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 # 1





Columbus Consolidated Government

Council Meeting



October 2, 2007

Agenda Report # 199



TO: Mayor and Councilors



SUBJECT: Termination of Joint Purchase Agreement



INITIATED BY: Department of Community Reinvestment



Recommendation: Approval is requested to amend Resolution # 6-07 to terminate

the Joint Purchase Agreement between Woodmont Properties, LLC. and the City of

Columbus to acquire property at 3601 Ginger Drive.



Background: Resolution 6-07 authorized the City Manager to enter into a Joint

Purchase Agreement with Woodmont Properties, LLC to acquire 12.874 +/- acres at

3601 Ginger Drive. The property is to be used for a drainage project on

Effingham Way and Ginger Drive. The agreement allowed, upon completion of the

drainage project, for the purchase of the unused property from the drainage

project to be purchased by Woodmont Properties, Inc. for $250,000. The

original budget for the drainage project was $2.5 million. The contracted cost

of the drainage project is $1,723,679.



Analysis: With the cost of the drainage project coming in under budget, it

was determined that the sale of the unused portion of the property was not

necessary. As per the Joint Purchase Agreement (Section 12), the City will

return the $250,000 Letter of Credit to Woodmont Properties, Inc. and terminate

the agreement. The termination of this agreement will not have an effect on

the drainage project. Upon completion of the of the drainage project, the

unused portion of the property will be returned to an undistributed natural

area



Financial Considerations: The City of Columbus will incur the total $600,000

cost of the purchase of the property.



Legal Considerations: Council must approve the purchase and the exchange of

property.



Recommendations: Approve the resolution terminating the Joint Purchase

Agreement between Woodmont Properties, Inc. and the City of Columbus to acquire

property at 3601 Ginger Drive.



A RESOLUTION

NO. _____



A RESOLUTION AUTHORIZING TO AMEND RESOLUTION #6-07 TO TERMINATE THE

JOINT PURCHASE AGREEMENT BETWEEN WOODMONT PROPERTIES, LLC. AND THE CITY OF

COLUMBUS TO ACQUIRE PROPERTY AT 3601 GINGER DRIVE.



WHEREAS, Resolution 6-07 authorized the City Manager to enter into a Joint

Purchase Agreement with Woodmont Properties, LLC to acquire 12.874 +/- acres at

3601 Ginger Drive; and,



WHEREAS, the drainage project costs will be $1,723,689; and,



WHEREAS, due to the bid amount for the drainage project, the sale of the unused

portion of the property is no longer necessary to fund the project; and,

WHEREAS, the City will return the $250,000 Letter of Credit to Woodmont

Properties, LLC; and,

WHEREAS, the termination of the Joint Purchase Agreement will not have an

effect on the drainage project on Effingham Way and Ginger Drive; and,



WHEREAS, upon completion of the drainage project, the unused portion of the

property will be returned to an undistributed natural area; and,

WHEREAS, it is in the best interest of the City to terminate the Joint Purchase

Agreement.



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



1. That Resolution #6-07 is hereby amended; and,

2. That the City Manager is hereby authorized to terminate the Joint Purchase

Agreement with Woodmont Properties, LLC.



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

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