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Resolution No. 2024-61 Parcel of Land Purchase from Gulfstream Park LLC for Charter School Site - September 3, 2024 CITY OF AVENTURA RESOLUTION NO. 2024-61 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, INCREASING THE SIZE OF THE PARCEL OF LAND TO BE ACQUIRED BY THE CITY FROM GULFSTREAM PARK, LLC TO 3.7 ACRES FOR FUTURE USE AS A CHARTER SCHOOL SITE; AUTHORIZING THE PURCHASE OF .7 ACRES IN THE AMOUNT OF $3,150,000; DIRECTING THE CITY MANAGER TO EXECUTE ONE PURCHASE AND SALE AGREEMENT INCLUSIVE OF THE ADDITIONAL .7 ACRES; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Resolution 2024-33 approved a Term Sheet prepared by Gulfstream Park, LLC ("GSP") in furtherance of a conveyance of a three-acre parcel of land in return for non-monetary consideration for future use by the City of Aventura ("City") as a third charter school site; and WHEREAS, the abovementioned resolution authorized the City Manager to negotiate and execute a Purchase and Sale Agreement with GSP consistent with the Term Sheet; and WHEREAS, during the course of the negotiations, the Parties discussed a conveyance of a parcel larger than the agreed-upon three acres on the condition that the City provide fair and adequate consideration for any additional land; and WHEREAS, the City Manager obtained an appraisal for the parcel in question; and WHEREAS, the Parties have agreed on a purchase price of three million one hundred fifty thousand ($3,150,000.00) dollars for an additional .7 acre parcel, extending from the west property line of the original three acre parcel; and WHEREAS, the survey and legal description of the 3.7-acre parcel have not been finalized, but it is anticipated these documents will be available prior to the October 2024 City Commission meeting; and WHEREAS, the City and GSP will enter into one Purchase and Sale Agreement for the conveyance of the 3.7 acres to the City along with the other terms and conditions enumerated in the Term Sheet; and WHEREAS, the City of Aventura hereby finds that by approving this purchase it enables the City to enlarge the campus of the charter school constructed on this site. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: City of Aventura Resolution No. 2024-61 Section 1. Recitals Incorporated. That each of the above stated recitals are hereby adopted and confirmed. Section 2. Purchase of .7 Acre Parcel Approved. That the City Commission hereby approves the purchase of the .7 acre parcel in the amount of $3,150,000. Section 3. City Manager Authorized. That the City Manager is hereby authorized to continue negotiating with GSP and execute one Purchase and Sale Agreement, inclusive of the additional .7 acres. Section 4. Effective Date. That this Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner Friedland, who moved its adoption. The motion was seconded by Commissioner Bloom, and upon being put to a vote, the vote was as follows: Commissioner Amit Bloom Yes Commissioner Rachel S. Friedland Yes Commissioner Billy Joel Yes Commissioner Paul A. Kruss Yes Vice Mayor Dr. Linda Marks Yes Mayor Howard S. Weinberg Yes PASSED AND ADOPTED this V day of September, 2024. • WARD S. WEINBERG, E MAYOR ATTEA ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: ROBERT MEYERS CITY ATTORNEY WEISS SEROTA HELFMAN COLE + BIERMAN, P.L. Page 2 of 2