and tower opened in November of 2003 on Brickell Avenue at South 14`h Terrace. The 66 -story tower features 220 guest rooms plus 56 extended -stay units. The property also includes 200,000 square feet of office space. In addition to the new properties mentioned above, a 350 -room Ritz Carlton beachfront hotel opened in Key Biscayne during 2001 and a 150 -room Ritz Carlton opened in September of 2002 in Coconut Grove. Miami -Dade Financial Resources Over the course of the last decade, Greater Miami has evolved into a major international financial center. Domestic and international businesses find convenient access to a full array of services provided by locally -based state and national commercial banks, savings and loan associations, foreign banks, non - depository credit institutions, securities and commodities brokers and insurance companies. QUINLIVAN APPRAISAL 1191 Greater Miami has the largest concentration of domestic and international banks south of New York City. With more than 90 percent of the state's foreign banks operating offices in Miami, this market dominates international banking in Florida. There are 43 international banking agencies, 13 Edge Act corporations and 4 Edge Act corporation branches operating in Greater Miami. Many of their banking customers are located in Latin America. Overall, about 150 domestic banks, savings and loans, foreign banks and Edge Act banks operate in Greater Miami. The greatest concentration is located along Brickell Avenue in downtown Miami. Transportation Miami -Dade County has an extensive expressway system with access to all points in the County. However, due to the rapidly increasing population, some of the expressways, especially I -95, are becoming overburdened. In 1984 Miami -Dade County completed a 20.5 mile elevated rapid transit system. This system extends southward from downtown Miami to Dadeland, paralleling U.S. Highway 1 and northwesterly from downtown Miami to Hialeah. In conjunction with this system, there is a downtown people mover system which encircles the central business district of Miami and extends south to the Brickell area and north to the Omni area. Miami -Dade County is served by the CSX and Florida East Coast Railroads for freight and Amtrak Rail, Greyhound and Trailways Interstate bus lines for passenger service. Miami International Airport, one of the nation's largest and busiest, had approximately 32.5 million arrivals and departures in 2002. Moody's Investor Service, a major bond- rating company, recently ranked the airport Aa (the second highest rating an airport can enjoy). Only Los Angeles International Airport shares this ranking; no U.S. airport has ever attained the highest ranking of Aal. According to Moody's, a key factor in the ranking is the airport's "market value as an international gateway with its own strong organization- and - destination base ". The airport is currently undergoing a $5.4 billion expansion. New South and North terminals and a fourth runway are planned. Miami has become a port of embarkation for airlines and ships bound for Central and South American Countries. The Port of Miami, besides being the largest passenger port in the nation, is also important as a cargo center with a 2002 annual tonnage of approximately 9.0 million up from 8.8 million in 2001 and 7,800,000 in 2000. The port's traditional customer base has been Latin America and the Caribbean, accounting for 64% of the port's total volume. Miami's comprehensive transportation system and its strategic location have enabled it to become an important international transportation center, providing commercial access to Latin America and the Caribbean. QUINLIVAN APPRAISAL 14 Government Miami -Dade County is comprised of unincorporated areas, as well as thirty -one municipalities, the largest of which is the city of Miami. Miami -Dade County is governed under a modified two -tier metropolitan government. The purpose of this type government. was to establish one governing body for the county, and to establish one supply of services such as fire, police, etc. for the county. The upper tier is the County, which provides broad "regional" or county functions, such as metropolitan planning, welfare, health and transit services. The thirty -one municipalities represent the lower tier of government, providing a varying array of services within their jurisdictional boundaries. The County also maintains lower tier functions, such as the provision of municipal -type services, including police and fire, to the unincorporated areas and certain municipalities on a negotiated basis. The County operates under the Commission - Manager form of government. Legislative and policy - making authority is vested in the elected thirteen - member Board of County Commissioners; the Commission appointed County Manager is the chief administrator. Miami -Dade County has operated under the metropolitan form of government since 1957, when the Home Rule Charter was passed by the local electorate. Prior to Home Rule, the County had to rely on the State Legislature for the enactment of its laws. County government had not been able to respond to the tremendous demand for municipal services in this rapidly urbanizing area, which is larger than the State of Rhode Island or Delaware. The need to combine services duplicated by the County and numerous cities was also clearly evident. The Charter permitted the limited County government to reorganize into a general purpose "municipal - type" government capable of performing the full range of public functions into an area wide operation. Real Estate As of the second quarter of 2003, the Miami -Dade County Office Market contained approximately 34.55 million square feet of office space. Approximately 34.3% of this space is located in the Miami central business district and adjacent Brickell Avenue and 21.5% in the rapidly growing Airport West area. There was a decrease in the occupancy rate of office buildings in Miami -Dade County from 92% in 1981 to 77.6% in 1991. Since 1992, there was an increase in occupancy from 81.4% to 88.9% in the fourth quarter of 1999. From the fourth quarter of 1999 to the fourth quarter of 2001, the occupancy rate remained relatively stable at around 88 %. The overall County wide occupancy rate as of the second quarter of 2003 has declined to 83.52 %. Many new Class A buildings were completed on Brickell Avenue, in Coral Gables and on Miami Beach which caused an increase in vacancy rates for 2003. Q UINLIVAN APPRAISAL IS Office rental rates in new buildings typically range from $20.00 to $35.00 per square foot. The low end of the range is for office space in the suburban markets. The upper end of the range is for first class office space in Downtown Miami, Brickell Avenue, Coconut Grove and Coral Gables. The Greater Miami Industrial Market, as of the Third Quarter of 2003, consisted of approximately 189 million square feet of industrial space. The approximate percentage location of this space is as follows: `MARKET AREA .`,r ',,,. . ,, ten; s K MARK>T`SPACE AIRPORT WEST 32% HIALEAH 18% CENTRAL DADE 12% NORTHWEST/MEDLEY 16% NORTH DADE 13% SOUTH DADE 5% BIRD/TAMIAMI 4010 TOTAL 100% The major use of industrial space is warehousing/distribution which accounts for approximately 65% of the occupied space. Manufacturing and technology occupy the remainder of the space accounting for approximately 20% and 15% of the industrial space, respectively. The county's vacancy rate for the overall Miami -Dade County industrial market for the third quarter of 2003 was 9.3 %, Medley and Airport West had the highest vacancy rates, 10.2% and 12.7 %, respectively. Industrial rental rates generally range from $4.00 to $8.00 per square foot. The median sale price per square foot in 2001 for industrial space in Miami -Dade County was $47.19, by the first quarter of 2003 it had increased to $53.61 per square foot. The continued slowness of the national economy, now beginning to climb out of a recession, has contributed to the weakness in the Miami -Dade County industrial market. Overall vacancy rates have increased and the general level of demand has decreased. The majority of the developers have placed all plans for speculative development on hold. It is projected that by the fourth quarter of 2003 and into 2004, the overall economy will begin its recovery and that demand levels for industrial space will again increase. The number of single family residential permits decreased 6.8% from 6,166 in 1999 to 5,771 in 2000. Since 2000, the number of permits has increased to 6,600 in 2002. The average sale price of a new residence in Miami -Dade County in 2003 was $302,158 up 10.3% from $273,918 in 2002. QUINLIVAN APPRAISAL 16 According to data from the Department of Business and Professional Regulation, Miami -Dade County has over 290,000 licensed rental apartment units. Reinhold P. Wolff Quarterly Housing Report shows a vacancy rate of 4.3% in August of 2002, slightly higher than the 4.0% rate of August of 2002. The vacancy rate has been declining steadily since 1991, but the decline accelerated after August 1992; this is attributable to Hurricane Andrew. Rental apartments have average rental rates of $865 per month for a one bedroom apartment and $1,077 per month for a two bedroom apartment, as of August 2002. The condominium apartment market experienced an all -time high inventory of 15,722 units in October of 1986. The inventory has decreased to 7,552 units as of March of 2003. The high inventory caused the average sale price of a new condominium unit to decline from $112,604 in 1982 to $87,990 in 1987. However, the average sale price increased dramatically to $162,752 in 1991, declining to $130,545 in 1994 but again dramatically increasing to $291,911 in 2003. The Miami -Dade County retail market contains approximately 52.5 million square feet in buildings over 20,000 square feet. The major retail markets in Miami -Dade County include Hialeah, Coral Gables /South Miami -Dade, Aventura and Kendall. Rental rates typically range from $15.00 to $40.00 per square foot with an average rate of $18.90 per square foot. The overall Miami -Dade County vacancy rate for 2003 was approximately 5.3 %, a 13.6% decrease from the previous year. The vacancy level is lowest in super regional malls and highest in unanchored strip centers. Conclusions In the future, one of the principal growth areas for Miami -Dade County is expected to be the international sector. Miami -Dade County, because of its geographic location and excellent transportation facilities, is well- suited to attract both business individuals and tourists from Latin America. It is already one of the principal shopping markets for Central and South Americans visiting the United States and one of the principal export points for goods and services destined for Latin America. A major consideration to future real estate development in Florida will be compliance with the State's concurrency law mandated by the Growth Management Act. This law requires developers to build sufficient infrastructure. Concurrency requires that basic facilities and services be in place or the money to build the same be available before the construction of new development is granted approval. The existence of major financial institutions, retail outlets, corporations and other business entities, coupled with its geographic location, transportation systems and planned international trade centers give Miami -Dade County an excellent opportunity for continued growth as an international center. QUINLIVANAPPRAISAL 17 NEIGHBORHOOD MAP QUINLIVAN APPRAISAL NEIGHBORHOOD MAP QUINLIVAN APPRAISAL NEIGHBORHOOD DATA The subject is located in the City of South Miami, approximately six miles southwest of the Central Business District of Miami. The subject property maybe further identified as being located on the east side of S.W. 60" Avenue, approximately 100 feet south of SW 64`' Street. The subject property is approximately 1' /z miles east of the Palmetto Expressway, five blocks west of Red Road (SW 57`h Avenue), and 5 blocks north of U.S. 1 and Sunset Drive (SW 72nd Street). Sunset Drive (SW 72 "d Street) is an east/west traffic artery in southwest Miami -Dade County. Sunset Drive extends westerly from LeJeune Road (S.W. 42nd Avenue) to S.W. 167th Avenue. A variety of commercial properties front along Sunset Drive. These properties are generally retail and service oriented, such as strip shopping centers, automobile service stations, restaurants and small single tenant office buildings. Single family residential neighborhoods also front on Sunset Drive. Red Road (S.W. 57th Avenue) is a north/south traffic artery in Miami -Dade County. Red Road extends northerly from Old Cutler Road to the Miami International Airport. Red Road is a major commuting artery from South Miami and Coral Gables areas to the Miami International Airport. The Palmetto Expressway is a limited access state highway. The Palmetto Expressway extends northeasterly to the Golden Glades Interchange from U.S. Highway 1 at S.W. 104th Street. The Palmetto Expressway ranges from two lanes to eight lanes. Other major east/west roadways in the area are Ludlam Road (SW 67`' Avenue), SW 8th Street, Coral Way (SW 24" Street), Miller Drive (SW 56`' Street). The subject property's subdivision primarily consists of single and multi - family residential properties constructed during the 1930s. Recent sale prices of the two to three bedroom single family residences range from $43,000 to $159,000. The areas to the north and south of SW 64" Street in the vicinity of the subject are comprised primarily of single family residential subdivisions. The majority of the houses in these subdivisions were built between the 1940s and the 1970s. During the late 1990s and early 2000s, several of the older homes in this area were torn down and rebuilt. Recent sale prices of these two to three bedroom residences range between $165,000 and $350,000. South Miami Hospital, located approximately one -half mile south of the subject property, is an affiliate of the Baptist Health South Florida organization. Founded as a 100 -bed hospital in 1960, South Miami Hospital has grown to support a capacity of 445 patients. The first phase of a $130 million renovation and expansion project is currently underway and is expected to be completed in the spring of 2005. This phase includes a six -story Medical Arts building. JRE Lee Opportunity school is an alternative middle school program. This public school is a disciplinary school which offers 6'h - 81h grade students an alternative to expulsion. Students attend for a minimum of nine weeks up to more than one year. In general, the subject neighborhood would be described as a moderately priced residential area with some spotted commercial facilities. QVINLIVAN APPRAISAL 18 QUINLIVAN APPRAISAL SITE DATA Dimensions and Shane: The site is rectangular in shape. The site fronts 50 feet, more or less, along the east side of SW 60`h Avenue with a depth easterly of 117.5 feet, more or less. Area: 5,875 square feet 0.135 Acres (Source: Miami -Dade County Property Appraiser's Office) Topography and Drainage: The site is level and approximately at street grade. Flood Zone: Map 12025CO276J "X" Areas determined to be outside 500 -year floodplain. Soil and Subsoil: The immediate area of the subject