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An ordinance approving a participation agreement between the Metropolitan Government and Tennessee Stadium, LLC for the design and construction of a sewage pump station and associated lines and equipment (Proposal No. 2023M-048AG-001).
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WHEREAS, the Metropolitan Government owns a parcel of property at 6 Main Street (Metro Parcel ID 09302006800; the "Property"); and
WHEREAS, the Metropolitan Government expects the rapid redevelopment of properties on and near the east bank of the Cumberland River in the area (the "Central East Bank Redevelopment Area" or "CEBRA") depicted on the drawing attached to this ordinance as Exhibit 1; and
WHEREAS, the existing sanitary sewer system currently serving the CEBRA has adequate capacity for existing needs but not for the substantially increased demand expected with redevelopment; and
WHEREAS, pursuant to the agreement (the "Agreement") attached as Exhibit 2, Tennessee Stadium, LLC proposes to design and build a new sewage pumping station and associated sewer lines (collectively, the "CEBRA Pump Station") on the Property capable of serving the CEBRA, including the new stadium project approved pursuant to BL2023-1741; and
WHEREAS, the parties anticipate that flow from the new stadium will require approximately 20% of the initial capacity of the CEBRA Pump Station, and the Agreement provides for Tennessee Stadium, LLC to pay 20% of total CEBRA Pump Station costs.
WHEREAS, approval of the Agreement 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 Agreement is approved, and the Director of the Department of Water and Sewerage Services or the Director's designee is authorized to execute and deliver it.
Section 2. Tennessee Stadium, LLC is authorized to enter upon the Property for the purposes of completing the work contemplated by the Agreement.
Section 3. Amendments to the Agreement may b...
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