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An ordinance approving an option agreement between the Metropolitan Government of Nashville and Davidson County and GTLC, LLC for the purchase of property located at 0 Old Hickory Boulevard, Parcel 12800018100, and authorizing the acceptance of a donation of real property via quitclaim deed. (Proposal #2024M-059AG-001)
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WHEREAS, the Metropolitan Government of Nashville and Davidson County ("Metro") and GTLC, LLC ("GTLC") desire to enter into a Real Estate Option Agreement ("Option Agreement"), attached hereto and incorporated herein as Exhibit 1, pertaining to certain property owned by GTLC, located at 0 Old Hickory Boulevard (Parcel No. 12800018100), hereinafter ("Property"); and,
WHEREAS, Exhibit A-1 to the Option Agreement is a survey that divides the Property into three tracts, Tract 1, Tract 2 and Tract 3; and,
WHEREAS, Tracts 1 and 2 as further described in Exhibit A to the Option Agreement and as shown on Exhibit A-1, is the subject of the Option Agreement; and,
WHEREAS, GTLC desires to quitclaim Metro any interest GTLC has in Tract 3, pursuant to the quitclaim deed attached hereto as Exhibit 2; and,
WHEREAS, it is in the best interest of the citizens of Nashville and Davidson County that the Option Agreement for Tracts 1 and 2 be approved, that the Director of Public Property be authorized to purchase said Property from GTLC, and that the Director of Public Property be authorized to accept via quitclaim, interest in Tract 3.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Real Estate Option Agreement, attached hereto as Exhibit 1, between the Metropolitan Government of Nashville and Davidson County and GTLC, LLC granting the Metropolitan Government an option to purchase the property located at 0 Old Hickory Boulevard, Parcel 12800018100, is hereby approved.
Section 2. That the Director of Public Property, or his designee, is hereby authorized to execute and rec...
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