site appears to have no unusual soil or subsoil conditions. Unusual conditions would be brought out by test borings. Utilities: Water: Miami -Dade Water and Sewer Authority Sewer: Miami -Dade Water and Sewer Authority Electricity: Florida Power & Light Company Telephone: BellSouth Telephone Company Street Improvements: SW 60'*Avenue is asphalt paved with a dedicated width of 30 feet. SW 60 "' Avenue contains one northbound lane and one southbound lane. SW 60`h Avenue contains sidewalks, curbs, gutters, and street lighting. QUINLIVAN APPRAISAL 19 SITE MAP 7 �, • ACT )T u1 14 77 to h M �S• (125 41 ) � ; iro ^• ion • ; � J ti i f 7 m 4 cn ,s nr M RF<fi R NlTRACT .k. Gr TftI1CT "D" G? `- ST. l < ?Ac-r P "�� :�•- .. R A ... I 459• F. �1��illllll�l QUINLIVAN APPRAISAL 5'° 50 X02 n . Ter. • \°' �,..,,�� COO w i •_• �- `O N r !1 5 so > Q 10 7d N ,• on Ao 4 t , In rd. St fA 3 !00 UNIVERSITY ' %" Z;� 4a e a f, GARDENS • � w (103 -47) sw (4 c a I 7 �, • ACT )T u1 14 77 to h M �S• (125 41 ) � ; iro ^• ion • ; � J ti i f 7 m 4 cn ,s nr M RF<fi R NlTRACT .k. Gr TftI1CT "D" G? `- ST. l < ?Ac-r P "�� :�•- .. R A ... I 459• F. �1��illllll�l QUINLIVAN APPRAISAL QUINLIy`4N'4PPRA.ISAL ZONIN Under Ordinance of the City of South Miami. Classification: NR NEIGHBORHOOD RETAIL Intent and Scale: "The purpose of this district is to permit convenience commercial uses which provide for the everyday retail and personal service needs of nearby residential neighborhoods in a compatible and convenient manner. This district is appropriate in areas designated `Neighborhood Retail Development' on the city's adopted Comprehensive Plan." Permitted. Principal Uses include day care centers, public parks or playgrounds, beauty or barber shops, chiropractic offices and clinics, counseling services,. dentist offices, dry cleaning substations, film processing substations, insurance agencies, laundromats, mail and parcel centers, massage therapists, notary public, personal skills instruction studios, physical therapists, quick printing, real estate agencies, shoe repair shops, travel agencies, video tap rental stores, confectionary and ice cream parlors, dairy products stores, delis, pharmacy or sundry stores, florists, newsstands, and tobacco shops. Permitted Special Uses include mobile automobile wash /wax services and general or walk -up restaurants. INTENSITY Minimum Lot Size: Minimum Frontage: Height: Floor Area Ratio: Setbacks: Front Side Rear 7,500 Square Feet 75 Feet 25 feet 2 stories Maximum of .25 times the gross lot area 25 feet 15 feet (street) 15 feet QUINLIVAN APPRAISAL 20 mo MNLIYANAPP.41SAL HIGHEST AND BEST USE Fundamental to the concept of value is the theory of highest and best use. Land is valued as if vacant and available for its highest and best use. The Appraisal Institute in TheAppraisal of Real Estate, Twelfth Edition, defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and results in the highest value. Land has limited value unless there is a present or anticipated use for it; the amount of value depends on the nature of the land's anticipated use, according to the concept of surplus productivity. Among all reasonable, alternative uses, the use that yields the highest present land value, after payments are made for labor, capital, and coordination, is generally regarded as the highest and best use of the land as though vacant. The highest and best use of a property as improved refers to the optimal use that could be made of the property including all existing structures. The implication is that the existing improvement should be renovated or retained as so long as it continues to contribute to the total market value of the property, or until the return from a new improvement would more than offset the cost of demolishing the existing building and constructing a new one. In estimating the highest and best use there are essentially four stages of analysis: 1. Possible Use. What uses of the site being appraised are physically possible? 2. Permissible Use (Lem What uses are permitted by Zoning and Deed Restriction, if any? 3. Feasible Use. Which possible and permissible uses will produce a net return to the owner of the site? 4. Maximally Productive. Among feasible uses, which use will produce the highest net return to the owner of the site? The highest and best use of the land (or site), if vacant and available for use, may be different from the highest and best use of the improved property. This is true when the improvements are not an appropriate use, but make a contribution to the total property value in excess of the value of the site. The following four point test must be met in estimating the Highest and Best Use. The use must be legal. The use must be probable, not speculative or conjectural. There must be a profitable demand for such use and it must return to the land the highest net return for the longest period of time. QUINLIVAN APPRAISAL 21 These tests have been applied to the subject property. In arriving at the estimate of Highest and Best Use, the subject site was analyzed as vacant and available for development. Possible Use The subject site has 50 feet, more or less, of frontage on SW 60'h Avenue. Therefore, the subject property has adequate access and exposure on a secondary street. The subject site is rectangular in shape, having adequate functional utility. All necessary utility services are available along existing street right -of -ways. The site is filled to street grade and does not appear to have any drainage or subsoil deficiencies. The subject site is 5,875 square feet in size which equates to 0.135 acres. The size of the subject site would limit its use. The physical characteristics of the subject site may restrict residential or commercial use of the site. Permissible Use Permissible or legal uses are those uses which are permitted by zoning or deed restrictions. There are presently no known private deed restrictions of record. The subject site is zoned for neighborhood retail uses and permits a range of convenience commercial uses. According to the zoning regulations, the minimum required lot size for building is 7,500 square feet, larger than the 5,875 square feet that the subject site contains. The maximum buildable density of the subject site is 0.25 times the gross lot area which would be approximately of 1469 square feet. The building height is limited to 25 feet or two stories. Feasible Use /Maximally Productive Use The zoning of the subject property permits a wide range of potential uses. The possible and permissible uses of the subject site include day care centers, public parks or playgrounds, beauty or barber shops, chiropractic offices and clinics, counseling services, dentist offices, dry cleaning substations, film processing substations, insurance agencies, laundromats, mail and parcel centers, massage therapists, notary public, personal skills instruction studios, physical therapists, quick printing, real estate agencies, shoe repair shops, travel agencies, video tap rental stores, confectionary and ice cream parlors, dairy products stores, delis, pharmacy or sundry stores, florists, newsstands, and tobacco shops. The physical characteristics of the subject property limit potential uses. The zoning of the subject property requires a minimum lot size of 7,500 square feet while the subject site only contains 5,875 square feet. Conclusion - (As Vacant) Based on the above factors, the highest and best use of the site, as vacant, is estimated to be for future development in conjunction with neighboring parcels. Q UINLIVAN APPRAISAL 22 QUINLIVAN APPRAISAL SCOPE OF THE APPRAISAL The value of a site can be estimated by various methods which include Direct Sales Comparison, Allocation, Extraction; Development Approach, Land Residual or Ground Rent Capitalization. However, the Direct Sales Comparison Approach is the most preferred and utilized technique when sales of comparable sites are available. The other methodologies are indirect techniques which are generally used when an area is primarily built -up and sales of comparable sites are scarce. The Direct Sales Comparison Method of valuing the subject site was relied on due to the availability of recent land sales. In the Direct Sales Comparison Method, sales of similar recently sold sites with a similar highest and best use as the subject site are analyzed, compared and adjusted by time, property characteristics and location to indicate the Market Value of the subject site as though unimproved. The reliability of this approach is dependent upon the availability of comparable sales data, the verification of the sales data, the degree of comparability and the absence of non - typical conditions affecting the sale. A search for sales of vacant sites in the general location of the subject site was conducted. Sales of sites with similar highest and best uses as the subject site are utilized, in this analysis. Data related to the subject property was derived from various sources including but not limited to the Miami -Dade County Property Appraiser's Office, Miami -Dade County plats as complied by First American Real Estate Solutions, Inc., FEMA flood zone maps, Land Development Regulations of the City of South Miami, and tax roll information by ISCNET. Comparable sales sources include First American Real Estate Solutions, Inc., on -line computer service provided by ISCNET, Board of Realtors' Multiple Listing Service, Tri- County Clipping Service and Landata, Inc. Sales prices are typically confirmed with a party to the transaction, i.e. buyer, seller, real estate agent or attorney to the transaction. QUINLIVAN APPRAISAL 23 QUINLIVANAPPRAISAL LAND VALUE A land value estimate is concluded by comparing the subject site to comparable land sales. Generally, the comparable land sales are adjusted by time, property, and location to indicate the Market Value of the subject site as though unimproved. This process is known as the Direct Sales Comparison Method. The Direct Sales Comparison Method is a process of analyzing sales of similar recently sold land parcels in order to derive an indication of the most probable sales price of the site being appraised. The reliability of this approach is dependent upon the availability of comparable sales data, the verification of the sales data, the degree of comparability and the absence of non - typical conditions affecting the sale. The following pages contain sales of similar land sites which have recently sold. Several other sales were considered, but were not included because there was too wide a difference in physical factors, location and time. In comparing the sales to the subject, consideration was given to factors of time, location, property characteristics, and terms and conditions of the sale. The sales were analyzed on a price paid per square foot of land area. The land sales are all located within an seven block radius of the subject property. The sales and the subject property vary in zoning classifications but they are all zoned for commercial use. While the densities do vary, most properties are not developed to their maximum density. Due to the scarcity of recent sales of similar zoning in the area, the appraiser also analyzed older land sales ranging in time from April of 1998 to October of 2004 A detailed breakdown of each sale, a photograph of the sales, a summary of the sales, a sales map and a value conclusion follows herein. QUINLIVAN APPRAISAL 24 DATE: PRICE: TYPE INSTRUMENT: RECORDATION: i FOLIO NUMBERS: GRANTORS: GRANTEE: LEGAL: LOCATION: SITE DESCRIPTION: Dimensions: Size: Zoning: Current Use: UNIT PRICE: FINANCING: REMARKS: LAND SALE I April 7, 1998 December 4, 1998 $230,000 (2 transactions) Warranty Deeds 0. R. Book 18144, Page 185 0. R. Book 18414, Page 2067 09-4025-012-0400,0410,-0420,0430 and 0440 Leon A. Roth and Rita Levin, Woodson Anderson Stevens, Jr. and Elizabeth H. Stevens Alex T. Zakharia Lots 8 - 12, Block 4, COCOPLUM TERRACE ADDITION, according to the plat thereof, as recorded in Plat Book 48, Page 38, of the Public Records of Miami -Dade County, Florida. NWC of SW 62 Ave and theoretical SW 66 St South Miami, Florida 100'x 250' 25,000 Square Feet 0.57 Acres NR, Neighborhood Retail Vacant $9.20 per Square Foot Cash to seller The site was purchased in two separate transactions. Q UINLIYAN APPRAISAL 25 LAND SALE I QUIMIVAAT APPRAISAL LAND SALE 2 DATE: January 5, 2001 Size: January 19, 2001 PRICE: $341,500 (three transactions) TYPE INSTRUMENT: Warranty Deeds RECORDATION: O. R. Book 19451, Page 3676 UNIT PRICE: O. R. Book 19547, Page 1533 and 1535 FOLIO NUMBERS: 09- 4025 -022 -0170, 0180 and 0190 GRANTORS: Harry R. And Elizabeth F. McGinnis, Ralph E. McGinnis; and Hapan 56 Corporation; GRANTEE: Southeastern Investment Group LEGAL: Lots 1 - 6 less East 10 feet for R/W, COCOPLUM TERRACE, according to the plat thereof, as recorded in Plat Book 25, Page 4, of the Public Records of Miami -Dade County, Florida. LOCATION: SWC of SW 62nd Ave and SW 68"' St South Miami, Florida SITE DESCRIPTION: Dimensions: Irregular Size: 33,468 Square Feet 0.77 Acres Zoning: NR, Neighborhood Retail Current Use: Vacant UNIT PRICE: $10.20 per Square Foot FINANCING: Cash to seller REMARKS: This property was purchased in three transactions. QUINLIVAN APPRAISAL 26 LAND SALE 2 QUINLIVANAPPRAISAL DATE: PRICE: TYPE INSTRUMENT: RECORDATION: FOLIO NUMBERS: GRANTOR: GRANTEE: LEGAL: LOCATION: SITE DESCRIPTION: Dimensions: Size: Zoning: Current Use: UNIT PRICE: FINANCING: REMARKS: LAND SALE 3 May 10, 2004 $385,000 Warranty Deed O. R. Book 22337, Page 3317 09- 4025 -010 -0050 and 0180 William and Margaret Montgomery Graham Hanover, Inc. Lot 4 less West 2.5 feet, Block 1, and Lot 17 less East 27.5 feet, FRANKLIN SUBDIVISION, according to the plat thereof, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County, Florida. 6442 SW 59 Place South Miami, Florida Irregular 10,500 Square Feet 0.241 Acres NR, Neighborhood Retail RS -4, Single Family Older apartment building and single family residence $36.67 per Square Foot Purchase money mortgage of $245,000 The buyer also owns the apartment building across the street from this site. The buildings contribute value to the property. QUINLIVAN APPRAISAL 27 LAND SALE 3 QUINLIVANAPPRAISAL DATE: September 21, 2004 PRICE: $70,000 TYPE INSTRUMENT: Warranty Deed RECORDATION: O. R. Book 22678, Page 2408 FOLIO NUMBERS: 09 -4025- 010 -0630 GRANTOR: Claudia M. Wright GRANTEE: Gary D. Eisenberg LEGAL: Lots 61 - 62 and West 11.25 feet of alley lying east and adjacent closed per ordinance 7-79 - 1029, Block 10, FRANKLIN SUBDIVISION, according to the plat thereof, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County, Florida. LOCATION: 6511 SW 591h Court South Miami, Florida SITE DESCRIPTION: Dimensions: 100'x 121' Size: 12,100 Square Feet 0.28 Acres Zoning: RS -4, Single Family Current Use: Vacant UNIT PRICE: $5.79 per Square Foot FINANCING: Cash to seller. REMARKS: The site is vacant. QUINLIVAN APPRAISAL 28 `� � # F $: F i a �,r, r» fi '{ �� ' ,- � r � �� k d �NM 4f:. ..zt.ywv. —. � 'l� v1. �A�M ?u�, b�.,7} � �. x SS �� 41 3"; � �� i `k�Y� �, � ��.� f� .;h: �' 9 n � ; V � { ��§ � � 4 v �� . �z� .