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File #: RS2022-1451    Name:
Type: Resolution Status: Passed
File created: 3/25/2022 In control: Metropolitan Council
On agenda: 4/19/2022 Final action:
Title: A resolution approving two option agreements authorizing the purchase of properties comprising part of the Global Mall site. (Proposal No. 2022M-017AG-001).
Sponsors: Joy Styles, Delishia Porterfield, Burkley Allen, Brett Withers, Courtney Johnston, Sean Parker
Attachments: 1. Exhibits
title
A resolution approving two option agreements authorizing the purchase of properties comprising part of the Global Mall site. (Proposal No. 2022M-017AG-001).
body
WHEREAS, the Metropolitan Government owns a parcel of property (Parcel ID No. 16300042200) (the "Metro Property") that is a part of the Global Mall site; and,
WHEREAS, Public Square, LLC has an option (the "Mall Property Option") to purchase six parcels of property at 5234 Mt. View Road, 5252 Hickory Hollow Parkway, 0 Mt. View Road, 5178 Mt. View Road, 927 Bell Road, and 5246 Hickory Hollow Parkway (Parcel ID Nos. 16300042300; 16300022800; 16300025600; 16300042100; 16300035200; and 16300035300; collectively, the "Mall Property") that are a part of the Global Mall site; and,
WHEREAS, the Joe C. Davis Foundation has an option (the "Anchor Store Option") to purchase a parcel of property at 5244 Hickory Hollow Parkway (Parcel ID No. 16300022100; the "Anchor Store Property") that is a part of the Global Mall site; and,
WHEREAS, pursuant to the assignment agreement (the "Mall Assignment") attached as Exhibit 1, Public Square, LLC proposes to assign the Mall Property Option to the Metropolitan Government; and,
WHEREAS, pursuant to the assignment agreement (the "Anchor Store Assignment") attached as Exhibit 2, the Joe C. Davis Foundation proposes to assign the Anchor Store Option to the Metropolitan Government; and,
WHEREAS, exercising the Mall Option and the Anchor Store Option and purchasing the Mall Property and the Anchor Store Property will enable the Metropolitan Government to pursue improvements and uses for the Mall Property, the Anchor Store Property, and the Metro Property that will benefit all of Nashville and Davidson County.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The Mall Assignment (Exhibit 1) is approved, and the Director of Public Property Administration is authorized to deliver an executed copy to Publi...

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