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A resolution authorizing the Director of Public Property Administration, or his designee, to exercise an option to purchase a certain parcel of property (known as Map and Parcel No. 14300001300) (Proposal No. 2021M-018PR-001).
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WHEREAS, pursuant to the terms of the option agreement attached hereto and incorporated herein as Exhibit A to this resolution, the Metropolitan Government holds an option to purchase approximately 3.56 acres located along 7134 Highway 100 (known as Map and Parcel No. 14300001300) for use as part of the public park system; and,
WHEREAS, Section 2.24.250(F) of the Metropolitan Code of Laws provides:
Where land in fee simple is being purchased for purposes other than for rights-of-way for highways, streets, roads, alleys and other places for vehicular traffic, the director of public property administration shall negotiate for the purchase of such property and seek to obtain from the owner an option to sell to the Metropolitan government at a fixed price, subject to the approval of the Metropolitan Council by resolution, and no purchase shall be consummated until it has been so approved by the Metropolitan Council; and,
WHEREAS, the Board of Parks and Recreation approved the acquisition of this property at its February 7, 2017 meeting; and,
WHEREAS, it is in the best interest of the citizens of Nashville and Davidson County to approve the purchase of said properties.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The Director of Public Property, or his designee, is authorized to execute the necessary documents to acquire a certain parcel of property located at Map and Parcel No. 14300001300 from the Friends of The Warner Parks, Inc.
Section 2. This resolution shall take effect upon passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution authorizes the Director of Public Property to exercise an option to purchase approximately 3.56 acres located along 7134 Highway 100 for use as part of the public park system. The parcel is currently owned by the Friends of Warner Parks, Inc. Metro will pay $150,000.
Section 2.24.250.F of Metro Code allows for the acquisition of property through the exercise of a negotiated option to sell at a fixed price, subject to approval of the Council by resolution. This acquisition was approved by the Board of Parks and Recreation and the Planning Commission.
Fiscal Note: Metro will pay $150,000, approximately 3.56 acres, the fair market value of the property on 7134 Highway 100.