« � ,. �, , wF � �x^TX.wy >, + #( F ac 4 SITE DESCRIPTION: Dimensions: LAND SALE 5 DATE: October 7, 2004 PRICE: $85,000 TYPE INSTRUMENT: Warranty Deed RECORDATION: O. R. Book 22723, Page 1022 FOLIO NUMBERS: 09- 4025- 010 -0030 GRANTOR: Mildred Berry GRANTEE: Richard Prioleau Jr. LEGAL: Lot 2 less West 2.5 feet, Block 1, FRANKLIN SUBDIVISION, according to the plat thereof, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County, Florida. LOCATION: 6415 SW 601h Avenue South Miami, Florida SITE DESCRIPTION: Dimensions: 50'x 117.5' Size: 5,875 Square Feet 0.135 Acres Zoning: NR, Neighborhood Retail Current Use: Older single family residence UNIT PRICE: $14.47 per Square Foot FINANCING: Cash to seller REMARKS: The residence on this site is currently boarded but appears to contribute value to the property. QUINLIVAN APPRAISAL 29 x PARABLE LAND SALES CO�'VI . 9UINLIVAN APPRAISAL ,ARABLE LAND SALES C01V1P . QUINLTVAN APPRAISAL 'ti C :vz o n N C% r y vl' ca M w z kn tWii VJi En C3' a U ° „ °z cn .`'. a0 cn a o En W a C :vz o A, C% vl' ca M w z kn tWii VJi C3' U ° o �• a0 o � a 6.9 �o z O W a z N ...:.,,.. Cn ; wC 0000 00 N ~' CD 0 00 cr tz Lf, 41 cs 00 O r t ^ O O N .',. a �O c W m i Ch N r+ 00 R. 00 W Vn °' N W C� a� Ln pp O w n Vii C r N m' w^ Uo tom, w o Fw' O f9 D. O O N to c CD CD 0O •.� X W In O N ~ N v c7 00 g o� ► � N r Imov, ^ /y- t F x co 00 w n O z O A G ? N rCDi, W 0o -j 0000 .. w N Ca N) O CD o' CD CD (n p ° O tlt Y Oo S O N o o a 0 CD �' a ANALYSIS OF SALES The land sales range in unit price from $5.79 to $36.67 per square foot. The sales range in time from April of 1998 to October of 2004. Property Rights The fee simple interest is the property right of the subject property being valued. The comparable sales involved the same type of property rights. Conditions of Sale All of the sales were arm's- length transactions. An arm's- length transaction is defined as a transaction freely arrived at in the open market unaffected by abnormal pressure or by the absence of normal competitive negotiation as might be true in the case between related parties. Financing The financing of the sales does not indicate any adjustments of their prices for favorable/below market financing. Date of Sales (Market Condition) The land sales occurred between April of 1998 and October of 2004. There has been an increasing price trend in this market area. Location The sales are located within an six block radius of the subject site. Sales 1 and 2 are located west of the subject property and are considered superior in location. Sales 3 and 5 are adjacent to the subject property on the south and north, respectively. Sale 4 is located within one block of the subject property and are considered similar in location. Zonin The sales are zoned for commercial and residential use. Currently, similarly zoned commercial sites in the immediate neighborhood are primarily being used for single and multi- family residential. Land Size The subject property contains 5,875 square feet. The comparable sales range from 5,875 to 33,468 per square foot. The subject site does not meet the minimum lot size and would have to be assembled with adjacent parcels. QVINLIVAN APPRAISAL 30 Building Improvements Sales 3 and 5 contain building structures which contribute value to the property. Conclusion LE 1 ". - SAI:E,2 SALE 3:, [, SALE 4'e SALE S Unit Price $9.20 $10.20 $36.67 $5.79 $14.47 Property Rights = _ Financing = _ Market Conditions + + Location - - Zoning = _ Land Size - - Improvements = _ Other = _ Total Adjustments - - Based on a careful analysis of the land sales, the value of the subject site is estimated at $7.50 per square foot. 5,875 SF x $7.50 per square foot = $44,063 Rounded — $44,100 QUINLIVAN APPRAISAL 31 QUINLIVAN APPRAISAL ASSUMPTIONS AND LIMITING CONDITIONS This Appraisal Report has been made with the following general assumptions: 1. No responsibility is assumed for the legal description or for matters including legal or title considerations. Title to the property is assumed to be good and marketable unless otherwise stated. 2. The property is appraised free -and clear of any or all liens or encumbrances unless otherwise stated. 3. Responsible ownership and competent property management are assumed. 4. The information furnished by others is believed to be reliable. However, no warranty is given for its accuracy. S. All engineering is assumed to be correct. The plot plans and illustrative material in this report are included only to assist the reader in visualizing the property. 6. If no survey has been furnished to the appraiser, all measurements have been confirmed either in the field, in the plat book or by other reliable sources and are presumed to be accurate. 7. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for arranging for engineering studies that may be required to discover them. 8. It is assumed that there is full compliance with all applicable federal, state and local environmental regulations and laws unless noncompliance is stated, defined and considered in the Appraisal Report. 9. It is assumed, unless a study has been provided otherwise, that no hazardous material such as asbestos, urea formaldehyde or other toxic waste exists in the property. The existence of a potentially hazardous material could have a significant effect on the value of the property. QUINLIVAN APPRAISAL KYA 10. In reference to proposed construction, the real estate taxes and other expenses are estimated. These amounts are not guaranteed. 11. It is assumed in the valuation of the subject land site, unless a compliance letter has been furnished to us, that the State of Florida Growth Management Act does not prevent the issuance of a building permit. 12. It is assumed that all required licenses, certificates of occupancy, consents, or other legislative or administrative authority from any local, state or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. 13. It is assumed that the utilization of the land and improvements is within the boundaries of property lines of the property described and that there is no encroachment or trespass unless noted in the report. This Appraisal Report has been made with the following general limiting conditions: The distribution, if any, of the total valuation of this report between land and improvements applies, only under the stated program of utilization. The separate allocations for land and buildings must not be used in conjunction with any other. appraisal and are invalid if so used. 2. Possession of this report, or a copy thereof, does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed without the written consent of the appraiser, and in any event, only with proper written qualification and only in its entirety. 3. The appraiser herein by reason of this appraisal is not required to give further consultation, testimony, or be in attendance in court with reference to the property. in question unless arrangements have been previously made. 4. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser, or the firm with which the appraiser is connected) shall be disseminated to the public through advertising, public relations, news, sales, or other media without the prior written consent and approval of the appraiser. QUINLIVAN APPRAISAL 33 ' QUALIFICATIONS OF THE APPRAISER J. MARK QUINLIVAN Experience: Engaged in the field of real estate appraising since 1972. Associated with F. Robert Quinlivan, MAI, from 1972 to 1985. Currently President of Quinlivan Appraisal, P.A., a Real Estate Appraising and Consulting Firm, established in 1964. Graduate: University of Notre Dame ' BBA - Bachelor of Business Administration (Major in Finance and Business Economics) University of Maryland MBA - Master of Business Administration (Concentration in Finance) University of Miami Law School JD - Juris Doctor (Concentration in Real Estate and Taxation) Florida International University MSM - Master of Science in Management (Major in Real Estate) University of Miami MALS - Master of Arts in Liberal Studies (Humanities) Professional Affiliations: I Member of the Appraisal Institute (MAI 5791) Member of the Florida Bar ( 239992) Real Estate Broker, State of Florida ( 0125264) I Certified General Appraiser, State of Florida, License RZ0000112 QUINLIVAN APPRAISAL 34 Institutions and Corporations: AT &T Archdiocese of Miami Atlantic Security Bank The Bank of America Bank United Barry University Bessemer Trust Company California Bank and Trust Chevron Oil Company Chase Manhattan Bank Chemical Bank Citibank Citrus Bank City National Bank of Miami Coamerica Bank Coconut Grove Bank Commerce Bank Commercial Bank of Florida Consolidated Bank Colonial Bank County National Bank Eagle National Bank Eastern National Bank Equitable Bank Espirito Santo Bank Farm Credit of South Florida Fidelity Bank First International Bank First National Bank of South Miami Florida International University First Nationwide Bank Florida Memorial College Florida Power and Light Company Florida Rock Industries Great Eastern Bank of Florida Greyhound Lines. HSBC. Hemisphere National Bank Intercontinental Bank International Bank of Miami, N.A. Jefferson Bank LaSalle National Bank Marine Midland Bank McDonalds Corp. Mellon United National Bank QUIjVLI VAN APPRAISAL 36 Metro Bank Miami -Dade County Community College Miami -Dade Water and Sewer Authority Northern Trust Bank of Florida Ocean Bank Pacific National Bank Pan American Bank Pointe Bank Shell Oil Company South Trust Bank SunTrust Bank TotalBank Trade National Bank Trust for Public Lands UniBank Union Planters National Bank University of Miami Wachovia Wal -Mart YMCA Governmental Agencies: City of Aventura City of Coral Gables City of Hialeah City of Miami City of Miami Parking Authority City of Miami Beach City of Miramar City of North Bay Village City of North Miami Beach City of South Miami City of Sunny Isles Beach Miami -Dade County Aviation Department Miami -Dade County Department of Development & Facilities Management Miami -Dade County HUD Miami -Dade County Property Appraisal Adjustment Board Miami -Dade County Public Schools Miami -Dade County Public Works Department Miami -Dade County Transportation Administration Miami -Dade Water & Sewer Department South Florida Water Management District State of Florida, Attorney General s Office State of Florida, Department of Community Affairs State of Florida, Department of Corrections State of Florida, Department of Environmental Protection, Q UINLIVAN APPRAISAL 37 State of Florida, Department of Insurance State of Florida, Department of Rehabilitation and Liquidation State of Florida, Department of Transportation Town of Golden Beach United States Army Corps of Engineers United States Department of Justice United States Department of Commerce United States Department of the Interior United States General Services Administration Village of Islamorada Village of Key Biscayne Village of Pinecrest Law Firms: Akerman Senterfitt Greenberg, Traurig Daniels, Kashton, Downs and Robertson Holland and Knight, LLP Shutts & Bowen Ruden McClosky, LLP Steel, Hector & Davis, LLP Weiss, Serota, Helfman, Pastoriza, Guedes, Cole and Boniske, P.A. Tunes of Properties Appraised: Single Family Residences Apartment Buildings Office Buildings Retail Stores Shopping Centers Condominium Apartment Buildings Golf Courses Residential Subdivisions Automobile Dealerships QUINLIVAN APPRAISAL Vacant Land Hotel/Motels Warehouses Nursing Homes Mobile Home Parks Schools Service Stations Marinas Wetlands 39 Vacant lot containing 2,750 square feet LOCATED AT: 6415 SW 59TH PLACE SOUTH MIAMI, FLORIDA PREPARED FOR: CITY OF SOUTH MIAMI 6130 SUNSET DRIVE SOUTH MIAMI, FLORIDA 33143 AS OF: DECEMBER 15, 2004 PREPARED BY: QUINLIVAN APPRAISAL, P.A. 5730 S.W. 74TH STREET - SUITE 300 SOUTH MIAMI, FLORIDA 33143 J. MARX QUINLIVAN, MAI STATE- CERTIrIRD GENERAL APPRAISER5 RZ 0000112 December 17, 2004 QuiNT- vAN APPRAISAL A PROFESSIONAL ASSOCIATION REAL ESTATE APPRAISERS SC CONSULTANTS 5730 S.W. 74TII STREET, SUITE 300 SOUTH MIAMI, FLORIDA 33143 TELErnoNE (305) 003 -0011 FAX (305) 005 -4921 TnoxAs F. MAGERZIE m P, MAI STATE- CBRTn,MD GENaRAL APPRAISERS RZ 0000553 Mr. Michael Sprovero, Executive Director of Community Development City of South Miami 6130 Sunset Drive South Miami, Florida 33143 Dear Mr. Sprovero: In accordance with your request and authorization, I have prepared this Appraisal Report covering the following described property: Vacant lot located at 6415 SW 59`h Place, South Miami, Florida. The purpose of this Appraisal is to estimate the Market Value of the described property as of December 15, 2004, being one of the dates of personal inspection. The narrative Appraisal Report that follows sets forth the identification ofthe property, the assumptions and limiting conditions, pertinent facts about the area and the subject property, comparable data, the results of the investigations and analyses, and the reasoning leading to the conclusions set forth. Mr. Michael Sprovero, Executive Director of Community Development December 17, 2004 Page 2 Based on the inspection of the property and the investigation and analyses undertaken, I have formed the opinion that, as of December 15, 2004, the subject property has a Market Value of TWENTY THOUSAND SIX HUNDRED TWENTY FIVE DOLLARS ($20,625) submitted, �. Mark Quinlivan, MM State Certified General Appraiser Certification Number: RZ0000112 JMQ /jb (04 -167A) CERTIFICATION OF VALUE .,. n The undersigned hereby certifies that, to the best of my knowledge and belief. (A) The statements. of fact contained in the report are true and correct. (B) The reported analyses, opinions and conclusions are limited only by the assumptions and limiting conditions set forth, and are my personal, unbiased professional analyses, opinions and conclusions. (C) I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest or bias with respect to the parties involved. (D) I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. (E) My engagement in this assignment was not contingent upon developing or reporting predetermined results. (F) The appraiser's compensation for completing this assignment is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. Furthermore, the appraisal assignment was not based on a requested minimum valuation, a specific valuation or the approval of a loan. (G) The appraiser's analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice, and the requirements of the State of Florida for state - certified appraisers. (x) Use of this report is subject to the requirements of the State of Florida relating to review by the Real Estate Appraisal Subcommittee of the Florida Real Estate Commission. (I) J. Mark Quinlivan has made a personal inspection of the property that is the subject of this report. (1) Patrick Quinlivan provided professional assistance to the person signing this report. QUINLIVAN APPRAISAL 1 (K) The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. (L) The use of this report is subj ect to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. As of the date of this report, J. Mark Quinlivan has completed the requirements under the continuipg education program for The Appraisal Institute. Based on the inspection of the property and the investigation and analyses undertaken, subject to the assumptions and limiting conditions set forth in the Addendum of this report, I have formed the opinion, as of December 15, 2004, the subject property had a Market Value of: TWENTY THOUSAND SIX HUNDRED TWENTY FIVE DOLLARS ($20,625) ARK QUI=VAN, MAI ATE CERTIFIED GENERAL APPRAISER NUMBER: