SURPLUS OF PROPERTY RE CIPRES RE LLC

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

Miami-Dade County declared a county-owned vacant property as surplus and approved its conveyance to Cipres RE, LLC for $10.00 to develop 14 multifamily affordable housing units and approximately 4,100 square feet of ground-floor commercial space. The property is located in Commission District 3, identified by Folio No. 01-3125-004-0160, with an estimated market value of $3,450,000.00. The developer will contribute $800,000.00 to a not-for-profit 501(c)(3) corporation for an endowed scholarship for students in Commission District 3. The resolution was adopted by the Board of County Commissioners on 6/16/2026, after a favorable recommendation from the Housing Committee on 6/9/2026. The developer must develop and rent the housing within three years of recording the County Deed, with units restricted at 80, 100, and 120 percent of area median income. The resolution waives certain notice and procedural requirements.