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An ordinance amending Metropolitan Code of Laws § 2.24.250.
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WHEREAS, Metropolitan Code of Laws § 2.24.250(F) permits approval by resolution of fixed-price option agreements for the purchase of certain types of real property; and,
WHEREAS, the application of Metropolitan Code of Laws § 2.24.250 to purchases of property to be used for school purposes is unclear; and,
WHEREAS, some property purchase option agreements must be exercised within a shorter time than approval by ordinance will allow, potentially jeopardizing the Metropolitan Government’s ability to acquire properties that are necessary for governmental purposes.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. Metropolitan Code of Laws § 2.24.250(F) is amended by replacing the existing text in its entirety with the following:
Where land in fee simple is being purchased for purposes, including school purposes, other than rights-of-way for highways, streets, roads, alleys, and other places for vehicular traffic, the director of public property administration or other officer of the metropolitan government shall negotiate for the purchase of such property and seek to obtain from the owner an option to sell to the metropolitan government at a fixed price, subject to the approval of the metropolitan council by resolution, and no purchase shall be consummated until it has been so approved by the metropolitan council. No such resolution relating to an option for property to be used for school purposes shall be approved until a public hearing has been conducted pursuant to public notice as provided in Metropolitan Code of Laws § 2.24.240(I).
Section 2. This ordinance shall take effect from and after its final passage, the welfare of the Metropolitan Government of Nashville and Davidson County, Tennessee, requiring it.