RZ0000112 QUINLIVAN APPRAISAL 2 SUMMARY OF SALIENT FACTS AND CONCLUSIONS Type Appraisal Complete Type Report Self- contained Purpose of Appraisal Market Value Property Rights Appraised Fee Simple Location 6415 SW 59`h Place South Miami, Florida Legal Description S%z of Lot 28, Block 5, FRANKLIN SUBDIVISION, according to the plat thereof, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County Land Size 2,750 Square Feet 0.06 Acres Zoning NR, Neighborhood Retail by the City of South Miami. Highest and Best Use Development in conjunction with neighboring parcels Estimated Land Value $20,625 Final Estimate of Value $20,625 Dates of Inspection December 15, 2004 Date of Value Estimate I December 15, 2004 Date of Report December 17, 2004 Remarks The zoning of the subject property requires a minimum lot size of 7,500 square feet for building while the subject property only contains 2,750 square feet. QUINLIVAN APPRAISAL 3 QUINLIVANAPPRAISAL LooEaNG SOUTH ALONG SW 59TH PLACE, SUBJECT TO LEFT QUIAEIVANAPPRUSAL 12UINLIVAN APPRAISAL INTRODUCTION IDENTIFICATION OF THE PROPERTY Vacant lot containing 2,750 square feet. LOCATION 6415 SW 59`h Place South Miami, Florida PURPOSE AND DATE OF APPRAISAL The purpose of this Appraisal is to estimate the Market Value of the property as of December 15, 2004, being one of the dates of personal inspection. INTENDED USE AND USER OF APPRAISAL The intended use of this appraisal is to assist the client in determining a acquisition price. The intended user is the City of South Miami. LEGAL DESCRIPTION South ' /z of Lot 28, Block 5, FRANKLIN SUBDIVISION, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County, Florida. PROPERTY RIGHTS APPRAISED The property is appraised in fee simple: a fee without limitations to any particular class of heirs or restrictions, but subject to the limitations of eminent domain, escheat, police power and taxation, as well as utility easements of record. QUINLIVAN APPRAISAL 4 DEFINITION OF MARKET VALUE Market Value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised and acting in what they consider their own best interest; (3) a reasonable time is allowed for exposure to the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents a normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. QUINLIVAN APPRAISAL 5 ASSESSMENT AND TAXES - 2004 The subject property is assessed under the jurisdiction of the City of South Miami. The assessment for the property is established each year as of January 1st by the Miami -Dade County Property Appraiser's Office at 100% of "Just Value." Just Value has been equated to Market Value less closing costs. While the State of Florida requires real estate to be assessed at 100% of Just Value, in reality the ratio of the assessed value to sales price is generally below 100 %. Folio Number: 09- 4025- 010 -0300 Assessed Value: Land $ 4,125 Improvements Total $ 4,125 Millage Rate: $26.4467 per $1,000 Tax Amount: $105.80 OWNER OF RECORD AND ADDRESS Marion Taylor 31 NW 14 Court Dania, FL 33004 FIVE -YEAR HISTORY OF TITLE The subject property is currently listed at $150,000 or $54.55 per square foot. The seller would be Marion Taylor. The listing agency is Cantey Realty and Investment. The subject property was transferred by Quit Claim Deed in February of 2004. The seller was Leroy Taylor and the buyer was Marion Taylor. This transaction is recorded in Official Records Book . 22182, Page 3459 of the Public Records of Miami -Dade County, Florida. This is not considered an arm's- length transaction. Investigation of the Public Records of Miami -Dade County, Florida indicates no other sale transfer of title to the subject property during the past five years. QUINLIVAN APPRAISAL 6 ESTIMATED EXPOSURE TIME Exposure time is defined as the estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective estimate based upon an analysis of past events assuming a competitive and open market. The overall concept of reasonable exposure encompasses not only adequate, sufficient and reasonable time but also adequate, sufficient and reasonable effort. In estimating a reasonable exposure time for the subject property, the appraiser has taken the following steps: Discussion with buyers, sellers, brokers and /or a review of multiple listings of properties in the area related to historic marketing periods. Based on the above sources, exposure time is estimated to have been twelve months for the subject property. ESTIMATED MARKETING PERIOD The estimated value of the subject is predicated upon a normal marketing period. A normal marketing period is generally defined as the most probable amount of time necessary to expose and actively market a property on the open market to achieve a sale. Implicit in this definition are the following assumptions: (A) The property will be actively exposed and aggressively marketed to potential purchasers through marketing channels commonly used by sellers and buyers of similar type properties. (B) The property will be offered at a price reflecting the most probable markup over market value used by sellers of similar type properties. (C) A sale will be consummated under the terms and conditions of the definition of Market Value required by the regulation. In order to estimate the marketability of this property, the sales activity in this market area was reviewed over the past three years, multiple listings were reviewed and real estate brokers who operate in this area were interviewed. Based on the above sources, the subject property could be sold within a twelve month time period. QUINLIVAN APPRAISAL 7 QUINLIVAN APPRAISAL 0 way Moro tronorda LakeA IF RID, GreenCoveA JOHNS FRANKLIN Butler A Spit. College Pk. Cwr16.9+ LAFAYETTE Niels s Starke t Spr StAu�uslii I- qt CAIM111 a m ItCHRIST oAachu+ PUTNAM °"111:+91 .� Shamr0 rr•nron Gainesviiie� Hn+ oom PalatkaA °f FLAGLER aA G N•xb« Cross City LEVY ALACHUA A DIXIE Creuhnto .. �� Iw•(lo,x1 o eronllnA WiRistal Cad- A.. ' NASSAU • A Mt. Dor A ••r c,w., ttehaochee Harm+ ` G A. ✓ ; Fernand 0 LEON Quincy A JEFFERSON A HAMILTON GADSDEN ticrl Madison ® Taiitdlassee Greenville q Jasper • TS DUVAL BAKER ( @0 * pDin r HERNANDO eoMS.ary Brooksville A, GrovelVA0 0 00 ca c,' ,rOe�ant�o ` - �@ Ilmtic Berth H•ptuna Beech �PASCO Oy A MADISON Uwe Oak A COLUMBIA MscclennyA o Baldwin lacksonvills WAKULLA \t�• `�osro °o�eM•Ire City Het P1»' l`I+ 11((�DuM m Winstonoo 1-1.1m ju.Ni Tomp city a w•iinor�'�A aoeolake Maude Melbourne P�[aeNareoea OSCEOLA BREYARD 71+7(0 n0 ks Ne Trrga µdberry PmHI � Beach A SI.M rk, Cr— f.d,ill• ° TAYLOR NuyA f. Petersburg Fat SUWANNEE AoWatertowa Lake City a r ge Pk CLAY UNION ST. � MANATEE ew�.1.M� 0 way Moro tronorda LakeA IF RID, GreenCoveA JOHNS FRANKLIN Butler A Spit. College Pk. Cwr16.9+ LAFAYETTE Niels s Starke t Spr StAu�uslii I- qt CAIM111 ._LEGEND_ ® Slate Capitol A County Seafs FRANKLIN.County Nomet POPULATION KEY Over 100,000 i > 50,000 to 100,000 ® 25,000 to 50,000 O 20,000 to 25,000 • 10,000 to 20,000 • 5,00010 10,000 0 1,00010 5,000 a Under 1,000 BROWAR S%1 0!.1. 1.0 ?I" N. Pk °Oani +� W.Hailywoodo OHollywood Halhndalep I� // DADE Oir1p N. Miami Beach Opa- lockam N.Womi 1111 Biscayne Pkp rSu. Kids Hialeah p isms Shores Miami B Portal 11111 flt iorni Beall W.Mi 11 p 1.0101 _ 1�) S.Mami J`JJh��B() `_i lsrilo Hill land Beath Dunnellon a m ItCHRIST oAachu+ PUTNAM °"111:+91 CITRUS Shamr0 rr•nron Gainesviiie� Hn+ oom PalatkaA °f FLAGLER aA G N•xb« Cross City LEVY ALACHUA A DIXIE Creuhnto •• •a Iw•(lo,x1 o eronllnA WiRistal Cad- A.. Bunnell MARION OrmaN W End VOLUSIA o•�•Ocala Pal Or ._LEGEND_ ® Slate Capitol A County Seafs FRANKLIN.County Nomet POPULATION KEY Over 100,000 i > 50,000 to 100,000 ® 25,000 to 50,000 O 20,000 to 25,000 • 10,000 to 20,000 • 5,00010 10,000 0 1,00010 5,000 a Under 1,000 BROWAR S%1 0!.1. 1.0 ?I" N. Pk °Oani +� W.Hailywoodo OHollywood Halhndalep I� // DADE Oir1p N. Miami Beach Opa- lockam N.Womi 1111 Biscayne Pkp rSu. Kids Hialeah p isms Shores Miami B Portal 11111 flt iorni Beall W.Mi 11 p 1.0101 _ 1�) S.Mami J`JJh��B() `_i lsrilo Hill land Beath Dunnellon LAKE De A. land New CITRUS pUmatilla Smyr Be oCrystal Rim SUMTER Let it Eustis Sanford o A W ldwoo • A Mt. Dor A ••r c,w., Inverness Tavares ev.hn•0 Apopka SEMINOLE Titus ale 0 a0vied HERNANDO Claimant Ocoee a fZ Winter Park Brooksville A, GrovelVA0 0 00 ca c,' ,rOe�ant�o Lnootbe WinterGs`'c+'S�� Coc �PASCO Oy A Ialt+ ORANGE POLK Agssimmee Roe 1*0 Zrphyrhills Ikw Port Richey �11tr``d OSt.Gkud Eau Galll Eau Trpon'Spi10 HILLSBOROUGH \t�• `�osro °o�eM•Ire City Het P1»' l`I+ 11((�DuM m Winstonoo 1-1.1m ju.Ni Tomp city a w•iinor�'�A aoeolake Maude Melbourne P�[aeNareoea OSCEOLA BREYARD 71+7(0 n0 ks Ne Trrga µdberry PmHI � Bartow alaj Lake Wales a INDIAN RIVER N .., f. Petersburg Fat Mile 0Frostproof GlHord PanAGriffe Be Yelp Binh � MANATEE ew�.1.M� A oAvon Pk. 8r; �_ti; Palmetto WauthuA OKEECHOBEE ST. LUCIE '� Sebring 'r Cedar HarmiwcY o$amoseT FLPiar HARDEE Saras I - 0ESansoa DESOTO . awechobee `I HIGHLANDS A SARASOTA AArtadis °VMKe \ \\ CHARLOTTE '6Punta GLADES �COL[![NOar! Gorda Moa• Ho.•n [o[� 4 Vba /� LEE Tice Clewiston 116.1!• Na•s.N n• Nuke $.Bay ID, ALA. ` FI.Myrrs HENDRY SANTA ROSH OKALOOSA WA ON HOLMES ° JACKSON e Cra['arlfle.: S A A.Mirimma ; Hilton Crestview a Funiek A6 Spars. Cie Sneadsa A&$ ° Y «non to9dod NiceritN _ .... _.....___.. /. /�� Yalpararso t!! CALHOUN BAY CLEARTYPE sx otM•ax cau.s.•,r.orr, COUNTY -TOWN FLORIDA Seale of Miles 0 20 M 60 MAP NO. 6506 c1..ereN. AMERICAN OMPANYI INC . onarNeraea allanrwrwtn CLTARTYPE MAP LBLBRPRIBT MAPS NC YORK _ Haven '1 PALM BEACH Canal PL Riviera Be Pahokee W106 razed ,) Beech Belie Glade 80 1 awestRete Iglade Came g��Worth Boynton Beech Delray Beach —L BROWARD ueerrNro eaac COLLIER Oak end Pk 'maples FlAauderdaie Hollywood en.« Coy Er «glades DADE Hialeah m MONROE Coral Gables r ° A ° °- ° / Pertinep LIBERTY Aws1•ea 'G-' d GULF 1 Homestead0 Pr+1 tPPr, 1 Florida City l 1 a L I 1 I a Mahon i� \`` \:�_ ✓sue 41 West _ Beach Beach i Beah �•• • t NASS U ChaitaAoorMs Narana �.. GA, r OuincyA o LEON JEFFERSON +�. sIO Fernand'ma, GADSDEN .7EFlirti o arson HAMILTON CTdO DUVAL ® IG��OhpfSee Greenville BAKER - ,r oDin bM•S.Gry MADISON Live Oak �@ Illlititu a Bsxb WAKULLA A OLUMBIA MxclennyA o P. Baldwin locksonvills A Sr.m is TAYLOR Watertown ach CrorlwdrJA ° PerryA SUWANNEE Lsis CLAY o r I#? o a Gq UNION ST. FRANKLIN Foley Moto err° wdo Blotklerq .ono Green Cove q JOHNS Carob•k• A SPrs• Collett Pk. LAFAYETTE High Sprs. Shrka St. u tin. SMmrxk ILCHRIST °Altchus' PUTNAM °How:npr . oA Fr eon jAjflpiyjnp� K.wtkoro P.IalkaA °E yoraio lx Es city N•wb LEVY' A o FLAGLER ' Y ALCHUA Cf•ond° awmona ° t�M W,° MARION Ormad� LWIFsten !lWly Ik0 ••; Cedar s NL End oa VOLUSIA ORO Beodl 00010 Port Orange Ounneilos LAKE •10 Lard Mew CITRUS oumatt0a Smyth M oCrystel Rim SUMT0R ttesburt Eustis Sanford Inverness • Ao Mt.Dor ,y,a ■ ■'C..uN Tavares s A n AP°P0 SEMIN(a) Tlti svRp HERNANDO Clermont Ocoee ° 00 0 9"'YNhter Pak Orpoksvilpa Grove Wo r et, day tK' wintae•:e„5'P "Orlando LEGEND PASCO GryA Fa�ss ORANGE IsPhythRig POLK AKissimanet RaUedts ® Slone Colow New Port Rk My ° \pt� °gyp` "tail °54 Eau Gun' d County Seats Tairpon l� a° HILLSBOROUGH ` ! aJ�•Ne�■ cl aoio Dr■se Winstos°0 o0 @oLaka Maude POD+ Melbespns r p t II ry�ts��° FRANKUN.Counfy Noma a� bW■1� a w lotsrM �je�'N0Lru ar kan a OSCEOLA BREVARD POPULATION KEY °N s T MuMo eWUet nas etersbur ° INDIAN RIVER 0 Ova 100,000 Pas> k Bev 9 Fed Ms%e a Frostproof GNard j 50,000 to 100,000 ' } MANATEE W::e oAvon Pk. Yero Ranch ® 25,00010 50,000 Sr ` ; 1 oo PdmettO Wwckup A.� OKEECHOBEE ST. LUC1E t O 20,000 to 25,000 CedMNoenack Sameset HARDEE FLPiorce • 10,0001020,000 SOtis °LSuawta DE SOTO . Okeechobee HIGHLANDS q • 5,000I0 10,000 SARASOTA AArcadu MARTIN Slue.{ ° 1,000 to 5,000 °V.n <• is Under 1,000 CHARLOTTE GLADES iUs Punta fiord. { COa11CMOa11 \ AA— Noven \!� PALM BEACH o., Gnu PL Riviera B•aC h4 Palickoe W. Palm' LEE Gkwiston sa CAosea 6Tice tOtell. RNN,nK• @ Be0Lt1 O i n.rMw &Bay Boo Gap r FL Myers HENDRY w0de CA" °^r SANTA ROSH OKALOOSA WALTON HOLMES Pr JACKSON • ESCaM@IA limiter kavkla,.: �.� A A q AMarianna Crestview A Chilile o Millmq Be Funisk SPrt. Snsads • o/ "Ppdod Nkevilp OV «non Wlpttwsop _ CALHOUN 00'�wilt� BAY \\ l Haven �• pr•It Pan .�. Shald- NatI wtwl A CLEARTYPE to"[ "AR Na,a. u.s. rat.Orr. GULF COUNTY • TOWN Port 31 FLORIDA Seale of Nile! 0 20 M 60 MAP NO. ISM coo aHr AMERICAN OMPANY, INC. e.runaro■s soaruo"K" :ILAAT�P[ YAK OLORPRINT NAPS N! YORK Befth Royston Beach ° Delray Oead. "' Imm•ielN COLLIER BROWARD Deerfield Basch • Pompano Beach 'Naples FLlxlderdak 1 f � Nollywa00dsp ��1 1 rG•r City OADE °N io B ch r « Epbd•s Hiapahm i B �coli / MONROE Coral Goble. t/ . / PerriMo F a,.dland° o G-id —� Nomesttwoo hinarl i t Florida, pity t l 1 1 I 1 1 F / io• «ni« / .�� Key West COUNTY DATA Miami -Dade County - Location and Size Miami -Dade County, which comprises the metropolitan area of Miami, is situated on the southeast tip of the state of Florida. It is bordered on the east by the Atlantic Ocean, on the west by Monroe and Collier Counties, on the north by Broward County, and on the south by Monroe County (the Florida Keys). Miami -Dade County, the largest county in area and population in the state of Florida, covers an area of 2,054 square miles with an altitude ranging from sea level to 25 feet. Water covers 354 square miles of the County. Although the County is relatively large, approximately half of the total area is comprised of the Everglades, which is a natural area that will not be developed. Therefore, only the eastern section of Miami -Dade County encompasses the area which is currently developed or available for future development. Miami -Dade County's location, its southern latitude and proximity to the Gulf Stream provide for mild winters and pleasant summers. Population The state of Florida has increased rapidly in population from 9,740,000 in 1980 to 12,937,926 in 1990 and 15,982,378 in 2000. The July 1, 2002 population of Florida was estimated at 16,713,149. The population of Florida is expected to grow to 17,577,100 by 2005, a 1.8% average annual increase. Miami -Dade County's population increased from 1,626,000 in 1980 to 1,937,094 in 1990, reflecting an average annual compounded growth rate of 1.77 %, compared with 2.88% for the state of Florida. By 2000, Miami -Dade County's population increased to approximately 2,253,362 and in 2003 it is estimated at 2,342,739. The population is estimated to grow to 2,430,000 by the Year 2005. Miami -Dade County's population growth during the last four decades has been dramatic especially in relation to national trends. From 1950 to 1990 the United States population increased by 60% while the population of Miami -Dade County has almost quadrupled from 495,084 to 1,937,000. During this period, the state of Florida was elevated from the 20th most populous state to the 4th in 1990 and continues to be the fourth most populous state. The population growth rate in Miami -Dade County has shown greater fluctuations than the national rates. The Miami -Dade County rate of population change was 84.9% during the period 1940 to 1950; 88.9% from 1950 to 1960; 35.6% from 1960 to 1970 and 28.2% from 1970 to 1980. In the period from 1980 to 1990, the rate of population change was 16 %. The average annual change from 1990 to 2000 was approximately 1.6 %. QUINLIVAN APPRAISAL LOCATION MAP IIROWARO COUNTY _ ) 3 OAD COUNTY _ • X E+ NW tM ST m TAYIAYI \ AIRSOIIT A[F OH2 fn TfS fT �f~ AUAp1R CrWT 2 O C �.rIfII. Biscayne C.0 L VP� x r Bay Fn- i X.,. STLAO A A fORC. SASE s owart$" ..W-MIT A LINE AD mellow HILL 04 DAA I I � K" Whoop— r General Highway Map of DADE COUNTY FLORIDA c 019" Dou" NUt CO.. INc. J- _/ �' .11 rr � Eli, v • 1 ppD.IT Y..FR .I r` "- II K" Whoop— r General Highway Map of DADE COUNTY FLORIDA c 019" Dou" NUt CO.. INc. ISO M PI e ppD.IT Y..FR ISO M 41 TAMIANI \ AIRPORT LOCATION MAP Wool Owrh NOMCSTLAD 7 AIR roRC.ttSC 0 CQUN LINE AD 1 i � IIrAw/ In ST � NONE MILL DA Crd > i C11S.