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) on June 16, 2026, 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, for the purpose of developing affordable housing. The project will include 14 multifamily residential units and approximately 4,100 square feet of ground-floor commercial space. The developer will also contribute $800,000.00 to a not-for-profit for an endowed scholarship. The housing units will be rented to very low-, low-, or moderate-income households, with specific restrictions on income levels (80%, 100%, and 120% of Area Median Income). The developer must complete construction and rental within three years of the County Deed recording, subject to potential extensions approved by the Board. The resolution waived certain notice and procedural requirements.