A Resolution Authorizing THE CITY MANAGER TO ENTER INTO A LEASE AGREEMENT WITH FOUNDATION PROPERTIES
(PROPERTIES) FOR PROPERTY LOCATED AT 1015 BROADWAY FOR $120 PER YEAR. whereas, In connection with the proposed construction by Properties of student housing
at 1019 Broadway, Properties is in need of the use of the real estate located
at 1015 Broadway, which is currently owned by the City; and,
whereas, The City is willing to lease the property to Properties and Properties is
willing to accept the property and construct student housing, subject to the
terms and conditions set forth herein.
That the City Manager, or his designee, is hereby authorized to enter into a
Memorandum of Understanding for a lease agreement with Foundation Properties
for property located at 1015 Broadway for $120 per year.
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the _________ day of _____________ and adopted at said meeting by the affirmative vote of _____________ members of said Council.
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