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An ordinance approving two lease agreements between the Metropolitan Government of Nashville and Davidson County and PNH Properties, LLC for use of space located at 120 Third Avenue North and 211 Commerce Street (Parcel Nos. 09306203700 and 09306203400) (Proposal No. 2025M-039AG-001).
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WHEREAS, The Metropolitan Government of Nashville and Davidson County (“Metro”) owns certain real property located at 120 Third Avenue North (Parcel No. 09306203700); and,
WHEREAS, PNH Properties, LLC (“PNH”) owns certain real property located at 211 Commerce Street (Parcel No. 09306203400); and,
WHEREAS, Metro and PNH have negotiated the lease agreements attached hereto and incorporated herein to authorize PNH to make improvements to the property located at 120 Third Avenue North (Parcel No. 09306203700) and to utilize the space as part of an adjacent hotel development in exchange for an agreement authorizing Metro’s of 2900 square feet of 211 Commerce Street (Parcel No. 09306203400) for use as a Fire Department facility; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that these agreements be approved.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Lease Agreements between The Metropolitan Government of Nashville and Davidson County and PNH Properties, LLLC attached hereto, are hereby approved and the Director of Public Property Administration, or his designee, is hereby authorized to execute the same.
Section 2. That any amendment to these lease agreements shall be approved by resolution of the Metropolitan Council receiving at least twenty-one (21) affirmative votes.
Section 3. This ordinance shall take effect from and after its final passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.