Agenda Item # 4
Columbus Consolidated Government
Council Meeting
May 27, 2008
Agenda Report # 282
TO: Mayor and Council
SUBJECT: Property Acquisition - 2733 Edgewood Road & 3404 Clubview Drive
INITIATED BY: Department of Community Reinvestment
________________________________________________________________________________
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Recommendation: Approval is requested to purchase of 2733 Edgewood Road a/k/a
Tax Map Parcel 068 010 006 and 3404 Clubview Drive a/k/a Tax Map Parcel 068 011
003 for the Cora Drive Storm Sewer Replacement Project in Columbus, Muscogee
County, Georgia (see attached map).
Background: The Cora Drive Storm Sewer Replacement Project is needed to
replace a failure of a storm sewer pipe in the Cora Drive area. The storm sewer
is currently running under three houses and a failure of the pipe has
occurred. The project will consist of the demolition of the homes, removal
and replacement of the storm sewer. As part of the project, the City must
retain ownership of the properties in order to replace the storm sewer. Upon
completion of the project, the sellers will have an option to repurchase the
property.
Analysis: Through good faith negotiations for the property located at 2733
Edgewood Road, the City and owner have agreed upon a fair and equitable price
for the property. Based upon appraised values from both parties, the agreed
upon price is $275,000. The Seller will have a 90-day option to repurchase the
property for $50,000 upon completion of the project.
Through good faith negotiations for the property located at 3404 Clubview
Drive, the City and owner have agreed upon a fair and equitable price for the
property. Based upon appraised values from both parties, the agreed upon price
is $285,000. The Seller will have a 90-day option to repurchase the property
for $75,000 upon completion of the project.
Financial Considerations: The value of the properties has been determined to
be $275,000 and $285,000. The Sellers has agreed to accept payment from the
City for the value of the property. The City will pay all closing cost
associated with the purchase. Funds for the purchase of the property will be
made from the CIP - General Fund Supported Property Acquisition Account.
Legal Considerations: The purchase of property requires Council approval.
Recommendations/ Actions: Approve a Resolution for the to purchase of 2733
Edgewood Road a/k/a Tax Map Parcel 068 010 006 and 3404 Clubview Drive a/k/a
Tax Map Parcel 068 011 003 for the Cora Drive Storm Sewer Replacement Project
in Columbus, Muscogee County, Georgia.
A RESOLUTION
NO. ______
A RESOLUTION AUTHORIZING THE PURCHASE OF 2733 EDGEWOOD ROAD A/K/A TAX MAP
PARCEL 068 010 006 AND 3404 CLUBVIEW DRIVE a/k/a TAX MAP PARCEL 068 011 003 FOR
THE CORA DRIVE STORM SEWER REPLACEMENT PROJECT IN COLUMBUS, MUSCOGEE COUNTY,
GEORGIA.
WHEREAS, 2733 Edgewood Road a/k/a Tax Map Parcel 068 010 006 and 3404 Clubview
Drive a/k/a Tax Map Parcel 068 011 003 are to be purchased as part of the Cora
Drive Storm Sewer Replacement Project; and,
WHEREAS, it has been determined the price of $275,000 is fair and equitable for
2733 Edgewood Road; and,
WHEREAS, it has been determined the price of $285,000 is fair and equitable for
3404 Clubview Drive; and,
WHEREAS, the purchase of the property will be funded form the CIP-General Fund
Supported - Property Acquisition Account; and,
WHEREAS, the Seller of 2733 Edgewood Road will have a 90-day option to
repurchase the property for $50,000 upon completion of the project; and,
WHEREAS, the Seller of 3404 Clubview Drive will have a 90-day option
to repurchase the property for $75,000 upon completion of the project; and,
WHEREAS, it is in the best interest of the Consolidated Government of Columbus,
Georgia to purchase the property; and,
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA, HEREBY RESOLVES AS FOLLOWS:
That the City Manager is hereby authorized to purchase 2733 Edgewood Road a/k/a
Tax Map Parcel 068 010 006 for the purchase price of $275,000 and 3404 Clubview
Drive a/k/a Tax Map Parcel 068 011 003 for the purchase price of $285,000 for
the Cora Drive Storm Sewer Replacement Project. The purchase of the property
will be funded form the CIP-General Fund Supported Property Acquisition Account.
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.
Councilor Allen voting __________.
Councilor Anthony voting __________.
Councilor Baker voting __________.
Councilor Barnes voting __________.
Councilor Davis voting __________.
Councilor Henderson voting __________.
Councilor Hunter voting __________.
Councilor McDaniel voting __________.
Councilor Turner Pugh voting __________.
Councilor Woodson voting __________.
____________________________ ____________________________
Tiny B. Washington, Clerk of Council Jim Wetherington, Mayor
Attachments