SURPLUS OF PROPERTY RE CIPRES RE LLC

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

Miami-Dade County Board of County Commissioners adopted a resolution (File Number: 260911, Reference: R-526-26) declaring county-owned property, identified by Folio No. 01-3125-004-0160, as surplus. The property will be conveyed to Cipres RE, LLC for $10.00. The developer, an affiliate of Rilea Group, Inc., plans to develop 14 multifamily residential units for affordable housing, rented to very low-, low-, or moderate-income households (incomes not exceeding 120 percent of Area Median Income). The project also includes approximately 4,100 square feet of ground-floor commercial space ancillary to the residential use. Cipres RE, LLC will also contribute $800,000.00 to a not-for-profit 501(c)(3) corporation for an endowed scholarship for students residing within County Commission District 3. The development must be completed and rented within three years of the County Deed recording, subject to a reverter clause. The resolution waives certain notice and procedural requirements. No public comment is stated in the document.