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HomeMy WebLinkAboutR-2025-059 Purchase of Property Located at 400 S. Federal HighwayRESOLUTION NO. 2025-059 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE AN AGREEMENT BETWEEN THE CITY OF DANIA BEACH AND LAWRENCE BARRY BROWN, FOR THE PURCHASE OF THE PARCEL KNOWN AS THE “M.C. FROST HOME”, LOCATED AT 400 SOUTH FEDERAL HIGHWAY, DANIA BEACH, FLORIDA; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the City of Dania Beach is interested in purchasing the property known as 400 South Federal Highway, Dania Beach, Florida, bearing the legal description identified in Exhibit A; and WHEREAS, the M.C. Frost Home was constructed in 1924 by one of the City’s pioneers, Martin Frost, and has a main residential building, with a detached two-story garage/apartment building; and WHEREAS, in 2000, by Ordinance No. 2000-038, the building was designated historic by the City of Dania Beach City Commission ; and WHEREAS, M.C. Frost was born in Wisconsin in 1886, Martin C. Frost arrived in Dania in 1901 with his family and became a tomato farmer, for which Dania Beach the Tomato capital, and he was the owner of Dania Bank; and WHEREAS, the City obtained two appraisals, one by Harry S. Newstreet, with an appraisal amount of $2,710,000.00, and a second appraisal by the Urban Group, with an appraisal amount of $2,770,000.00; and WHEREAS, pursuant to Florida Statute Section 166.045, the City provided 30 day prior notice of the City’s intent to purchase the property; and WHEREAS, the City proposes to finance the purchase of the parcel; and WHEREAS, the City desires to purchase the parcel, after completing due diligence on the property. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That the above “Whereas” clauses are ratified and confirmed, and they are made a part of and incorporated into this Resolution by this reference. 2 RESOLUTION #2025-059 Section 2. That the proper City officials are authorized to execute the attached purchase and sale agreement with Lawrence Barry Brown, for 400 South Federal Highway, Dania Beach, Florida. Section 3. That the City Manager and City Attorney are authorized to make minor revisions to the Agreement which are deemed necessary and proper and in the best interest of the City. Section 4. That funding for this cost will be appropriated from General Fund Unassigned Fund Balance (001-00-00-389-90-01) to General Fund – General Government Professional Services (001-18-00-519-61-10)) in the amount not to exceed Two Million Seven Hundred Forty Thousand dollars ($2,740,000.00). The City intends to issue tax-exempt financing totaling Three Million One Hundred Thousand $3,100,000. A portion of the proceeds will be designated to reimburse the General Fund for the acquisition of the property, as well as for any expenditures incurred before the issuance of the tax-exempt bonds or notes. Furthermore, the remaining funds will be utilized to restore the property to an operationally viable condition. Section 5. That all resolutions or parts of resolutions in conflict with this Resolution are repealed to the extent of such conflict. Section 6. That this Resolution shall be effective immediately after passage. PASSED AND ADOPTED on April 22, 2025. Motion by Commissioner Ryan, second by Commissioner Lewellen. FINAL VOTE ON ADOPTION: Unanimous X (4/5 vote required) Yes No Commissioner Lori Lewellen ____ ____ Commissioner Luis Rimoli ____ ____ Commissioner Archibald J. Ryan IV ____ ____ Vice Mayor Marco Salvino ____ ____ Mayor Joyce L. Davis ____ ____ 3 RESOLUTION #2025-059 ATTEST: ELORA RIERA, MMC JOYCE L. DAVIS CITY CLERK MAYOR APPROVED AS TO FORM AND CORRECTNESS: EVE A. BOUTSIS CITY ATTORNEY 4 RESOLUTION #2025-059 EXHIBIT “A” LEGAL DESCRIPTION DANIA HEIGHTS 3-22 B LOT 1 LESS ST RD,2 LESS ST RD, 3 LESS ST RD BLK 2 and DANIA HEIGHTS 3-22 B LOT 25,26 BLK 2 Folio Numbers: 5142-03-04-0080, 5142-03-04-0220