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An ordinance authorizing the abandonment and conveyance by quitclaim deed of approximately 0.024 acres of excess right of way adjacent to 11th Avenue North and approving a performance agreement under which a WeGo transit stop will be constructed at no cost to the Metropolitan Government. (Proposal No. 2022M-007AB-001).
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WHEREAS, 125 11th Ave Property Owner, LLC ("Property Owner") owns a certain parcel of property (the "Property") at the intersection of 11th Avenue North and Church Street; and,
WHEREAS, an approximately 0.024-acre portion of excess right of way (the "Excess Right of Way") is adjacent to the Property; and,
WHEREAS, the Property is not useful to the Metropolitan Government for any purpose and has no commercial value; and,
WHEREAS, Property Owner has requested that the Metropolitan Government abandon the Excess Right of Way and convey such interest as the Metropolitan Government may have in the Excess Right of Way to Property Owner by quitclaim deed (the "Deed") in the form attached as Exhibit 1 to this ordinance; and,
WHEREAS, pursuant to the terms of the performance agreement (the "Performance Agreement") attached as Exhibit 2 to this ordinance, Property Owner has proposed to construct a WeGo transit stop at no cost to the Metropolitan Government; and,
WHEREAS, Property Owner has also offered to pay the Metropolitan Government the sum of $2,681.84 (the "Payment") as additional consideration for the transaction described in this ordinance; and,
WHEREAS, the abandonment and conveyance of the Excess Right of Way to Property Owner and approval of the Performance Agreement are in the best interest of the citizens of Nashville and Davidson County.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The abandonment of the Excess Right of Way is hereby approved.
Section 2. Conveyance of such interest as the Metropolitan Government may own in the Excess Right of Way and the...
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