To

Mayor and Council

Subject

Sell of Property - Theatre at Columbus Square Mall

Initiator

City Manager's Office

Recommendation

Approval is requested to declare 5.085 +/- acres of property located at 3060 \n \n Macon Road a/k/a 067 024 022A as surplus, and authorize the sale of said \n \n property (see attached map).

Approval

Approved

Background

The property has been owned by the City of Columbus for more than three years.

The property had previously been leased to Carmike Cinemas. The new Columbus

Library and old Sears property are in the surrounding area.

Analysis

The property consists of 5.085 +/- acres located on Macon Road a/k/a Tax Map

067 024 022A behind the new Columbus Library. Subject property is zoned NC,

Neighborhood Commercial District.

Financial Considerations

The appraised fair market value of the property is $1,247,000. The property

will be transferred by Quit Claim Deed.

Projected Annual Fiscal Impact Statement

Legal Considerations

Council must approve the sale of real estate and newspaper notices shall be

published in accordance with Columbus Charter Section 7-501.

Recommendations/ Actions

Approval is requested of the attached resolution declaring said property as

surplus and authorizing the sale of the above identified property.

No attachments for this document.