SURPLUS OF PROPERTY RE CIPRES RE LLC

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

Miami-Dade County adopted Resolution R-526-26 declaring county-owned property, Folio No. 01-3125-004-0160, as surplus and authorizing its conveyance to Cipres RE, LLC for $10.00 for development of 14 affordable housing units. The property is vacant, located in Commission District 3, with an estimated market value of $3,450,000.00. The developer will build 14 multifamily residential units and approximately 4,100 square feet of ground-floor commercial space. Units will be rented to households at or below 120% AMI, with two units at 80% AMI, four at 100% AMI, and eight at 120% AMI. The developer will contribute $800,000.00 to a not-for-profit 501(c)(3) for an endowed scholarship for District 3 students within 30 days of deed execution. Development must occur within three years of recording the County Deed. The Housing Committee forwarded the item with a favorable recommendation on 6/9/2026, and the Board of County Commissioners adopted it on 6/16/2026. The resolution waives certain notice and background information requirements. Public comment sentiment is not stated.