Columbus, Georgia

A RESOLUTION



No.



WHEREAS, House Resolution 1073 passed by the Georgia General Assembly proposes

to amend the Georgia Constitution so as to allow separate taxation of qualified

low income building projects subject to approval in a November, 2002

referendum;



WHEREAS, certain real property owned by Johnston Mill, L.P. and known as 3201

Columbus Avenue, Columbus, Georgia, described on the attached Exhibit "A" (the

"Property"), may qualify as a low income building project depending on

legislation passed by the Georgia General Assembly as a result of said

referendum;



WHEREAS, the Property has received a preliminary determination as a certified

historic structure from the Georgia Department of Natural Resources and a

preliminary certification of the proposed rehabilitation from the Georgia

Department of Natural Resources;



WHEREAS, the preliminary certification has been submitted to the Columbus,

Georgia Board of Tax Assessors to receive tax assessment as rehabilitated

historic property pursuant to O.C.G.A. Section 48-5-7.2;



WHEREAS, PRS Partners Holdings, LLC is the owner of property south of the

Property, and contiguous to the Chattahoochee River and to certain realty of

Georgia Power Company which is contiguous to the Chattahoochee River (the "PRS

Property") and desires to improve a 6.5 acre parcel with trails and amenities

for use as a park and donate the same to the consolidated government;



WHEREAS, Johnston Mill, L.P. seeks support of an extension of a tax assessment

for rehabilitated historic property as described on Exhibit A to the extent

that such an extension becomes authorized by law.



NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA HEREBY RESOLVES:



We hereby express our support for the Johnston Mill, L.P. project and our

support for the extension of any tax assessment authorized by O.C.G.A.

?48-5-7.2 for such project or treatment as a qualified low income building

project to the extent authorized by law.

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Introduced at a regular meeting of the Council of Columbus, Georgia held on the

18th day of June, 2002, and adopted at said meeting by the affirmative vote of

______ members of Council.



Councilor Allen voting __________.

Councilor Henderson voting __________.

Councilor Hunter voting __________.

Councilor McDaniel voting __________.

Councilor Poydasheff voting __________.

Councilor Rodgers voting __________.

Councilor Smith voting __________.

Councilor Suber voting __________.

Councilor Pugh voting __________.

Councilor Woodson voting __________.



______________________________ ______________________________

Tiny B. Washington Bobby G. Peters

Clerk Mayor