SURPLUS OF PROPERTY RE CIPRES RE LLC

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

Miami-Dade County declared county-owned property as surplus and approved its conveyance to Cipres RE, LLC for $10.00 to develop 14 multifamily affordable housing units plus approximately 4,100 square feet of ground-floor commercial space. The property is vacant, located in Commission District 3, with Folio No. 01-3125-004-0160, and an estimated market value of $3,450,000.00. The developer will rent units to households at or below 120% of area median income, with two units at 80% AMI, four at 100% AMI, and eight at 120% AMI, and must complete construction within three years of recording the County Deed. The developer agreed to contribute $800,000.00 to a not-for-profit for an endowed scholarship for District 3 students. 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 document does not state a street address, acreage, or specific zoning change. Public comment sentiment is not stated in the document.