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2011-30-272 - Sale of Bunche Park Property 1515 NW 167 Street, Building 5 Suite 200 Miami Gardens, Florida 33169 City of Miami Gardens Agenda Memo City Council Meeting Date: November 9, 2011 Item Type: Resolution Ordinance Other X Fiscal Impact: (Enter X in box) Yes No Ordinance Reading: 1st Reading 2nd Reading x x Public Hearing: (Enter X in box) Yes No Yes No x Funding Source: N/A Advertising Requirement: Yes No X Contract/P.O. Required: Yes No RFP/RFQ/Bid #: X Strategic Plan Related: Yes No Strategic Plan Priority Area: Enhance Organizational Bus. & Economic Dev Public Safety Quality of Education Qual. of Life & City Image Communication Strategic Plan Obj./Strategy: X N/A Sponsor Name: Dr. Danny Crew, City Manager Department: City Manager’s Office Short Title: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, FLORIDA, AUTHORIZING THE SALE OF CITY OWNED PROPERTY LOCATED AT 2245 BUNCHE PARK DRIVE AND 15620 W. BUNCHE PARK DRIVE, TO LOVE FELLOWSHIP MINISTRIES FOR THE SUM OF FIVE HUNDRED FIVE THOUSAND DOLLARS ($505,000.00); AUTHORIZING THE CITY MANAGER TO MAKE APPLICATION FOR A REZONING OF THE PROPERTY AND FOR THE CITY TO SHARE THE COSTS OF THE REZONING EQUALLY WITH THE PURCHASER; AUTHORIZING THE CITY MANAGER AND CITY ATTORNEY TO TAKE ANY AND ALL STEPS NECESSARY IN ORDER TO COMPLETE THE SALE OF THE PROPERTY; PROVIDING FOR ADOPTION OF REPRESENTATIONS; REPEALING ALL ORDINANCES IN CONFLICT; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR INCLUSION IN CODE; PROVIDING AN EFFECTIVE DATE. Staff Summary Background As a result of a sluggish economy, the City has continued to make every effort to minimize the financial burden to its residents. Significant budget deficits caused primarily by declining revenues have forced City staff to look at the disposition of real estate assets in an effort to replenish the Fund Balance. ITEM I-2) ORDINANCE SECOND READING/PUBLIC HEARING Sale of City Owned Property Several months ago the City took a more aggressive approach to disposing of parcels previously acquired. Signs were posted on each site indicating availability for purchase, and the site information was also posted on the City’s website. Current Situation The City received a formal offer to purchase the property located at 2245 Bunche Park Drive (Mt. Hermon Property) along with the parsonage located at 15620 W. Bunche Park Drive from Love Fellowship Ministries. The offer ($505,000) is 12% below the current appraised value of $525,000; however, the facility is in immediate need of a new roof, new a/c units and a myriad of other repairs. Together, these repairs are estimated at more than $100,000. Unfortunately, no one could have anticipated the severe on‐going decline of property values. However, disposing of this property will eliminate the on‐going liability of owning a property which the City does not currently have the capital to redevelop or repair. City staff has been advised that the purchaser will seek to put the building back on‐line as quickly as possible and has indicated its commitment to provide community services to the Bunche Park neighborhood. The property is currently zoned “Government”. A rezoning of the property Mt. Hermon property has been completed. Upon discussion of the process and fees required to rezone the property ($24,900), the purchasers have requested that the City split the cost. The proposed ordinance recommends that the City accept the offer of $505,000 from Love Fellowship Ministries for the purchase of the property located at 2245 Bunche Park Drive and the parsonage located at 15620 W. Bunche Park Drive, and allows the City Manager to sign as the applicant for the rezoning of the property. The ordinance was approved on first reading at the October 12, 2011 Council meeting. Proposed Action: That the City Council adopt the attached ordinance. Attachments: Attachment A: Purchase Contract Attachment B: Purchase Contract Amendment