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A resolution authorizing the Director of Public Property, or his designee, to exercise an option agreement for the purchase of two flood-prone properties, located at 204 Hickory Street and Hickory Street (unnumbered), for Metro Water Services. (Proposal No. 2024M-002PR-001).
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WHEREAS, it is in the public interest for The Metropolitan Government of Nashville & Davidson County to acquire certain flood-prone property; and,
WHEREAS, the properties located at 204 Hickory Street and Hickory Street (unnumbered) are flood-prone; 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, pursuant to the terms of the agreement attached hereto and incorporated herein as Exhibit 1, the Metropolitan Government holds an option to purchase those certain real properties known as Davidson County Tax Map 043-13-0, Parcels 303.00 and 304.00 (as shown on Exhibit 1); and,
WHEREAS, The Metropolitan Planning Commission approved mandatory referral No. 2024M-002PR-001 on July 18, 2024, for acquisition of the property; 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 RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The Director of Public Property, or his designee, is hereby authorized to exercise the option to purchase those properties as shown on Exhibit 1, which is attached hereto and incorporated by reference and to execute the necessary documents pertaining thereto.
Map & Parcel: Address:
04313030300 Hickory Street (unnumbered)
04313030400 204 Hickory Street
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 purchase of two flood-prone properties located at 204 Hickory Street and 0 Hickory Street. This purchase is part of Metro Water Services’ ongoing program to purchase flood-prone properties. Metro has acquired the option to purchase these properties for $231,000.
This resolution has been approved by the Planning Commission.
Fiscal Note: The appraised value of 204 Hickory Street, an 0.17-acre parcel, is $176,100 and $22,500 for 0 Hickory Street, an 0.18-acre parcel, according to the Assessor of Property’s website.