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An ordinance approving a lease agreement between the Metropolitan Government and Friends of Shelby Park, a Tennessee nonprofit corporation, for the Naval Building and grounds in Shelby Park.
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WHEREAS, the Metropolitan Government owns and operates Shelby Park and within it the Naval Building and grounds at 2009 Sevier Street; and,
WHEREAS, the Naval Building is in a state of disrepair and the Metropolitan Government currently has no plans for its restoration or use; and,
WHEREAS, pursuant to the terms of the lease agreement (the "Lease") attached to this ordinance as Exhibit 1, Friends of Shelby Park, a Tennessee nonprofit corporation having a mission to support the improvement and public use of Shelby Park, proposes to lease, improve, and program the Naval Building and grounds; and,
WHEREAS, the Lease contemplates improvements that would fully restore an iconic Nashville structure listed on the National Register of Historic Places and provide public access and activation of the building and grounds that would benefit the entire city; and,
WHEREAS, approval of the Lease is in the best interest of the Metropolitan Government.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The Lease is approved, and the Mayor or his designee is authorized to execute and deliver it.
Section 2. Amendments to the Lease may be approved by resolution of the Metropolitan Council.
Section 3. This Ordinance shall take effect from and after its passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This ordinance approves a ground lease agreement between the Metropolitan Government ("Metro") and Friends of Shelby Park ("Tenant") to restore and operate the Naval Building and grounds at 2009 Sevier Street within Shelby Park. The Tenant intends to redevelop the existing Naval Building and immediate surrounding grounds into a mixed-use...
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