^, n i lu '' WIAMI DARDI as I' e O = MAApfT Biscayne Bay T General Highway Map of DADE COUNTY FLORIDA c o vso OOL1M RtAr co., u+c. rd P` ✓ �i sown y:r r 13J r T General Highway Map of DADE COUNTY FLORIDA c o vso OOL1M RtAr co., u+c. rd P` ✓ �i sown C I � � rwrnrr f ty rc.nn ro.. 7t 1T o.. 1 y rminrr c �y rrMMrfA l.vb:1? During the 1960s, the major increase, in Miami -Dade County's population was due to the Iarge immigration of Cubans. Today, Cuban and other Spanish speaking people comprise approximately 57% of Miami -Dade County's population. The increase in Hispanic population has had favorable effects on the local economy and has helped to create a multi - national cultural environment in the area. The recent influx of political and economic refugees from Cuba, Haiti and Nicaragua has put an abnormal strain on public services and has affected the population data in a dramatic manner. However, a recent increase in population growth of people from Latin American, as well as from Europe and Canada, coupled with the increases in population from those people leaving the northern sections of the United States, indicate a positive prospect for the Miami -Dade County area in the future. The overall population of Miami -Dade County is well dispersed throughout the entire area, yet has several key areas of concentration. During the 1960s, several sub -areas accounted for approximately 70% of the growth. These areas include Hialeah, northern Miami -Dade County, the Beach area, the Miami River area, the area southwest of Miami International Airport, as well as the Kendall and Cutler Ridge areas. In the first half of the 1970s, population growth continued in an uneven fashion especially in the urban fringes. Since 1970, approximately three - fourths of the total population growth for the County has occurred in the unincorporated areas. The older centrally located cities such as Miami, Miami Beach and Coral Gables have grown at modest rates from 1970 to 1990. Unincorporated Miami -Dade County has evidenced the most rapid growth which continues to occur in areas in northeast Miami -Dade County (Aventura), as well as the currently expanding southwest area, especially in sections of Flagler Street, S.W. 8th Street and North Kendall Drive. Population trends indicate that most of the population growth in Miami -Dade County during the first half of the 2000s will occur in outlying areas such as North Miami Beach, the Golden Glades area, the Kendall area west of the Florida Turnpike, the S.W. 8th Street and Palmetto Expressway areas, the Hialeah -Miami Lakes area, as well as those areas both east and west of U.S. Highway 1 between Sunset and Coral Reef Drives, and Cutler Ridge and the Goulds area. Employment Trends The dominant characteristic of Miami -Dade County is that it is primarily trade and service based. Personal, business and repair services have had a substantial increase in importance in the economic base over the last decade. The major sectors of the economy include services, wholesale and retail trade, transportation, communications, public utilities, government and manufacturing. The most dominant industries which form the County's economic base are construction and tourism. QUINLIVAN APPRAISAL 9 Tourism is Miami -Dade County's biggest industry with an estimated 10.23 million visitors in 2002 contributing to more than 50 percent of the area's economy. Aviation and related industries are responsible for another large segment of the economy. The garment industry ranks third in the nation after New York and Los Angeles. Table 1 shows the distribution of the non - agricultural work force in Miami -Dade County. TABLE 1 ANNUAL AVERAGE NON - AGRICULTURAL EMPLOYMENT 199&- 2002 INDUSTRY '1998 ' 1999 ` 2000 2001 , .. 2002 TOTAL NONAGRICULTURAL EMPLOYMENT 975,900 987,000 1,016,100 1,033,100 1,017,800 CONSTRUCTION 33,700 34,800 37,500 36,600 40,300 MANUFACTURING 72,900 70,300 68,800 64,000 57,100 TRANSPORTATION AND PUBLIC UTILITIES 86,200 89,400 92,400 95,600 99,000 TRADE 256,200 258,800 261,000 265,800 191,100 FINANCE, INSURANCE AND REAL ESTATE 66,900 66,400 66,600 67,300 66,200 SERVICE AND MINING 322,500 329,300 346,800 354,600 414,300 GOVERNMENT 137,500 138,000 143,000 149,200 149,800 CIVILIAN LABOR FORCE 1,042,647 1,044,261 1,053,924 1,080,432 1,120,950 UNEMPLOYMENT 66,980 60,583 55,615 74,622 869527 UNEMPLOYMENT RATE 6.4% 5.8% 5.3% 6.9% 7.7% Source: Florida Department of Labor & Employment Security, Bureau of Labor Market Information QUINLIVAN APPRAISAL 10 The largest employer in Miami -Dade County is the Miami -Dade County School Board, followed by Metro -Dade County, Federal Government, State of Florida, American Airlines, University of Miami, Jackson Memorial Hospital, Baptist Health Systems of South Florida, Bell South, and Florida Power and Light. Assuming additional importance is the growing prominence of Miami - Dade County as a center for international trade, finance and tourism. The establishment of Miami as the "Gateway of the Americas" should provide the area with a much needed degree of economic diversification. This should enable Miami -Dade County to weather slowdowns in the national economy by an increase of trade through the Port of Miami, growth of international arrivals at the airport, the Free Trade Zone, and the substantial foreign investment in the local economy, particularly in real estate. Prior to September 11, 2001, Florida's unemployment rate was 4.3 percent, up from 3.6 percent of the previous year, but still below the national average of 4.9 percent. In August of 2001, the unemployment rate for Miami -Dade County was 6.0 percent. Miami - Dade's jobless rate for November 2001 rose to 7.8 percent while Florida's unemployment rate rose to 5.0 percent. The September 11, 2001 event had a greater impact on tourism in Miami than the rest of the state. Miami -Dade County's jobless rate fell slightly to 7.6 percent in December of 2001 but as of December 2003 was 7.7 %. The tourism season, now in full swing, could provide a welcome respite. Income Over the past few years, the average per capita personal income in Miami -Dade County has been slightly lower than the per capita income for Florida, as well as the nation. TABLE 2 PER CAPITA PERSONAL INCOME SELECTED YEARS (CURRENT $) Source: U.S. Dept. of Commerce, Bureau of Economic Analysis and Miami -Dade County Planning Department Tourism Table 3 reveals a steady increase in the number of tourists visiting Miami -Dade County since 1990. The number of international visitors increased approximately 100% from 1985 to 1995. Due to the soft domestic economy, the number of domestic visitors had declined from 1989 to 1993; however, from 1995 to 2000 there has been a 1.5% average annual increase. QUINLIVAN APPRAISAL 11 TABLE 3 ESTIMATES OF MIAMI -DADE COUNTY TOURIST TRENDS Source: Greater Miami Convention and Visitors Bureau, Tourism Facts and Figures Figures for 2002 indicate 10,231,400 overnight visitors came to Miami -Dade County, a 2.6% decrease from 2001. The events of September 11, 2001 have had a negative effect on tourism which is expected to continue through 2003. Table 4 shows that the bulk of international visitors to Miami -Dade County originate from Central and South American Countries (50.1 %), followed by European Countries (23.04 %) and Caribbean Countries (13.2 %). England and Germany accounted for the largest proportion of European visitors. In 2002 there were a total of 3,642,990 passengers passing through the Port of Miami and approximately 30,060,241 through Miami International Airport. During 2002, the number of Port of Miami passengers increased 7.4% from 2001, and Miami International Airport decreased 5.1% from 2001. QUINLIVAN APPRAISAL 12 INTERNATIONAL ` DOMESTIC TOTAL 1996 5,113,200 4,462,000 9,575,200 1997 5,278,700 4,564,600 9,843,300 1998 5,268,100 4,468,700 9,736,900 1999 5,399,800 4,385,800- 9,785,600 2000 5,639,400 4,461,600 10,101,000 2001 5,245,700 5,263,600 10,509,300 2002 4,915,200 5,316,200 10,231,400 Source: Greater Miami Convention and Visitors Bureau, Tourism Facts and Figures Figures for 2002 indicate 10,231,400 overnight visitors came to Miami -Dade County, a 2.6% decrease from 2001. The events of September 11, 2001 have had a negative effect on tourism which is expected to continue through 2003. Table 4 shows that the bulk of international visitors to Miami -Dade County originate from Central and South American Countries (50.1 %), followed by European Countries (23.04 %) and Caribbean Countries (13.2 %). England and Germany accounted for the largest proportion of European visitors. In 2002 there were a total of 3,642,990 passengers passing through the Port of Miami and approximately 30,060,241 through Miami International Airport. During 2002, the number of Port of Miami passengers increased 7.4% from 2001, and Miami International Airport decreased 5.1% from 2001. QUINLIVAN APPRAISAL 12 TABLE 4 ESTIMATES OF INTERNATIONAL VISITORS BY REGION REGION 1998 1999 2000 2002: EUROPEAN COUNTRIES 25.8% 25.6% 25.17o 23.0% CARIBBEAN COUNTRIES 13.9% 13.6% 12.9% 13.2% CENTRAL AMERICAN COUNTRIES 7.5% 7.4% 7.4% 8.0% SOUTH AMERICAN COUNTRIES 38.7% 39.4% 40.5% 42.1% CANADA. 11.0% 11.1% 11.2% 10.9% OTHER COUNTRIES 3.1% 2.9% 2.9% 2.8% TOTAL 100% 100% 100% 100% Source; Greater Miami Convention and Visitors Bureau, Tourism Facts and Figures There are approximately 60,000 motel and hotel rooms in Greater Miami and the Beaches. The hotel -motel occupancy rate for 2002 of 62.2% was below the rate for 2001 of 64.4% and significantly below the 1998 to 2000 rates of 70 to 71 %. The occupancy rate for the first three quarters of 2003 was up 5.3% over the previous period in 2002. The average room rate in 2002 was $122.00. The first in a series of new luxury properties opened in September 2000 when the 21- story, 300 - room J.W. Marriott debuted on Brickell Avenue. In November of 2000, a 330 -room Mandarin Oriental opened on Brickell Key. A Four Seasons hotel and tower opened in November of 2003 on Brickell Avenue at South 14`h Terrace. The 66 -story tower features 220 guest rooms plus 56 extended -stay units. The property also includes 200,000 square feet of office space. In addition to the new properties mentioned above, a 350 -room Ritz Carlton beachfront hotel opened in Key Biscayne during 2001 and a 150 -room Ritz Carlton opened in September of 2002 in Coconut Grove. Miami -Dade Financial Resources Over the course of the last decade, Greater Miami has evolved into a major international financial center. Domestic and international businesses find convenient access to a full array of services provided by locally -based state and national commercial banks, savings and loan associations, foreign banks, non - depository credit institutions, securities and commodities brokers and insurance companies. QUINLIVAN APPRAISAL 13 Greater Miami has the largest concentration of domestic and international banks south of New York City. With more than 90 percent of the state's foreign banks operating offices in Miami, this market dominates international banking in Florida. There are 43 international banking agencies, 13 Edge Act corporations and 4 Edge Act corporation branches operating in Greater Miami. Many of their banking customers are located in Latin America. Overall, about 150 domestic banks, savings and loans, foreign banks and Edge Act banks operate in Greater Miami. The greatest concentration is located along Brickell Avenue in downtown Miami. Transportation Miami -Dade County has an extensive expressway system with access to all points in the County. However, due to the rapidly increasing population, some of the expressways, especially I -95, are i becoming overburdened. In 1984 Miami -Dade County completed a 20.5 mile elevated rapid transit system. This system extends southward from downtown Miami to Dadeland, paralleling U.S. Highway 1 and northwesterly from downtown Miami to Hialeah. In conjunction with this system, there is a downtown people mover system which encircles the central business district of Miami and extends south to the Brickell area and north to the Omni area. Miami -Dade County is served by the CSX and Florida East Coast Railroads for freight and Amtrak Rail, Greyhound and Trailways Interstate bus lines for passenger service. Miami International Airport, one of the nation's largest and busiest, had approximately 32.5 million arrivals and departures in 2002. Moody's Investor Service, a major bond - rating company, recently ranked the airport Aa (the second highest rating an airport can enjoy). Only Los Angeles International Airport shares this ranking; no U.S. airport has ever attained the highest ranking of Aal.. According to Moody's, a key factor in the ranking is the airport's "market value as an international gateway with its own strong organization- and - destination base ". The airport is currently undergoing a $5.4 billion expansion. New South and North terminals and a fourth runway are planned. Miami has become a port of embarkation for airlines and ships bound for Central and South American Countries. The Port of Miami, besides being the largest passenger port in the nation, is also important as a cargo center with a 2002 annual tonnage of approximately 9.0 million up from 8.8 million in 2001 and 7,800,000 in 2000. The port's traditional customer base has been Latin America and the Caribbean, accounting for 64% of the port's total volume. Miami's comprehensive transportation system and its strategic location have enabled it to become an important international transportation center, providing commercial access to Latin America and the Caribbean. Q UINLIVAN APPRAISAL 14 Government Miami -Dade County is comprised of unincorporated areas, as well as thirty -one municipalities, the largest of which is the city of Miami. Miami -Dade County is governed under a modified two -tier metropolitan government. The purpose of this type government was to establish one governing body for the county, and to establish one supply of services such as fire, police, etc. for the county. The upper tier is the County, which provides broad "regional" or county functions, such as metropolitan planning, welfare, health and transit services. The thirty -one municipalities represent the lower tier of government, providing a varying array of services within their jurisdictional boundaries. The County also maintains lower tier functions, such as the provision of municipal -type services, including police and fire, to the unincorporated areas and certain municipalities on a negotiated basis. The County operates under the Commission - Manager form of government. Legislative and policy - making authority is vested in the elected thirteen - member Board of County Commissioners; the