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 to declare county-owned property surplus and authorize its conveyance to CIPRES RE, LLC for $10.00. The property will be developed with 14 units of affordable housing and approximately 4,100 square feet of ground-floor commercial space. The developer will also contribute $800,000.00 to an endowed scholarship fund for students in Commission District 3. The housing units will be rented to very low-, low-, or moderate-income households, with specific restrictions on AMI percentages. The conveyance is subject to a reverter and a rental regulatory agreement. The Board waived certain notice and procedural requirements.