SURPLUS OF PROPERTY RE CIPRES RE LLC

Board of County Commissioners · 2026-06-16 · resolution

Miami-Dade County declared a vacant, county-owned property as surplus and authorized its conveyance to CIPRES RE, LLC for $10.00. The property, identified by Folio No. 01-3125-004-0160, will be developed into 14 units of affordable housing, with 4,100 square feet of ground-floor commercial space. The developer, an affiliate of Rilea Group, Inc., will also contribute $800,000 to an endowed scholarship fund for residents of Commission District 3. The housing units will be rented to very low-, low-, or moderate-income households, with specific income restrictions for each unit. The project must be completed within three years of the County Deed recording, subject to extensions approved by the Board. The resolution waived certain notice and procedural requirements.