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HomeMy WebLinkAbout2022-139-3850_-_BSD_of_Miami_Gardens,_LLC._Parkway_West_Agreement_-_Adopted_-_PdfRESOLUTION NO. 2022-139-3850 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS,FLORIDA, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE AND ATTEST RESPECTIVELY,THAT CERTAIN AGREEMENT WITH THE HAIMOV GROUP, LLC, PERMITTING THE DISBURSEMENT OF ESCROW FUNDS IN THE AMOUNTS OF ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000) TO THE CITY AND FIVE TODOLLARS ($500,000)HUNDRED THOUSAND AMERICAN KING SERVICES, INC., FOR DEMOLITION OF THE PROPERTY LOCATED AT 17300 NW 7TH AVE, MIAMI GARDENS; A COPY OF WHICH IS ATTACHED HERETO AS EXHIBIT OF“A”; PROVIDING FOR THE ADOPTION REPRESENTATIONS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, BSD of Miami Gardens, LLC previously owned the property located at 17300 NW 7th Avenue Road in Miami Gardens. The property also formerly known as 'Parkway West Regional Medical Center', is an abandoned 11-story structure that has been vacant for nearly two decades, and WHEREAS, the City entered into an agreement with BSD of Miami Gardens, LLC whereby within 30 days of the effective date of the agreement, the owner would remit $350,000 to the City and $650,000 in the form of cash collateral to be held in an escrow account, and WHEREAS, per the agreement, if the owner failed to cure the property within 33- months of the effective date, the cash collateral would be liquidated from escrow, and, WHEREAS, if the owner successfully completed the project within the allotted timeframe, the City would instead receive $150,000 from escrow upon issuance of a temporary or final Certificate of Occupancy/Use, and WHEREAS, in February 2022 BSD of Miami Gardens, LLC subsequently sold the property to The Haimov Group, LLC who proposed to rehabilitate the site in a manner to include potential uses such as a hotel, condos or a multifamily development which will provide jobs, improve community aesthetics, and contribute to an increase in the tax base, and WHEREAS, in an effort to encourage redevelopment, the City seeks to collaborate with The Haimov Group, LLC regarding demolition by entering into an Agreement permitting the escrow agent to disburse $150,000 to the City and the remaining $500,000 held in escrow to America King Services, Inc., the demolition contractor, once certain conditions are fulfilled, a copy of the Agreement is hereto attached as Exhibit “A”, and WHEREAS, staff recommends that the City Council authorize the City Manager to enter into an Agreement with The Haimov Group, LLC permitting the escrow agent to Resolution No. 2022-139-3850 DocuSign Envelope ID: DEA17964-DAB1-4984-BAC2-40882B7EC790 disburse $150,000 to the City and the remaining $500,000 held escrow to American King Services, Inc., upon completion of certain conditions, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, FLORIDA AS FOLLOWS: Section 1: ADOPTION OF REPRESENTATIONS: The foregoing Whereas paragraphs are hereby ratified and confirmed as being true, and the same are hereby made a specific part of this Resolution. Section 2: AUTHORIZATION: The City Council of the City of Miami Gardens hereby authorizes the City Manager and City Clerk to execute and attest that certain Agreement with The Haimov Group, LLC permitting the escrow agent to disburse $150,000 to the City and the remaining $500,000 held in escrow to American King Services, Inc. for demolition of the property located at 17300 NW 7th AVE, Miami Gardens, FL . Section 3: EFFECTIVE DATE: This Resolution shall take effect immediately upon its final passage. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON SEPTEMBER 28, 2022. ________________________________ RODNEY HARRIS, MAYOR ATTEST: ________________________________ MARIO BATAILLE, CMC, CITY CLERK PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY SPONSORED BY: CAMERON D. BENSON Moved by: Vice Mayor Leon Seconded by: Councilwoman Campbell VOTE: 7-0 Page 2 of 3Resolution No. 2022-139-3850 DocuSign Envelope ID: DEA17964-DAB1-4984-BAC2-40882B7EC790 Mayor Harris Yes Vice Mayor Leon Yes Councilwoman Campbell Yes Councilwoman Ighodaro Yes Councilwoman Julien Yes Councilman Stephens, III Yes Councilwoman Wilson Yes Page 3 of 3Resolution No. 2022-139-3850 DocuSign Envelope ID: DEA17964-DAB1-4984-BAC2-40882B7EC790