Columbus, Georgia

Georgia's First Consolidated Government

Post Office Box 1340
Columbus, Georgia, 31902-1340
(706) 653-4013
fax (706) 653-4016

Council Members

Agenda Item # ____2____





Columbus Consolidated Government

Council Meeting



September 18, 2007



Agenda Report #__196



TO: Mayor and Councilors



SUBJECT: Warranty Deed ? River Mill, LLC



INITIATED BY: Community Reinvestment Department

___________________________________________________________________________



Recommendation: Approval is requested to execute a Warranty Deed to River

Mill, LLC, a Georgia Limited Liability Company f/k/a River Mill Village, LLC,

pursuant to the option agreement for sale and purchase of real property dated

May 3, 1999.



Background: On May 3, 1999, the Town of Bibb City entered in an option

agreement for the sale and purchase of real property with River Mill, LLC. (see

attached). The agreement was for the sale and purchase of a parcel of property

containing 4.417 acres with a purchase price of $20,000. Pursuant to Georgia

House Bill 205, the City of Columbus assumed all assets, liabilities and

obligations of the Town of Bibb City. Those obligations of Bibb City included

this option to sale and purchase property.



Analysis: River Mill, LLC. has exercised the option to purchase this property

for $20,000. The City is bound by the option agreement and has no known use

for the property at this time.



Financial Considerations: The $20,000 received from the sale of this property

will be returned to the General Fund CIP Acquisition of Property Account to be

used for future land acquisitions.



Legal Considerations: The City is obligated by the option agreement to sale

the property for $20,000.



Recommendation: Approval is requested to execute a warranty deed to River

Mill, LLC, a Georgia Limited Liability Company f/k/a River Mill Village, LLC.









A RESOLUTION



NO._____



A RESOLUTION AUTHORIZING A WARRANTY DEED TO RIVER MILL, LLC, A GEORGIA

LIMITED LIABILITY COMPANY F/K/A RIVER MILL VILLAGE, LLC, PURSUANT TO THE OPTION

AGREEMENT FOR THE SALE AND PURCHASE OF REAL PROPERTY DATED MAY 3, 1999.



WHEREAS, The Town of Bibb City was obligated to convey the property

described as ??PARCEL ?X? 4.417 ACRES? in Columbus, Muscogee County, Georgia,

in the above described Option (the ?Property?) to River Mill, LLC, a Georgia

limited liability company, f/k/a River Mill Village, LLC (?RIVER MILL?); and,



WHEREAS, Columbus, Georgia, succeeded to certain assets and assumed the

liabilities and obligations of The Town of Bibb City, Georgia pursuant to

Georgia House Bill NO. 205, Act. No. 36, including the property subject to the

option; and,



WHEREAS, RIVER MILL has exercised its option to purchase the Property

for the purchase price of $20,000 as agreed upon in the Option; and,



WHEREAS, Columbus must fulfill its obligations under the option

agreement.



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



1. That the City Manager is hereby authorized to execute the warranty

deed conveying to RIVER MILL, LLC, the ?Property?, pursuant to the terms of the

Option, for the purchase price of $20,000.



2. That the execution of the warranty deed is contingent upon the City

retaining all access rights to the Riverwalk.





********************************



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

held the ______ day of September, 2007 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 Pugh Voting ______________________

Councilor Woodson voting ______________________





____________________________ ____________________________

Tiny B.Washington, Clerk of Council Jim Wetherington , Mayor

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