title
A resolution to approve the First Amendment to the Lease Agreement between The Metropolitan Government of Nashville and Davidson County and the Metropolitan Nashville Airport Authority for use of certain real property located at Nashville International Airport in Davidson County, commonly known as the Luton Center (Proposal No. 2026M-023AG-001).
body
WHEREAS, the Metropolitan Nashville Airport Authority (“MNAA”) owns certain real property located at the Nashville International Airport, commonly known as the Luton Center; and,
WHEREAS, the Metropolitan Government has determined that the aforesaid property is needed to provide space for the operation of an Emergency 911 center; and,
WHEREAS, The Metropolitan Government of Nashville and Davidson County (“Metro”) and the Metropolitan Nashville Airport Authority have agreed to a First Amendment to the lease agreement to extend the term of the agreement; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this First Amendment to the Lease Agreement be approved.
Now, therefore, be it resolved by the Council of The Metropolitan Government of Nashville and Davidson County:
Section 1. That the First Amendment to the Lease Agreement between The Metropolitan Government of Nashville and Davidson County and the Metropolitan Nashville Airport Authority, a copy of which is attached hereto and incorporated herein, is hereby approved and the Metropolitan Mayor is authorized to execute it on behalf of the Metropolitan Government.
Section 2. 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 approves the first amendment to a lease agreement between the Metropolitan Government (“Metro”) and the Metropolitan Nashville Airport Authority (“MNAA”) for use of Luton Center to provide space for the operation of an Emergency 911 center.
The lease was originally approved by Ordinance BL2019-9 and became effective November 6, 2019. The lease provided Metro with the option to extend the lease for two successive years. Metro utilized both options, the lease is set to expire October 31, 2026. The amendment adds three more successive renewal options to extend the lease for one year each. The rent , starting November 1, 2026, would be $180,000. The rent will increase 3 percent each subsequent year.
The Metropolitan Council may amend the lease agreement by adopting a resolution receiving 21 affirmative votes, pursuant to BL2019-9.
Fiscal Note: The rent for renewal Option three (3) is the Fair Market Value appraisal for ground rent of $180,000 annually, beginning on November 1, 2026, and will increase by 3% each year for renewal Option four and five.