Agenda Item # 1
Columbus Consolidated Government
Council Meeting
03/12/2013
Agenda Report # 36
TO: Mayor and Council
SUBJECT: Property Exchange Agreement with Columbus Regional Medical
Center
INITIATED BY: Amy Carbajal, Director of Community Reinvestment
Recommendation: Approval is requested to execute a Property Exchange Agreement
and Addendum to Medical Office Lease Agreement. Columbus Regional Medical
Center is requesting to acquire right-of-way at the corner of Talbotton Road
and Hamilton Road for parking, landscaping and signage as an entry feature to
their campus. In exchange for rental property at 2000 10th Avenue, Suite 410.
The City will receive a credit with in the amount of $47,400 to be applied to
offset rental obligations under the Lease Agreement under the terms and
conditions set forth herein for approximately 18 months.
Background: The City entered into a Lease Agreement to occupy office
space on the Columbus Regional Medical Center campus for the Employee Health
Care Clinic. About the same time, representatives from Columbus Regional
Medical Center (CRMC) approached the City to acquire the right-of-way at the
corner of Talbotton Road and Hamilton Road for parking and entrance feature
improvements. CRMC plans to expand their parking and install landscaping on
the corner with signage to act as an entry feature to the campus. Currently
the property is sloped with a utility easement which limits the use of this
corner piece of property. The renderings for the new landscape feature are
attached for your review.
Community Reinvestment was able to negotiate with CRMC to offset the rent for
the Employee Health Care Clinic with the value of this land. The land was
appraised by CRMC at $47,400. This is a fair appraisal. The offset will allow
the Employee Health/Wellness Complex to function rent free for nearly 18
months. In addition, CRMC also asked that an alley be abandoned in the
process. It is outlined in the Property Exchange Agreement that the alley will
be abandoned by the City.
Analysis: This exchange allows for a beautification project from which the
City benefits as well as reduced costs for the Employee Health Care Clinic,
which also benefits the City.
Financial Considerations: The Employee Health Care Clinic will enjoy a $47,400
reduction in expenses.
Projected Annual Fiscal Impact Statement: None.
Legal Considerations: Council must approve all real estate transactions.
Recommendations/ Actions: Authorize the City Manager to execute the Property
Exchange Agreement and Addendum to Medical Office Lease Agreement.
A RESOLUTION
NO. _____
A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE THE PROPERTY EXCHANGE
AGREEMENT AND ADDENDUM TO MEDICAL OFFICE LEASE AGREEMENT WITH COLUMBUS REGIONAL
MEDICAL CENTER TO EXCHANGE RIGHT OF WAY AT THE CORNER OF HAMILTON ROAD AND
TALBOTTON ROAD FOR CREDIT EQUAL TO THE APPRAISED VALUE TOWARD THE CITY EMPLOYEE
HEALTH CARE CLINIC RENT.
WHEREAS, tenant is the owner that certain real property situated near the
intersection of Talbotton Road and Hamilton Road in Columbus, Muscogee County,
Georgia and being more particularly described and shown in Exhibit A attached
hereto and incorporated herein by this reference (?Exchange Property?); and,
WHEREAS, tenant is also the owner of that certain alleyway connecting Hamilton
Road and 7th Avenue in Columbus, Muscogee County, Georgia and being more
particularly described and shown in Exhibit A (?Alley?); and,
WHEREAS, tenant and Landlord agree that the appraised fair market value of the
Exchange Property and Alley together is $47,400; and,
WHEREAS, tenant and Landlord have reached an agreement whereby Tenant
shall convey any and all of its rights and interests in the Exchange Property
to Landlord and abandon any and all of its rights and interests in the Alley,
and upon such conveyance and abandonment, Tenant shall receive a credit with
Landlord in the amount of $47,400 to be applied to offset its rental
obligations under the Lease Agreement under the terms and conditions set forth
herein; and,
WHEREAS, tenant and Landlord agree that the Lease Agreement shall
remain in full force and effect on its same terms and conditions, unless
otherwise provided herein.
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA, HEREBY RESOLVES AS
FOLLOWS:
That the City Manager is hereby authorized to execute the Property
Exchange Agreement and Addendum to Medical Office Lease Agreement which will
transfer the properties and reduce the Employee Health Care Clinic rent by the
appraised value of the land.
___________
Introduced at a regular meeting of the Council of Columbus, Georgia, held
the _________day of _____________2013, and adopted at said meeting by the
affirmative vote of _____________members of said Council.
Councilor Allen voting __________.
Councilor Henderson voting __________.
Councilor Huff voting __________.
Councilor McDaniel voting __________.
Councilor Turner Pugh voting __________.
Councilor Woodson voting __________.
_____________________________ ________________________
Tiny B. Washington, Clerk of Council , Mayor
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