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File #: BL2020-583    Name:
Type: Bill (Ordinance) Status: Passed
File created: 12/3/2020 In control: Metropolitan Council
On agenda: 1/19/2021 Final action: 1/19/2021
Title: An ordinance approving a Tri-Party Agreement between the Metropolitan Government of Nashville and Davidson County, Affordable Housing Resources, Inc., and TaylorMade Contracting LLC, concerning transfers of the properties located at 1507A and 1507B 14th Avenue North (Map/Parcel Nos. 081150273, 081150272). (Proposal No. 2020M-026AG-001).
Sponsors: Brandon Taylor, Zulfat Suara, Kathleen Murphy, Ginny Welsch
Attachments: 1. BL2020-583 Legislative Packet
title
An ordinance approving a Tri-Party Agreement between the Metropolitan Government of Nashville and Davidson County, Affordable Housing Resources, Inc., and TaylorMade Contracting LLC, concerning transfers of the properties located at 1507A and 1507B 14th Avenue North (Map/Parcel Nos. 081150273, 081150272). (Proposal No. 2020M-026AG-001).
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WHEREAS, Metropolitan Council Resolution No. RS2020-239 authorized the transfer of the real property located at 1507B 14th Avenue North, Nashville ("1507B"), to Affordable Housing Resources, Inc. ("AHR"), for purposes of constructing affordable and workforce housing; and,
WHEREAS, Resolution No. RS2020-239 also approved a grant agreement between the Metropolitan Government of Nashville and Davidson County and AHR, for purposes of constructing affordable and workforce housing; and,
WHEREAS, as required by Resolution No. RS2020-239, 1507B is encumbered by a Deed Restriction and Declaration of Restrictive Covenants, requiring that the property be used for affordable and workforce housing; and,
WHEREAS, TaylorMade Contracting LLC ("TaylorMade"), owns the property located at 1507A 14th Avenue North, Nashville ("1507A"); and,
WHEREAS, due to error, TAYLORMADE built on 1507B instead of 1507A; and,
WHEREAS, TaylorMade and AHR desire to exchange properties, whereby 1507B will be conveyed to TaylorMade, and 1507A will be transferred to AHR.
WHEREAS, the parties have negotiated the terms of the transfer of 1507A and 1507B, as reflected in the Tri-Party Agreement attached hereto.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The Tri-Party Agreement between the Metropolitan Government of Nashville and Davidson County, Affordable Housing Resources, Inc., and TaylorMade Contracting LLC, concerning transfers of the properties located at 1507A and 1507B 14th Avenue North (Map/Parcel Nos. 081150273 & 081150272), attached hereto and incorporated herein, is here...

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