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Reso 2003-553
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Reso 2003-553
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Last modified
4/22/2022 10:00:26 AM
Creation date
1/25/2006 1:57:19 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2003-553
Date (mm/dd/yyyy)
05/15/2003
Description
– Est. Necessity to Acquire 18080 Collins Ave., Nat’l Car Rental Site.
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<br />" <br /> <br />"J <br /> <br />", <br /> <br />-...J <br /> <br />ASSESSMENT AND TAXES - 2002 <br /> <br />" <br /> <br />\..J <br /> <br />The subject property is assessed under the jurisdiction of the City of Sunny Isles Beach. <br /> <br />" <br /> <br />,-.J <br /> <br />The assessment for the property is established each year as of January 1 st by the Miami-Dade County <br />Property Appraiser's Office at 100% of "Just Value," Just Value has been equated to Market Value <br />less closing costs. While the State of Florida requires real estate to be assessed at I 00% of Just <br />V alue, in reality the ratio of the assessed value to sales price is generally below 100%. <br /> <br />r, <br /> <br />,.-J <br /> <br />" <br /> <br />Folio Number: <br /> <br />31-2211-005-0016 <br /> <br />,--! <br /> <br />r 1 <br /> <br />Assessed Value: <br /> <br />Land <br /> <br />Improvements <br />Total <br /> <br />$675,000 <br />$121. 781 <br />$796,781 <br /> <br />,~ <br /> <br />" <br /> <br />"J <br /> <br />Millage Rate: <br /> <br />$22.2295 per $1,000 <br /> <br />, , <br /> <br />\ j <br /> <br />Tax Amount: <br /> <br />$18,137,54 <br /> <br />, .., <br /> <br />,~ <br /> <br />OWNER OF RECORD AND ADDRESS <br /> <br />" <br /> <br />,..J <br /> <br />Mitsubishi Motor Sales of America, Inc, <br />6400 Katella A venue <br />Cypress, California 90630 <br /> <br />" <br /> <br />,_J <br /> <br />r, FIVE-YEAR HISTORY OF TITLE <br /> <br />c....J <br /> <br />" <br /> <br />Investigation of the Public Records of Miami-Dade County indicates no sale transfers during the past <br />five years, <br /> <br />,...-J <br /> <br />r, <br /> <br />The most recent sale of the property was on July 7, 1997. The title transferred from Value Rent-a- <br />Car, Inc, to Mitsubishi Motor Sales of America, Inc. The document stamps recorded on the deed <br />indicated a consideration of$1 ,660,000 exchanging with the transfer oftitle. The warranty deed was <br />recorded in Official Records Book 17708, Page 253 of the public records of Miami-Dade County, <br />Florida. The transaction was between related parties and is not considered arm's length. <br /> <br />", <br /> <br />,...J <br /> <br />" J <br /> <br />'-, <br /> <br />c....J <br /> <br />" <br /> <br />,,_J <br /> <br />QUINLIVAN APPRAISAL <br /> <br />,..J <br /> <br />6 <br />
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