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A resolution approving the transfer of control and management of a parcel of property from WeGo Public Transit to the Department of Waste Services and authorizing the Department to make a one-time payment to WeGo Public Transit in the amount of $170,000 on account of such transfer.
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WHEREAS, the Metropolitan Transit Authority, doing business as WeGo Public Transit, was created pursuant to private act and Article 64 of the Metropolitan Government's Charter; and,
WHEREAS, Article 64, Section 5(b) of the Charter provides that "[a]ll properties, rights, and things acquired by or for the authority ... shall be acquired, held, owned, transferred and conveyed in the name of the metropolitan government ..."; and,
WHEREAS, WeGo holds an approximately 1.11-acre parcel of property (the "Property") at 4016 Andrew Jackson Way (Parcel ID No. 08600026100); and,
WHEREAS, WeGo's acquisition of the Property was funded in part by a grant (the "Grant") from the Federal Transportation Administration ("FTA"); and,
WHEREAS, WeGo has no current or planned need for the Property; and,
WHEREAS, the Property is well suited for use by the Department of Waste Services ("DWS") for a convenience center; and,
WHEREAS, the value of the Property as determined by appraisal is $170,000; and,
WHEREAS, with FTA's concurrence, WeGo proposes to transfer control and management of the Property to DWS in exchange for a payment of $170,000, which funds will be paid back to FTA; and,
WHEREAS, approving the transfer of control and management of the Property to DWS and authorizing a one-time payment to WeGo in the amount of $170,000 will serve the public interest.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The transfer of management and control of the Property to DWS is approved, and the Director of Finance is authorized to make a one-time payment to WeGo in the amount of $170,000 on account of such transfer.
Section 2....
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