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File #: 2020-285    Version: 1 Name:
Type: Authorization Status: Passed
File created: 7/28/2020 In control: City Council
On agenda: 8/3/2020 Final action: 8/3/2020
Title: Approval to purchase property from the First Baptist Church of Smyrna, Inc. consisting of approximately 0.607 acres located in Land Lot 522 of the 17th District, 2nd Section of Cobb County and being situated on Memorial Place, Smyrna GA at a purchase price of $575,000.00 dollars and authorize the Mayor to sign a sales contact and all documents necessary to close the transaction.
Attachments: 1. Issue Sheet 2020-285 Church Property Purchase.pdf, 2. Church Purchase Contract.pdf, 3. Church Letter of Acceptance.pdf

Impact

WARD/ COUNCILMEMBER: Ward 3 / Councilmember Travis Lindley

 

COMMITTEE: 

 

$ IMPACT:  $575,000.00

 

Title

Approval to purchase property from the First Baptist Church of Smyrna, Inc. consisting of approximately 0.607 acres located in Land Lot 522 of the 17th District, 2nd Section of Cobb County and being situated on Memorial Place, Smyrna GA at a purchase price of $575,000.00 dollars and authorize the Mayor to sign a sales contact and all documents necessary to close the transaction.

 

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ISSUE / BACKGROUND: 

This property is the site occupying a building used by Smyrna First Baptist Church that abuts the Wells Fargo Bank and borders Memorial Place. This property will be instrumental in the continued redevelopment of the downtown area.

 

RECOMMENDATION/REQUESTED ACTION: 

Approval to purchase property from the First Baptist Church of Smyrna, Inc. consisting of approximately 0.607 acres located in Land Lot 522 of the 17th District, 2nd Section of Cobb County and being situated on Memorial Place, Smyrna GA at a purchase price of $575,000.00 dollars and authorize the Mayor to sign a sales contact and all documents necessary to close the transaction.