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A resolution authorizing The Metropolitan Government of Nashville and Davidson County, acting by and through the Board of Parks and Recreation, to enter into a License Agreement with CSX TRANSPORTATION, INC. to use a portion of the parking area located near the CSX trestle around 2009 Sevier Street (Parcel No. 09402022900) (Proposal No. 2026M-058AG-001).
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WHEREAS, The Metropolitan Government of Nashville and Davidson County, through the Board of Parks and Recreation (“Licensee”) desires to use a portion of the parking area located near the CSX trestle near the Licensee property at 2009 Sevier Street (Parcel No. 09402022900) pursuant to the terms of the License Agreement, attached hereto in substantial form as Exhibit 1, and,
WHEREAS, The Metropolitan Government of Nashville and Davidson County, by and through the Board of Parks and Recreation, has agreed to pay CSX TRANSPORTATION, INC. an annual fee of Seven Thousand Five Hundred Dollars ($7,500.00) upon execution of this License Agreement and annually thereafter; and,
WHEREAS, approval of this agreement will benefit the citizens of The Metropolitan Government of Nashville and Davidson County.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The License Agreement, attached hereto and incorporated herein, is hereby approved.
Section 2. That this resolution shall take effect from and after its adoption, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution authorizes the Metropolitan Board of Parks and Recreation to enter into a license agreement with CSX Transportation, Inc. (“CSX”) to use a portion of the parking area located near the CSX trestle at 2009 Sevier Street, the VinnyLinks Golf Course.
According to the terms of the agreement CSX will pay the Metropolitan Government a $7,500 annual fee for use of the 0.8 acres of the parking area at 2009 Sevier Street solely for the purpose of non-revenue generating parking, vehicle maintenance is expressly prohibited. The fee will increase by the percentage increase from the previous calendar year of the annual average in the Consumer Price Index. The contract term shall continue until it is terminated upon 30 days written notice of either party.
Fiscal Note: Metropolitan Government will pay CSX Transportation, Inc. an annual license fee of $7,500 to use a portion of the parking area around 2009 Sevier Street for non-revenue generating public parking. The fee will increase annually by a percentage equal to the increase in the annual average Consumer Price Index (“CPI”) from the previous calendar year. The Metropolitan Government will maintain an adequate drainage system and pay the full amount of any and all taxes/assessment levied on the property.