Commission appointed County Manager is the chief administrator. Miami -Dade County has operated under the metropolitan form of government since 1957, when the Home Rule Charter was passed by the local electorate. Prior to Home Rule, the County had to rely on the State Legislature for the enactment of its laws. County government had not been able to respond to the tremendous demand for municipal services in this rapidly urbanizing area, which is larger than the State of Rhode Island or Delaware. The need to combine services duplicated by the County and numerous cities was also clearly evident. The Charter permitted the limited County government to reorganize into a general purpose "municipal - type" government capable of performing the full range of public functions into an area wide operation. Real Estate As of the second quarter of 2003, the Miami -Dade County Office Market contained approximately 34.55 million square feet of office space. Approximately 34.3% of this space is located in the Miami central business district and adjacent Brickell Avenue and 21.5% in the rapidly growing Airport West area. There was a decrease in the occupancy rate of office buildings in Miami -Dade County from 92% in 1981 to 77.6% in 1991. Since 1992, there was an increase in occupancy from 81.4% to 88.9% in the fourth quarter of 1999. From the fourth quarter of 1999 to the fourth quarter of 2001, the occupancy rate remained relatively stable at around 88 %. The overall County wide occupancy rate as of the second quarter of 2003 has declined to 83.52 %. Many new Class A buildings were completed on Brickell Avenue, in Coral Gables and on Miami Beach which caused an increase in vacancy rates for 2003. QUINLIVAN APPRAISAL 15 Office rental rates in new buildings typically range from $20.00 to $35.00 per square foot. The low end of the range is for office space in the suburban markets. The upper end of the range is for first class office space in Downtown Miami, Brickell Avenue, Coconut Grove and Coral Gables. The Greater Miami Industrial Market, as of the Third Quarter of 2003, consisted of approximately 189 million square feet of industrial space. The approximate percentage location of this space is as follows: > _ r MARKET AREA °Io OF TOTAL .MARKET SPACE AIRPORT WEST 32% HIALEAH 19% CENTRAL DADE 12% NORTHWEST/MEDLEY 16% NORTH DADE 13% SOUTH DADE 5% BIRD/TAMIAMI 4% TOTAL 100% The major use of industrial space is warehousing/distribution which accounts for approximately 65% of the occupied space. Manufacturing and technology occupy the remainder of the space accounting for approximately 20% and 15% of the industrial space, respectively. The county's vacancy rate for the overall Miami -Dade County industrial market for the third quarter of 2003 was 9.3 %, Medley and Airport West had the highest vacancy rates, 10.2% and 12.7 %, respectively. Industrial rental rates generally range from $4.00 to $8.00 per square foot. The median sale price per square foot in 2001 for industrial space in Miami -Dade County was $47.19, by the first quarter of 2003 it had increased to $53.61 per square foot. The continued slowness of the national economy, now beginning to climb out of a recession, has contributed to the weakness in the Miami -Dade County industrial market. Overall vacancy rates have increased and the general level of demand has decreased. The majority of the developers have placed all plans for speculative development on hold. It is. projected that by the fourth quarter of 2003 and into 2004, the overall economy will begin its recovery and that demand levels for industrial space will again increase. The number of single family residential permits decreased 6.8% from 6,166 in 1999 to 5,771 in 2000. Since 2000, the number of permits has increased to 6,600 in 2002. The average sale price of a new residence in Miami -Dade County in 2003 was $302,158 up 10.3% from $273,918 in 2002. QVINLIVAN APPRAISAL 16 According to data from the Department of Business and Professional Regulation, Miami -Dade County has over 290,000 licensed rental apartment units. Reinhold P. Wolff Quarterly Housing Report shows a vacancy rate of 4.3% in August of 2002, slightly higher than the 4.0% rate of August of 2002. The vacancy rate has been declining steadily since 1991, but the decline accelerated after August 1992; this is attributable to Hurricane Andrew. Rental apartments have average rental rates of $865 per month for a one bedroom apartment and $1,077 per month for a two bedroom apartment, as of August 2002. The condominium apartment market experienced an all -time high inventory of 15,722 units in October of 1986. The inventory has decreased to 7,552 units as of March of 2003. The high inventory caused the average sale price of a new condominium unit to decline from $112,604 in 1982 to $87,990 in 1987. However, the average sale price increased dramatically to $162,752 in 1991, declining to $130,545 in 1994 but again dramatically increasing to $291,911 in 2003. The Miami -Dade County retail market contains approximately 52.5 million square feet in buildings over 20,000 square feet. The major retail markets in Miami -Dade County include Hialeah, Coral Gables /South Miami -Dade, Aventura and Kendall. Rental rates typically range from $15.00 to $40.00 per square foot with an average rate of $18.90 per square foot. The overall Miami -Dade County vacancy rate for 2003 was approximately 5.3 %, a 13.6% decrease from the previous year. The vacancy level is lowest in super regional malls and highest in unanchored strip centers. Conclusions In the future, one of the principal growth areas for Miami -Dade County is expected to be the international sector. Miami -Dade County, because of its geographic location and excellent transportation facilities, is well- suited to attract both business individuals and tourists from Latin America. It is already one of the principal shopping markets for Central and South Americans visiting the United States and one of the principal export points for goods and services destined for Latin America. A major consideration to future real estate development in Florida will be compliance with the State's concurrency law mandated by the Growth Management Act. This law requires developers to build sufficient infrastructure. Concurrency requires that basic facilities and services be in place or the money to build the same be available before the construction of new development-is granted approval. . The existence of major financial institutions, retail outlets, corporations and other business entities, coupled with its geographic location, transportation systems and planned international trade centers give Miami -Dade County an excellent opportunity for continued growth as an international center. QUINLIVAN APPRAISAL 17 UV NEIGHBORHOOD MAP SNVWH- �M -ul Slht 73RD Outh Illa` �sj r uo BROM:�j' SW79M Y=M. if--sw - QUINLIVAN APPRAISAL Un, i, TL Del NEIGHB ORffO OD MAP # 0 t F QUINLIVAN APPRAISAL 0 Una 1p dos i NEIGHBORHOOD DATA The subject is located in the City of South Miami, approximately six miles southwest of the Central Business District of Miami. The subject property may be further identified as being located on the east side of S.W. 591h Place, approximately 75 feet south of SW 64`h Street. The subject property is approximately 1 %Z miles east of the Palmetto Expressway, five blocks west of Red Road (SW 57`h Avenue), and 5 blocks north of U.S. 1 and Sunset Drive (SW 72 "d Street). Sunset Drive (SW 72 "d Street) is an cast/west traffic artery in southwest Miami -Dade County. Sunset Drive extends westerly from LeJeune Road (S.W. 42nd Avenue) to S.W. 167th Avenue. A variety of commercial properties front along Sunset Drive. These properties are generally retail and service oriented, such as strip shopping centers, automobile service stations, restaurants and small single tenant office buildings. Single family residential neighborhoods also front on Sunset Drive. Red Road (S.W. 57th Avenue) is a north/south traffic artery in Miami -Dade County. Red Road extends northerly from Old Cutler Road to the Miami International Airport. Red Road is a major commuting artery from South Miami and Coral Gables areas to the Miami International Airport. The Palmetto Expressway is a limited access state highway. The Palmetto Expressway extends northeasterly to the Golden Glades Interchange from U.S. Highway 1 at S.W. 104th Street. The Palmetto Expressway ranges from two lanes to eight lanes. Other maj or cast/west roadways in the area are Ludlam Road (SW 67`h Avenue), SW 8`h Street, Coral Way (SW 20 Street), Miller Drive (SW 56"' Street). The subject property's subdivision primarily consists of single and multi - family residential properties constructed during the 1930s. Recent sale prices of the two to three bedroom single family residences range from $43,000 to $159,000. The areas to the north and south of SW 64' Street in the vicinity of the subject are comprised primarily of single family residential subdivisions. The majority of the houses in these subdivisions were built between the 1940s and the 1970s. During the late 1990s and early 2000s, several of the older homes in this area were torn down and rebuilt. Recent sale prices of these two to three bedroom residences range between $165,000 and $350,000. South Miami Hospital, located approximately one -half mile south of the subject property, is an affiliate of the Baptist Health South Florida organization. Founded as a 100 -bed hospital in 1960, South Miami Hospital has grown to support a capacity of 445 patients. The first phase of a $130 million renovation and expansion project is currently underway and is expected to be completed in the spring of 2005. This phase includes a six -story Medical Arts building. JRE Lee Opportunity school is an alternative middle school program. This public school is a disciplinary school which offers 6'h - 8`h grade students an alternative to expulsion. Students attend for a minimum of nine weeks up to more than one year. In general, the subject neighborhood would be described as a moderately priced residential area with some spotted commercial facilities. QUINLIVAN APPRAISAL 18 QUINLIVANAPPRAI'SAL SITE DATA Dimensions and Shane: The site is rectangular in shape. The site fronts 25 feet, more or less, along the east side of SW 591h Place with a depth easterly of 110 feet, more or less. Area: 2,750 square feet 0.06 Acres (Source: Miami -Dade County Property Appraiser's Office) Topography and Drainage: The site is level and approximately at street grade. Flood Zone: Map N212025CO276J "X" Areas determined to be outside 500 -year floodplain. Soil and Subsoil: The immediate area ofthe subject site appears to have no unusual soil or subsoil conditions. Unusual conditions would be brought out by test borings. Utilities: Water: Miami -Dade Water and Sewer Authority Sewer: Miami -Dade Water and Sewer Authority Electricity: Florida Power & Light Company Telephone: BellSouth Telephone Company Street Improvements: SW 59`" Place is asphalt paved with a dedicated width of 30 feet. SW 591h Place contains one northbound lane and one southbound lane. SW 59`h Place contains sidewalks, curbs, gutters, and street lighting. QUINLIVAN APPRAISAL 19 S. W. SW. b4 SITE MAP QUINLIVAN APPRAISAL QVINLIVAN APPRAISAL ZONING Under Ordinance of the City of South Miami. Classification: NR NEIGHBORHOOD RETAIL Intent and Scale: "The purpose of this district is to permit convenience commercial uses which provide for the everyday retail and personal service needs of nearby residential neighborhoods in a compatible and convenient manner. This district is appropriate in areas designated `Neighborhood Retail Development' on the city's adopted Comprehensive Plan." Permitted Principal Uses include day care centers, public parks or playgrounds, beauty or barber shops, chiropractic offices and clinics, counseling services, dentist offices, dry cleaning substations, film processing substations, insurance agencies, laundromats, mail and parcel centers, massage therapists, notary public, personal skills instruction studios, physical therapists, quick printing, real estate agencies, shoe repair shops, travel agencies, video tap rental stores, confectionary and ice cream parlors, dairy products stores, delis, pharmacy or sundry stores, florists, newsstands, and tobacco shops. Permitted Special Uses include mobile automobile wash/wax services and general or walk -up restaurants. INTENSITY Minimum Lot Size: Minimum Frontage: Height: Floor Area Ratio: Setbacks: Front Side Rear 7,500 Square Feet 75 Feet 25 feet 2 stories Maximum of .25 times the gross lot area 25 feet 15 feet (street) 15 feet QUINLIVAN APPRAISAL 20 QUINLIYAN APPRAISAL HIGHEST AND BEST USE Fundamental to the concept of value is the theory of highest and best use. Land is valued as if vacant and available for its highest and best use. The Appraisal Institute in The Appraisal of Real Estate, Twelfth Edition, defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and results in the highest value. Land has limited value unless there is a present or anticipated use for it; the amount of value depends on the nature of the land's anticipated use, according to the concept of surplus productivity. Among all reasonable, alternative uses, the use that yields the highest present land value, after payments are made for labor, capital, and coordination, is generally regarded as the highest and best use of the land as though vacant. The highest and best use of a property as improved refers to the optimal use that could be made of the property including all existing structures. The implication is that the existing improvement should be renovated or retained as so long as it continues to contribute to the total market value of the property, or until the return from a new improvement would more than offset the cost of demolishing the existing building and constructing a new one. In estimating the highest and best use there are essentially four stages of analysis: 1. Possible Use. What uses of the site being appraised are physically possible? 