Agenda Item # 1

Columbus Consolidated Government
Council Meeting
March 22, 2016
Agenda Report # 97


TO: Mayor and Councilors

SUBJECT: Property Disposition – Golden Park - 110 4th Street (tax map 002 017 001)

INITIATED BY: Community Reinvestment


Recommendation: Approval is requested to declare the property at 110 4th Street a/k/a 002 017 001 (Golden Park), as surplus and authorize the sale of 5.53 acres +/- in Columbus, Muscogee County, Georgia for a minimum value of $3,735,000.

Background: The property was conveyed to the City from the Commissioners of Commons of the City of Columbus on January 30, 1928. It consists of a 4,500 seat baseball stadium that was renovated in 1994 in anticipation of the softball events of the 1996 Summer Olympics. It was utilized as home to minor league baseball teams until 2008. Currently the park is primarily used for special events. For the past several years the expenses have exceeded the revenues by an average of $83,000 per year.

The City contracted with a licensed appraiser to conduct an appraisal of the property. The fair market value based on highest and best use was determined to be $3,735,000. If approved for surplus the property would be disposed of in accordance with the Columbus Charter, Chapter 5, Section 7.501 - Sale and Disposition of Property.

Analysis: The property is currently not being utilized as home to any minor league baseball team, but is being leased several times per year to hold special events. The park currently requires approximately $2.7 million in renovations. The City is losing approximately $83,000 per year on the maintenance and utilities costs at the facilities.

Financial Considerations: The property will be sold to the maximum bid with the starting asking price of $3,735,000. Currently the City is losing approximately $83,000 per year because the utilities and maintenance are exceeding the revenues. Selling the property to a private entity would also allow the property to be placed back on the tax roll.

Legal Considerations: The property can be sold in accordance with Section 7-501 of the Columbus Charter.

Recommendations/ Actions: Approve the attached Resolution to declare the property at 110 4th Street a/k/a 002 017 001 (Golden Park), as surplus and advertise and sell said property in accordance with Section 7-501 of the Columbus Charter.



Golden Park parcel map.pdfGolden Park parcel map.pdf

A RESOLUTION
No._______

A RESOLUTION AUTHORIZING THE CITY MANAGER TO DECLARE 110 4TH STREET A/K/A 002 017 001 (GOLDEN PARK), AS SURPLUS AND TO ADVERTISE, AND SELL IN ACCORDANCE WITH SECTION 7-501 OF THE COLUMBUS CHARTER.

WHEREAS, the above mentioned property is owned exclusively by the Columbus Consolidated Government; and,

WHEREAS, the property is only being utilized a few time per year for special events; and,

WHEREAS, Columbus Consolidated Government is losing approximately $83,000 per year due to its current condition; and,

WHEREAS, the appraised value of the property is $3,735,000 and the City would benefit from the potential revenues; and,

WHEREAS, surplus real property owned by the Columbus Consolidated Government must be conveyed in accordance with Section 7-501 of the Columbus Charter.

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

That the City Manager is hereby authorized to declare property at 110 4th Street a/k/a 002 017 001, as surplus and authorize the sale in accordance with Section 7-501 of the Columbus Charter, and subject to confirmation of Council, execute all contracts agreements and understandings related to the conveyance of the property.
___________________

Introduced at a regular meeting of the Council of Columbus, Georgia, held the _________ day of _____________, 2016 and adopted at said meeting by the affirmative vote of ____________ members of said Council.


Councilor Allen voting __________.
Councilor Baker voting __________.
Councilor Barnes voting __________.
Councilor Buck voting __________.
Councilor Davis voting __________.
Councilor Henderson voting __________.
Councilor Huff voting __________.
Councilor Thomas voting __________.
Councilor Turner Pugh voting __________.
Councilor Woodson voting __________.



_______________________________ _________________________
Tiny B. Washington, Clerk of Council Teresa Pike Tomlinson, Mayor