Agenda Item # 2
Columbus Consolidated Government
Council Meeting
November 4, 2008
Agenda Report # 330
TO: Mayor and Council
SUBJECT: Property Acquisition ? 2766 Cora Drive
INITIATED BY: Department of Community Reinvestment
________________________________________________________________________________
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Recommendation: Approval is requested to purchase of 0.4 +/- acres at 2766
Cora Drive a/k/a Tax Map Parcel 068 010 009 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, 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 $455,000. The Seller will have a
90-day option to repurchase the property for $50,000 upon completion of the
project.
Financial Considerations: The value of the property has been determined to be
$445,000. The Seller 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 2766
Cora Drive a/k/a Tax Map Parcel 068 010 009 for the Cora Drive Storm Sewer
Replacement Project in Columbus, Muscogee County, Georgia.
A RESOLUTION
NO________
A RESOLUTION AUTHORIZING THE PURCHASE OF 2766 CORA DRIVE A/K/A TAX MAP PARCEL
068 010 009 FOR THE CORA DRIVE STORM SEWER REPLACEMENT PROJECT IN COLUMBUS,
MUSCOGEE COUNTY, GEORGIA.
WHEREAS, 2766 Cora Drive a/k/a Tax Map Parcel 068 010 009 is to be purchased as
part of the Cora Drive Storm Sewer Replacement Project; and,
WHEREAS, it has been determined the price of $445,000 is fair and equitable;
and,
WHEREAS, the purchase of the property will be funded form the CIP-General Fund
Supported - Property Acquisition Account; and,
WHEREAS, the Seller will have a 90-day option to repurchase the property for
$50,000 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 0.4 acres +/- of
property located at 2766 Cora Drive a/k/a Tax Map Parcel 068 010 009 for
$445,000 for the Cora Drive Storm Sewer Replacement Project. The purchase of
the property will be funded from the CIP-General Fund Supported Property
Acquisition Account.
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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.
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