2. Permissible Use (Legal) What uses are permitted by Zoning and Deed Restriction, if any? 3. Feasible Use. Which possible and permissible uses will produce a net return to the owner of the site? 4. Maximally Productive. Among feasible uses, which use will produce the highest net return to the owner of the site? The highest and best use of the land (or site), if vacant and available for use, may be different from the highest and best use of the improved property. This is true when the improvements are not an appropriate use, but make a contribution to the total property value in excess of the value of the site. The following four point test must be met in estimating the Highest and Best Use. The use must be legal. The use must be probable, not speculative or conjectural. There must be a profitable demand for such use and it must return to the land the highest net return for the longest period of time. QUINLIVAN APPRAISAL 21 These tests have been applied to the subject property. In arriving at the estimate of Highest and Best Use, the subject site was analyzed as vacant and available for development. Possible Use The subject site has 25 feet, more or less, of frontage on SW 59' Place. Therefore, the subject property has adequate access and exposure on a secondary street. The subject site is rectangular in shape, having adequate functional utility. All necessary utility services are available along existing street right -of -ways. The site is filled to street grade and does not appear to have any drainage or subsoil deficiencies. The subject site is 2,750 square feet in size which equates to 0.06 acres. The size of the subject site would limit its use. The physical characteristics of the subject site may restrict residential or commercial use of the site. Permissible Use Permissible or legal uses are those uses which are permitted by zoning or deed restrictions. There are presently no known private deed restrictions of record. The subject site is zoned for neighborhood retail uses and permits a range of convenience commercial uses. According to the zoning regulations, the minimum required lot size is 7,500 square feet, much larger than the 2,750 square feet that the subject site contains. The maximum buildable density of the subject site is 0.25 times the gross lot area which would be approximately of 688 square feet. The building height is limited to 25 feet or two stories. Feasible Use/Maximally Productive Use The zoning of the subject property permits a wide range of potential uses. The possible and permissible uses of the subject.site include day care centers, public parks or playgrounds, beauty or barber shops, chiropractic offices and clinics, counseling services, dentist offices, dry cleaning substations, film processing substations, insurance agencies, laundromats, mail and parcel centers, massage therapists, notary public, personal skills instruction studios, physical therapists, quick printing, real estate agencies, shoe repair shops, travel agencies, video tap rental stores, confectionary and ice cream parlors, dairy products stores, delis, pharmacy or sundry stores, florists, newsstands, and tobacco shops. The physical characteristics of the subject property limit potential uses. The zoning of the subject property requires a minimum lot size of 7,500 square feet while the subject site only contains 2,750 square feet. Conclusion - (As Vacant Based on the above factors, the highest and best use of the site, as vacant, is estimated to be for future development in conjunction with neighboring parcels. QUINLIVAN APPRAISAL 22 • l SCOPE OF THE,APPRAISAL 5 u t � �K 4 QUINLIVAN APPRAISAL SCOPE OF THE APPRAISAL The value of a site can be estimated by various methods which include Direct Sales Comparison, Allocation, Extraction, Development Approach, Land Residual or Ground Rent Capitalization. However, the Direct Sales Comparison Approach is the most preferred and utilized technique when sales of comparable sites are available. The other methodologies are indirect techniques which are generally used when an area is primarily built -up and sales of comparable sites are scarce. The Direct Sales Comparison Method of valuing the subject site was relied on due to the availability of recent land sales. In the Direct Sales Comparison Method, sales of similar recently sold sites with a similar highest and best use as the subject site are analyzed, compared and adjusted by time, property characteristics and location to indicate the Market Value of the subject site as though unimproved. The reliability of this approach is dependent upon the availability ofcomparable sales data, the verification ofthe sales data, the degree of comparability and the absence of non - typical conditions affecting the sale. A search for sales of vacant sites in the general location of the subject site was conducted. Sales of sites with similar highest and best uses as the subject site are utilized in this analysis. Data related to the subject property was derived from various sources including but not limited to the Miami -Dade County Property Appraiser's Office, Miami -Dade Countyplats as complied by First American Real Estate Solutions, Inc., FEMA flood zone maps, Land Development Regulations of the City of South Miami, and tax roll information by ISCNET. Comparable sales sources include First American Real Estate Solutions, Inc., on -line computer service provided by ISCNET, Board of Realtors' Multiple Listing Service, Tri- County Clipping Service and Landata, Inc. Sales prices are typically confirmed with a party to the transaction, i.e. buyer, seller, real estate agent or attorney to the transaction. QUINLIVAN APPRAISAL 23 QUINLIVAN APPRAISAL LAND VALUE A land value estimate is concluded. by comparing the subject site to comparable land sales. Generally, the comparable land sales are adjusted by time, property, and location to indicate the Market Value of the subject site as though unimproved. This process is known as the Direct Sales Comparison Method. The Direct Sales Comparison Method is a process of analyzing sales of similar recently sold land parcels in order to derive an indication of the most probable sales price of the site being appraised. The reliability of this approach is dependent upon the availability of comparable sales data, the verification of the sales data, the degree of comparability and the absence of non - typical conditions affecting the sale. The following pages contain sales of similar land sites which have recently sold. Several other sales were considered, but were not included because there was too wide a difference in physical factors, location and time. In comparing the sales to the subject, consideration was given to factors of time, location, property characteristics, and terms and conditions of the sale. The sales were analyzed on a price paid per square foot of land area. The land sales are all located within an seven block radius of the subject property. The sales and the subject property vary in zoning classifications but they are all zoned for commercial use. While the densities do vary, most properties are not developed to their maximum density. Due to the scarcity of recent sales of similar zoning in the area, the appraiser also analyzed older land sales ranging in time from April of 1998 to October of 2004 A detailed breakdown of each sale, a photograph of the sales, a summary of the sales, a sales map and a value conclusion follows herein. . QUINLIVAN APPRAISAL 24 LAND SALE 1 DATE: April 7, 1998 Size: December 4, 1998 PRICE: $230,000 (2 transactions) TYPE INSTRUMENT: Warranty Deeds RECORDATION: O. R. Book 18144, Page 185 UNIT PRICE: O. R. Book 18414, Page 2067 FOLIO NUMBERS: 09-4025-012-0400,0410,-0420,0430 and 0440 GRANTORS: Leon A. Roth and Rita Levin, Woodson Anderson Stevens, Jr. and Elizabeth H. Stevens GRANTEE: Alex T. Zakharia LEGAL: Lots 8 - 12, Block 4, COCOPLUM TERRACE ADDITION, according to the plat thereof, as recorded in Plat Book 48, Page 38, of the Public Records of Miami -Dade County, Florida. LOCATION: NWC of SW 62 Ave and theoretical SW 66 St South Miami, Florida SITE DESCRIPTION: Dimensions: 100' x 250' Size: 25,000 Square Feet 0.57 Acres Zoning: NR, Neighborhood Retail Current Use: Vacant UNIT PRICE: $9.20 per Square Foot FINANCING: Cash to seller REMARKS: The site was purchased in two separate transactions. QUINLIYAN APPRAISAL 25 LAND SALE I QUINLIVANAPPRAISAL DATE: PRICE: TYPE INSTRUMENT: RECORDATION: FOLIO NUMBERS: GRANTORS: GRANTEE: LEGAL: LOCATION: SITE DESCRIPTION: Dimensions: Size: Zoning: Current Use: UNIT PRICE: FINANCING: REMAR KS: LAND SALE Z January 5, 2001 January 19, 2001 $341,500 (three transactions) Warranty Deeds O. R. Book 19451, Page 3676 O. R. Book 19547, Page 1533 and 1535 09- 4025- 022 -0170, 0180 and 0190 Harry R. And Elizabeth F. McGinnis, Ralph E. McGinnis; and Hapan 56 Corporation; Southeastern Investment Group Lots 1 - 6 less East 10 feet for R/W, COCOPLUM TERRACE, according to the plat thereof, as recorded in Plat Book 25, Page 4, of the Public Records of Miami -Dade County, Florida. SWC of SW 62 "d Ave and SW 68`h St South Miami, Florida Irregular 33,468 Square Feet 0.77 Acres NR, Neighborhood Retail Vacant $10.20 per Square Foot Cash to seller This property was purchased in three transactions. QUINLIVAN APPRAISAL 26 LAND SALE 2 QUVVLIVANAPPRAISAL LAND SALE 3 DATE: May 10, 2004 PRICE: $385,000 TYPE INSTRUMENT: Warranty Deed RECORDATION: O. R. Book 22337, Page 3317 FOLIO NUMBERS: 09-4025-010-0050 and 0180 GRANTOR: William and Margaret Montgomery GRANTEE: Graham Hanover, Inc. LEGAL: Lot 4 less West 2.5 feet, Block 1, and Lot 17 FINANCING: less East 27.5 feet, FRANKLIN SUBDIVISION, REMARKS: according to the plat thereof, as recorded in Plat Book 5, Page 34, of the Public Records of Miami-Dade County, Florida. LOCATION: 6442 SW 59 Place South Miami, Florida SITE DESCRIPTION: Dimensions: Irregular Size: 10,500 Square Feet 0.241 Acres Zoning: NR, Neighborhood Retail RS-4, Single Family Current Use: Older apartment building and single family residence UNIT PRICE: $36.67 per Square Foot FINANCING: Purchase money mortgage of $245,000 REMARKS: The buildings contribute value to the property. QUINLIVAN APPRAISAL 27 LA,ND SALE 3 QUM- VANAPPRAISAL P7 LL "Mm LAND SALE 5 DATE: October 7, 2004 PRICE: $85,000 TYPE INSTRUMENT: Warranty Deed RECORDATION: O. R. Book 22723, Page 1022 FOLIO NUMBERS: 09- 4025 -010 -0030 GRANTOR: Mildred Berry GRANTEE: Richard Prioleau Jr. LEGAL: Lot 2 less West 2.5 feet, Block 1, FRANKLIN SUBDIVISION, according to the plat thereof, as recorded in Plat Book 5, Page 34, of the Public Records of Miami -Dade County, Florida. LOCATION: 6415 SW 60'h Avenue South Miami, Florida SITE DESCRIPTION: Dimensions: 50'x 117.5' Size: 5,875 Square Feet 0.135 Acres Zoning: NR, Neighborhood Retail Current Use: Older single family residence UNIT PRICE: $14.47 per Square Foot FINANCING: Cash to seller REMARKS: The single family residence on this site is currently boarded but appears to contribute value to the property. QUINLIVAN APPRAISAL 29 j 7. Igo 4 Y,. x g g. ... Y' ` Qw. MEW— y c COMPARABLE LAND SALES QUINLIVAN APPRAISAL t2l z LA Cb O ro a. G. < 7d Z p A y z y�91 N 110 w ;v cn b < .p 00 r+ 4i CD tea°' g �� .. Q� t7�• J N a'. O �• ' r N a z O W O\ cn �-+ ►+ 69 �-. ► Cjj''!: w cp tA t,4 �-' � '�•;' 00 o LA ►• NWC C\ ;. ►+ =. N W :;vd O cT LpA N W � •a vAd cn v +VOOi m w � W y � OC• vOi Ln W Er ° n CD 0 .� w o 'v OQ En c~n o O :t1 z O to �' N � W A -4 00 v, I CD LA LA % En t3 Q cr w � � 00 S° ANALYSIS OF SALES The land sales range in unit price from $5.79 to $36.67 per square foot. The sales range in time from April of 1998 to October of 2004. Property Rights The fee simple interest is the property right of the subject property being valued. The comparable sales involved the same type of property rights. Conditions of Sale All of the sales were arm's - length transactions. An arm's- length transaction is defined as a transaction freely arrived at in the open market unaffected by abnormal pressure or by the absence of normal competitive negotiation as might be true in the case between related parties. Financine The financing of the sales does not indicate any adjustments of their prices for favorable/below market financing. Date of Sales (Market Condition) The land sales occurred between April of 1998 and October of 2004. There has been an increasing price trend in this market area. Location The sales are located within an six block radius of the subject site. Sales 1 and 2 are located west of the subject property and are considered superior in location. Sales 3, 4 and 5 are located within one block of the subject property and are considered similar in location. Zoninz The sales are zoned for commercial and residential use. Currently, similarly zoned commercial sites in the immediate neighborhood are primarily being used for single and multi - family residential. Land Size The subject property contains 2,750 square feet. The comparable sales range from 5,875 to 33,468 per square foot. The subject site does not meet minimum lot size and would have to be assembled with adjacent parcels. QUINLIVAN APPRAISAL 30 Building Improvements Sales 3 and 5 contain building structures which contribute value to the property. Conclusion Unit Price $9.20 J$10.20 1 $36.67 1 $5.79 1$14.47 ,Adiustinents 1 Property Rights — Financing Market Conditions + Location Zoning = — _ + — Land Size - - - - — Improvements - Other Total Adjustments Based on a careful analysis of the land sales, the value of the subject site is estimated at $7.50 per square foot. 2,750 SF x $7.50 per SF = $20,625 QUINLIVAN APPRAISAL 31. QUINLIVAN APPRAISAL ASSUMPTIONS AND LIMITING CONDITIONS — 7i, r w rw tw e 'i sus This Appraisal Report has been made with the following general assumptions: 1. No responsibility is assumed for the legal description or for matters including legal or title considerations. Title to the property is assumed to be good and marketable unless otherwise stated. 2. The property is appraised free and clear of any or all liens or encumbrances unless otherwise stated. 3. Responsible ownership and competent property management are assumed. 4. The information furnished by others is believed to be reliable. However, no warranty_ is given for its accuracy.___ _ 5. All engineering is assumed to be correct. The plot plans and illustrative material in this report are included only to assist the reader in visualizing the property. 6. If no survey has been furnished to the appraiser; all measurements have been confirmed either in the field, in the plat book or by other reliable sources and are presumed to be accurate. 7. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for arranging for engineering studies that may be required to discover them. 8. It is assumed that there is full compliance with all applicable federal, state and local environmental regulations and laws unless noncompliance is stated, defined and considered in the Appraisal Report. 9. It is assumed, unless a study has been provided otherwise, that no hazardous material such as asbestos, urea formaldehyde or other toxic waste exists in the property. The existence of a potentially hazardous material could have a significant effect on the value of the property. QUINLIVAN APPRAISAL 32 10. In reference to proposed construction, the real estate taxes and other expenses are estimated. These amounts are not guaranteed. 11. It is assumed in the valuation of the subject land site, unless a compliance letter has been furnished to us, that the State of Florida Growth Management Act does not prevent the issuance of a building permit. 12. It is assumed that all required licenses, certificates of occupancy, consents, or other legislative or administrative authority from any local, state or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. 13. It is assumed that the utilization of the land and improvements is within the boundaries of property lines of the property described and that there is no encroachment or trespass unless noted in the report. This Appraisal Report has been made with the following general limiting conditions: 1. The distribution, if any, of the total valuation of this report between land and improvements applies only under the stated program of utilization. The separate allocations for land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. 2. Possession of this report, or a copy thereof, does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed without the written consent of the, appraiser, and in any event, only with proper written qualification and only in its entirety. 