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A resolution approving amendments to two agreements relating to the acquisition of a parcel of property and improvements located at 607 Bass Street.
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WHEREAS, pursuant to Ordinance No. BL2023-2012 (the "Bass Ordinance"), the Metropolitan Council approved three agreements relating to acquisition of a parcel of property and improvements (Metro Parcel ID 10502043300; collectively, the "Property") located at 607 Bass Street; and,
WHEREAS, the Bass Ordinance approved a purchase and sale agreement ("PSA") between the current owner (the "Owner") of the Property and American Battlefield Trust ("ABT"), a Virginia non-stock corporation and an assignment agreement ("Assignment Agreement") under which ABT would assign the PSA to Metro; and,
WHEREAS, the Bass Ordinance contemplated that ABT would seek state and federal grant funding to be applied to the purchase of the Property; and,
WHEREAS, expected grant terms require ABT to take title to the Property and further that Metro serve as a grant sponsor; and,
WHEREAS, pursuant to the terms of the revised PSA attached as Exhibit 1 and the revised Assignment Agreement attached as Exhibit 2, ABT proposes to acquire the Property and convey it to Metro; and,
WHEREAS, Ordinance No. BL2023-2012 permits amendment of the approved agreements by resolution; and,
WHEREAS, acquiring the Property and adding it to Fort Negley Park will help preserve the Property's historic features and improve the park for the benefit of the citizens 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 revised Purchase and Sale Agreement and revised Assignment Agreement are approved, and the Director of Public Property or his designee is authorized to execute them and such other documents as may be customary and necessary to carry out the transaction contemplated therein.
Section 2. The Metropolitan Government's service as a grant sponsor...
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