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An ordinance approving the Fourth Amendment to the Lease Agreement between The Metropolitan Government of Nashville and Davidson County and The Nashville Zoo, Inc., approving the conveyance of property from the Nashville Zoo, Inc. via quitclaim to the Metropolitan Government of Nashville and Davidson County and approving a participation agreement between the Metropolitan Government of Nashville and Davidson County and The Nashville Zoo, Inc. for the construction of a facility Parking Garage. (Proposal No. 2022M-050AG-001).
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WHEREAS, the Metropolitan Government of Nashville and Davidson County ("Metro") and the Nashville Zoo, Inc. ("Zoo") are parties to a Lease Agreement approved by O96-473 for property commonly known as Grasmere (the "Lease") for certain premises located at 3777 Nolensville Pike, Nashville, Tennessee (the "Premises") as more particularly described in the Lease; and,
WHEREAS, The Metropolitan Government FY 2021-22 Capital Spending Plan allocated $15 million dollars to contribute toward a facility parking garage ("Improvements") serving the Zoo; and,
WHEREAS, The Zoo wishes to donate the property upon which a portion of the Improvements will be constructed to Metro via quitclaim deed; and,
WHEREAS, pursuant to the terms of the Agreement, Zoo has proposed to build the Improvements, all in accordance with the plans to be approved by the Metropolitan Department of Parks and Recreation, and Metro will contribute an amount not to exceed $15 million dollars; and,
WHEREAS, Zoo will convey the Improvements to Metro upon completion; and,
WHEREAS, the Lease needs to be amended to include the duties and responsibilities with respect to the Improvements; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this Fourth Amendment to the Lease Agreement be approved, that the quitclaim deed be accepted and recorded and that the participation agreement be approved.
NOW, THEREFORE, BE IT ...
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