3. The appraiser herein by reason of this appraisal is not required to give further consultation, testimony, or be in attendance in court with reference to the property in question unless arrangements have been previously made. 4. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser, or the firm with which the appraiser is connected) shall be disseminated to the public through advertising, public relations, news, sales, or other media without the prior written consent and approval of the appraiser. QUINLIVAN APPRAISAL 33 QUALIFICATIONS OF THE APPRAISER J. MARK QUINLIVAN Experience: Engaged in the field of real estate appraising since 1972. Associated with F. Robert Quinlivan, MAI, from 1972 to 1985. Currently President of Quinlivan Appraisal, P.A., a Real Estate Appraising and Consulting Firm, established in 1964. Graduate: University of Notre Dame BBA - Bachelor of Business Administration (Major in Finance and Business Economics) University of Maryland MBA - Master of Business Administration (Concentration in Finance) University of Miami Law School JD - Juris Doctor (Concentration in Real Estate and Taxation) Florida International University MSM - Master of Science in Management (Major in Real Estate) University of Miami MALS - Master of Arts in Liberal Studies (Humanities) Professional Affiliations: Member of the Appraisal Institute (MAI 5791) Member of the Florida Bar ( 239992) Real Estate Broker, State of Florida ( 0125264) Certified General Appraiser, State of Florida, License RZ0000112 QUINLIVAN APPRAISAL 34 Oualified as an Expert Witness in the Following Courts: Miami -Dade, Broward, Palm Beach and Monroe County Circuit Courts United States Bankruptcy Court United States District Court Other Activities: Appraiser Special Master (1978 - 1980), Miami -Dade County Property Appraisal Adjustment Board Past President -Miami Chapter 71, Society of Real Estate Appraisers (1983 - 1984) Past President - South Florida Chapter 24, Appraisal Institute (1988) Past Governing Councilor of the American Institute of Real Estate Appraisers (1990) Young Advisory Council of Society of Real Estate Appraisers (1979 and 1980) Editorial Review Board (1981 - 199 1) THE REAL ESTATE APPRAISER AND ANALYST published quarterly by the Society of Real Estate Appraisers Recent Publications: "Non- Conforming Use Properties: The Concept of Positive Economic Obsolescence ", The Appraisal Journal, January 1981, Pages 45 -51. (Arthur A. May Memorial Award 1982). Quinlivan Appraisal has prepared Appraisal Reports for the following: QUINLIVAN APPRAISAL 35 Institutions and Corporations: AT &T Archdiocese of Miami Atlantic Security Bank The Bank of America Bank United Barry University Bessemer Trust Company California Bank and Trust Chevron Oil Company Chase Manhattan Bank Chemical Bank Citibank Citrus Bank City National Bank of Miami Coamerica Bank Coconut Grove Bank Commerce Bank Commercial Bank of Florida Consolidated Bank Colonial Bank County National Bank Eagle National Bank Eastern National Bank Equitable Bank Espirito Santo Bank Farm Credit of South Florida Fidelity Bank First International Bank First National Bank of South Miami Florida International University First Nationwide Bank Florida Memorial College Florida Power and Light Company Florida Rock Industries Great Eastern Bank of Florida Greyhound Lines HSBC Hemisphere National Bank Intercontinental Bank International Bank of Miami, N.A. Jefferson Bank LaSalle National Bank Marine Midland Bank QUINLIVAN APPRAISAL 36 McDonalds Corp. Mellon United National Bank Metro Bank Miami -Dade County Community College Miami -Dade Water and Sewer Authority Northern Trust Bank of Florida Ocean Bank Pacific National Bank Pan American Bank Pointe Bank Shell Oil Company South Trust Bank SunTrust Bank TotalBank Trade National Bank Trust for Public Lands UniBank Union Planters National Bank University of Miami Wachovia Wal -Mart YMCA Governmental Agencies: City of Aventura City of Coral Gables City of Hialeah City of Miami City of Miami Parking Authority City of Miami Beach City of Miramar City of North Bay Village City of North Miami Beach City of South Miami City of Sunny Isles Beach Miami -Dade County Aviation Department Miami -Dade County Department of Development & Facilities Management Miami -Dade County HUD Miami -Dade County Property Appraisal Adjustment Board Miami -Dade County Public Schools Miami -Dade County Public Works Department Miami -Dade County Transportation Administration Miami -Dade Water & Sewer Department South Florida Water Management District QUINLIVAN APPRAISAL fail State of Florida, Attorney General s Office State of Florida, Department of Community Affairs State of Florida, Department of Corrections State of Florida, Department of Environmental Protection State of Florida, Department of Insurance State of Florida, Department of Rehabilitation and Liquidation State of Florida, Department of Transportation Town of Golden Beach United States Army Corps of Engineers United States Department of Justice United States Department of Commerce United States Department of the Interior United States General Services Administration Village of Islamorada Village of Key Biscayne Village of Pinecrest Law Firms: Akerman Senterfitt Greenberg, Traurig Daniels, Kashton, Downs and Robertson Holland and Knight, LLP Shutts & Bowen Ruden McClosky, LLP Steel, Hector & Davis, LLP Weiss, Scrota, Helfman, Pastoriza, Guedes, Cole and Boniske, P.A. Types of Properties Appraised: Single Family Residences Apartment Buildings Office Buildings Retail Stores Shopping Centers Condominium Apartment Buildings Golf Courses Residential Subdivisions Automobile Dealerships QUINLIVAN APPRAISAL Vacant Land Hotel/Motels Warehouses Nursing Homes Mobile Home Parks Schools Service Stations Marinas Wetlands 38 o s°U'r South Miami All- America Cry U + 1 INCORPORATM 1927 0RJQ 2001 To: Honorable Chair and CRA Board Members t From: Maria Davis Executive Director RESOLUTION Date: January 10, 2005 ITEM No. C Re: Agreement A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY ( SMCRA) APPROVING THE CRA DIRECTOR TO ENTER INTO AGREEMENT BETWEEN THE CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY AND CORZO, CASTELLA, CARBALLO, THOMPSON, & SALMAN TO PROVIDE PROFESSIONAL ARCHITECTURAL SERVICES TO DESIGN AND CONSTRUCT A PAVILION AND TO IMPROVE LIGHTING AT MARSHALL WILLIAMSON PARK; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE UP TO $12,750 FROM ACCOUNT # 610 -1110- 572 -31 -20 PARK IMPROVEMENTS, LEAVING A BALANCE OF $49; PROVIDING FOR AN EFFECTIVE DATE. BACKGROUND The SMCRA has established that a priority project is the construction of a pavilion and lighting improvements to Marshall Williamson Park. The City has selected the firm of Castella, Carballo, Thompson, & Salman to prepare the necessary plans for the project. This firm has an on -going contract with the City for professional architectural services. In order to implement this project the SMCRA Board must authorize a contract for professional architectural services. The Board must also authorize the Executive Director to execute the contract with the firm in the amount of $12,750 for professional architectural services and to charge Account No. # 610 - 1110 - 572- 31 -20, leaving a balance of $49. RECOMMENDATION It is recommended that the Executive Director execute a contract with the firm in the amount of $12,750 for professional architectural services and to charge Account No. # 610 -1110- 572- 31 -20. Attachments: Draft Resolution Agreement MD /JM E:1C R A\CRA Report Wounded Healers Grant.doc 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 RESOLUTION NO. A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY ( SMCRA) APPROVING THE CRA DIRECTOR TO ENTER INTO AGREEMENT BETWEEN TIIE CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY AND CORZO, CASTELLA, CARBALLO, THOMPSON, & SALMAN TO PROVIDE PROFESSIONAL ARCHITECTURAL SERVICES TO DESIGN AND CONSTRUCT A PAVILION AND TO IMPROVE LIGHTING AT MARSHALL WILLIAMSON PARK; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE UP TO $12,750 FROM ACCOUNT # 610 -1110- 572 -31 -20 PARK IMPROVEMENTS, LEAVING A BALANCE OF $49.00; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the SMCRA has adopted a Community Redevelopment Plan which authorizes the SMCRA to conduct park improvements; and WHEREAS, the SMCRA desires to implement this pavilion and lighting improvements to Marshall Williamson Park; and WHEREAS, the SMCRA desires to enter into an agreement with Castella, Carballo, Thompson, & Salman for up to $12,750 for professional architectural services; and WHEREAS, the firm of Castella, Carballo, Thompson, & Salman has been selected by the City in accord with State Statue; and NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY: Section 1. The SMCRA Board hereby approves the agreement between the South Miami Community Redevelopment Agency and Castella, Carballo, Thompson, & Salman. Section 2.: The Executive Director is authorized to execute a contract with Castella, Carballo, Thompson, & Salman in amount of $12,750 for professional architectural services and to charge Account No. # 610 - 1110 - 572 -31 -20 leaving $ 49.00 in that account; and Section 3. This resolution shall take effect immediately upon approval. PASSED AND ADOPTED this day of , 2005 ATTEST: SECRETARY READ AND APPROVED AS TO FORM CITY ATTORNEY APPROVED: CHAIRPERSON Board Vote: Chairperson Vice Chairperson Board Member Board Member: Board Member Board Member: 01/05/05 C O R Z O CASTE LLA CArrsALLO THOMPSON SALMAN 17:00 C3TS ARCHITECTS 8, ACCOUNTING DPT -� 3056636345 January 5, 2005 City of South Miami Office of the City Manager 6130 Sunset Drive South Miami, Florida 33136 Attention: Reference: Dear Ms. Davis, Ms. Marla V. Davis City Manager Via Fax (305) 663 -6345 Proposal for Improvements to Marshall Williams Park Revised as per our telecom of today It is our pleasure to be able to present you our proposal for the requested professional services for the improvements we discussed at Williams Park. The following represents our understanding of the requested scope, related time frames and deliverables. SCOPE OF WORK 1:90005022 Improvements to the park will include the following: AAC002142 Recreational Pavilion - the creation of a new pavilion for recreational checkers and /or chess to be approximately 15 feet squared to accommodate up to three pairs of players. The structure is to be robust in nature with a metallic roofing system. The pavilion will be located toward the northernmost end of the park and improvements to the site will include the tie—in of the new structure into the existing paved walkways, Further site improvements adjacent to this structure wolf be the provision of a new vandal resistant drinking fountain with service hose bib and site security lighting of a level to discourage illegitimate use of the facility. Lighting Improvements - the existing park lighting will be expanded/repaired to encompass the entire park. Repair to Existing Drinking Fountain - existing drinking fountain will be replaced to match proposed fountain at the above pavilion. Repair to Existing Paving — Existing concrete pavers at the southernmost end of the park adjacent to the apartment complex entrance will be installed to match in areas currently filled with concrete. We shall coordinate with the City Staff the procurement of existing drawings for the park, the preparation of required surveys and geotechnical reports as required for the preparation of construction permit drawings.. We will prepare and submit Architectural, Mechanical, Civil, Structural and Electrical drawings for permit approval. We shall further provide bidding assistance and administer the construction contract upon your request in accordance with the proposed schedule. DELIVERABLES AND SCHEDULE Deliverables for this project will be in accordance with the proposed Schedule as follows: Preparation of base drawings and (3 sets) preliminary design submittal including elevations of proposed new structure and preliminary estimate of probable cost for review shall be provided after receipt of notice to proceed, dependant upon procurement for existing drawings. It is 901 Ponce do Leon 91vd., Suite 900 Coral Gables, Florida 33134 web Site: www.c3ts.com 305.445.2900 1.800.448.0227 Facsimile 305.445.3366 Equal Opportunity Employer &IN 01/05/05 17:00 C3TS ARCHITECTS & ACCOUNTING DPT 4 3056636345 NO.100 assumed that no electronic drawing is available and that our services will include the development of these drawings based on city record documents. Concurrent to the preparation of the above submittal, proposals for the preparation of Survey update and Geotechnical reports wilt be submitted for City Approval and execution. C3TS will monitor and coordinate this effort upon approval of the proposals on a reimbursable basis if so requested. Time frame - approximately three weeks. Review of preliminary Drawings by City Staff —Two Weeks i Submittal of Final Construction Documents and Specifications - Based upon receipt of comments and the timely preparation of concurrent documentation (5 sets, two signed and sealed) Drawings fl and Specifications and a final estimate of probable cost will be completed in approximately three weeks. Bidding Assistance — C3TS will assist the city in the bidding of this project by conducting a prebid meeting two weeks into a suggested four week bidding period. C3TS will assist the City in I; preparing a bid tabulation of the received bids and prepare a recommendation of award letter. Construction Administration — C3TS estimates that construction of the above work will require 75 to 90 days. During the construction, C3TS will monitor progress, perform the required inspections for certification and review shop drawings. Additionally, C3TS will also review drawing requests from the contractor and prepare close -out documentations and punch -lists for project completion. Total project time is estimated at six months. COMPENSATION C3TS will provide the above outlined services in accordance with the following schedule: Design and Construction Drawings Including Architectural, Civil, Structural, Electrical and Mechanical disciplines: Architectural — 6,000.00 Structural - 500.40 Civil - 1,000.00 FJM 1,000.00 Total - $8,500.00 Coordination of Survey and Geotechnical report — will be handled by the City of South Miami Bidding Assistance - $1,000.00 Construction Administration - $1,500.00 per month for two months or $3,000.00 Total for all of the above services including a reimbursable budget of $250.00 is,$12,750.00 Should F. SAlmman. AIA further, please do not hesitate to contact me at (305) 445 -2900, x -234. MNJ 01/05/05 17:00 C3TS ARCHITECTS & ACCOUNTING DPT + 3056636345 .I FAX COVER SHEET I j DATE. January 5, 2005 li T0: Ms. Maria V. Davis City Manager i FAX NO: 305- 663 -6345 I FROM.' Jessica Moreno NO. 100 D01 NO OF PAGES" 3 Onclu&ng cover sheer) i REFERENCE. Revised Proposal for Improvements to Marshall Williams Park i MESSAGE: Ms, Maria V ,Davis Attached please find the revised proposal for Improvements to Marshall Williams Park for your review. Thank you! Jessica IF YOU HAVE ANY PROBLEMS WITH THIS TRANSMITTAL, PLEASE CONTACT US AT (305) 445 -2900 CORZO CASTELLA CARBALLO THOMPSON SALMAN, P.A. 901 Ponce de Leon Boulevard, Suite 900 — Coral Gables, Florida 33134 — 305.445.2900 — 305.445.3366