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An ordinance approving three option agreements authorizing the purchase of properties for a new elementary school in Antioch, Tennessee. (Proposal No. 2024M-019AG-001).
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WHEREAS, it is in the public interest for the Metropolitan Government of Nashville and Davidson County to acquire certain property located at 555 Bell Road (Parcel No. 14900013100), 567 Bell Road (Parcel No. 14900017900), 0 Bell Road (Parcel No. 14900023200 ), 1058 Rural Hill Road (Parcel No. 14900012200 ), 1050 Rural Hill Road (Parcel No. 14900013300), 1070 Rural Hill Road (Parcel No. 14900034100 ), and 5211 Rice Road (Parcel No. 14900012300 ) for the construction of a new elementary school; and,
WHEREAS, Section 2.24.240(I) of the Metropolitan Code of Laws provides:
Prior to the adoption of an ordinance, on second reading, by the council authorizing the acquisition by purchase or condemnation of real estate to be utilized as a site for the construction of a new public school or relocation of existing public school, a public hearing shall be held on said ordinance. The metropolitan planning commission shall give notice in two newspapers of general circulation in the area of metropolitan government at least fifteen days but no more than thirty days prior to the public hearing and shall provide additional written notice of such hearing to the district member of council in whose district the property to be acquired is to be located and to all members of the metropolitan board of public education. In addition to such notice, the metropolitan planning commission shall cause signs to be posted on the site in the same manner and under the same conditions as provided in Article XV of Chapter 17.40 and Section 17.08.030 of the Metropolitan Code; provided, however, the wording shall clearly state the intended use rather than zoning provisions. Such public hearing shall be held in the council chambers; however, such hearing need not be held during a regular meeting of the council.; and,
WHEREAS, pursuant to section 2.24.250(F) of the Metropolitan Code of Laws, the Director of Public Property Administration has negotiated the attached Option Agreements; and,
WHEREAS, the Metropolitan Board of Education recommends approval of the acquisition of the Property; and,
WHEREAS, approval of the Option Agreements and authorizing the Director of Public Property to purchase said Property is in the best interest of the citizens of the Metropolitan Government.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE:
Section 1. The Option Agreements attached hereto granting the Metropolitan Government an option to purchase the Properties located at 555 Bell Road (Parcel No. 14900013100), 567 Bell Road (Parcel No. 14900017900), 0 Bell Road (Parcel No. 14900023200 ), 1058 Rural Hill Road (Parcel No. 14900012200 ), 1050 Rural Hill Road (Parcel No. 14900013300), 1070 Rural Hill Road (Parcel No. 14900034100 ), and 5211 Rice Road (Parcel No. 14900012300 ) are hereby approved.
Section 2. The Director of Public Property Administration, or his designee, is hereby authorized to execute and record such documents as may be necessary to carry out the purchase of said Property in substantially the form of the Option Agreement attached hereto.
Section 3. This ordinance shall take effect from and after its passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This ordinance approves three option agreements authorizing the purchase of properties for a new elementary school in Antioch.
The first option agreement authorizes the Metropolitan Government to acquire .71 acres owned by Paul H. Silveria and Ana Caroline Silveria located at 555 Bell Road. The Metropolitan Government would acquire this property for $550,000.
The second option agreement authorizes the Metropolitan Government to acquire .98 acres owned by Billy R. King located at 567 Bell Road. The Metropolitan Government would acquire this property for $345,000.
The third option agreement authorizes the Metropolitan Government to acquire a total of 10.89 acres for a total of $3,600,000. The individual properties are as follows:
• 0 Bell Road and 1058 Rural Hill Road, owned by James M. Lenahan and Deborah J. Lenahan (Metro Assessor appraised value - $93,400)
• 1050 Rural Hill Road, owned by Engles J. Pope and Nancy M. Pope (Metro Assessor appraised value - $264,300)
• 1070 Rural Hill Road, owned by Bridget A. Jackson (Metro Assessor appraised value - $176,500)
• 5211 Rice Road, owed by Bridget A. Jackson and Kimberly Craighead (Metro Assessor appraised value - $214,800)
These acquisitions have been approved by the Planning Commission and the Metropolitan Board of Education.
Fiscal Note: According to the Property Assessor’s website, for the first option agreement, the total appraised value for 555 Bell Road, parcel number 149-00-0-131.00, is $448,900, and purchase price would $550,000. For the second option agreement, the total appraised value of 567 Bell Road, parcel number 149-00-0-179.00, is $52,000, and the purchase price would be $345,000. For the third option agreement, the total appraised value of the five properties is $921,500, and the purchase price of these properties would be $3,600,000.