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An ordinance approving an Agreement by and between the Metropolitan Government, CSX Transportation, Inc., and Nashville Phase II Property Holder LLC for the construction of roadway and Quiet Zone improvements at the Chestnut Street and 4th Avenue South railroad crossings.
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WHEREAS, Nashville Phase II Property Holder LLC ("Developer") proposes, at its sole expense, to construct proposed Quiet Zone and roadway improvements at Chestnut Street and 4th Avenue South, MP 00J-1.29, 00J-1.83, DOT# 340948F, 340949M, Nashville Zone, Nashville Terminal Subdivision (the "Project"); and
WHEREAS, CSX Transportation, Inc. (CSXT) is willing to cooperate with Developer and the Metropolitan Government of Nashville and Davidson County, by and through the Nashville Department of Transportation ("Metro"), regarding the construction of the Project as described in the agreement attached hereto as Exhibit A and incorporated herein by reference (the "Agreement"); and
WHEREAS, pursuant to the terms of the Agreement, all of the permanent aspects of the Project will be dedicated to Metro upon completion and Metro's satisfactory inspection of the Project; and
WHEREAS, it is in the best interest of Metro that the Project be completed.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Agreement with CSXT and the Developer for the construction of the Project is hereby approved, and that the Metropolitan Mayor is authorized to execute the same.
Section 2. That any amendments, renewals, or extension of the terms of the Agreement may be approved by resolution of the Metropolitan Council.
Section 3. That 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 an agreement between the Metropolitan Government, CSXS Transportation, Inc. (CSXT), and Nashv...
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