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An ordinance authorizing the conveyance by quitclaim deed of approximately 0.08 acres of excess right of way adjacent to Jefferson Street and the abandonment of approximately 0.18 acres of right of way at the intersections of Junior Gilliam Way with Second and Third Avenues (Proposal No. 2026M-011PR-001).
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WHEREAS, 305 Jefferson, LLC (“Property Owner”) owns 1000 3rd Avenue N (Parcel ID # 08213034800, 0 Junior Gilliam Way (Parcel ID # 08213034900), 1001 2nd Avenue N (Parcel ID # 08213035100); 0 2nd Avenue N (Parcel ID #s 08213035200, 08213035300 and 08213035400), 1011 2nd Avenue N (Parcel ID # 08213035500) and 1015 2nd Avenue N (Parcel ID # 08213035600) (collectively, the "Property"); and,
WHEREAS, as stated in the letter attached to this ordinance as Exhibit 1, the Property Owner proposes to redevelop the Property and eliminate the slip lanes (the “Slip Lanes”) at the intersections of Junior Gilliam Way with Second and Third Avenues, the right of way for which comprises approximately 0.18 acres (the “Slip Lane Area”; depicted on Exhibit 2) that the Metropolitan Government owns in fee; and,
WHEREAS, the Property Owner also proposes that the Metropolitan Government abandon an approximately 0.08-acre portion of excess right of way (the “Excess Right of Way”; depicted on Exhibit 2) adjacent to the Property and Jefferson Street; and,
WHEREAS, elimination of the Slip Lanes would enhance pedestrian safety; and,
WHEREAS, the Excess Right of Way is not useful to the Metropolitan Government for any purpose and has no commercial value; and,
WHEREAS, as provided in Exhibit 1, the 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 Slip Lane Area to Property Owner by quitclaim deed (the “Deed”) in the form attached as Exhibit 3 to this ordinance; and,
WHEREAS, the Property Owner proposes to make certain improvements to public sidewalks and road infrastructure adjacent to the Property at substantial cost; and,
WHEREAS, pursuant to Exhibit 1, the Property Owner has also offered to pay the Metropolitan Government the sum of $500,000 (the “Payment”) as additional consideration for the transaction described in this ordinance; and,
WHEREAS, the abandonment of the Excess Right of Way and conveyance of the Slip Lane Area to the Property Owner 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 Slip Lane Area and the Excess Right of Way and the execution and delivery of the Deed (Exhibit 3) are approved.
Section 3. The Director of Public Property or designee is authorized to execute such other documents as are necessary to carry out the intent of this ordinance.
Section 4. The Director of Finance is authorized to accept the Payment on behalf on the Metropolitan Government.
Section 5. Amendments to this ordinance may be authorized by resolution of the Metropolitan Council.
Section 6. This ordinance shall take effect from and after its adoption, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.