SURPLUS OF PROPERTY RE CIPRES RE LLC

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

Miami-Dade County declared a county-owned property, identified by Folio No. 01-3125-004-0160, as surplus and approved its conveyance to CIPRES RE, LLC for $10.00. The property will be developed with 14 units of affordable housing, including approximately 4,100 square feet of ground-floor commercial space. The developer, an affiliate of Rilea Group, Inc., must develop and rent the housing within three years, with units restricted to very low-, low-, or moderate-income households (not exceeding 120 percent of area median income). The developer will also contribute $800,000.00 to an endowed scholarship fund for students residing within Commission District 3. The resolution waived certain notice and procedural requirements.