An ordinance approving a lease of space on the premises by The Metropolitan Government of Nashville and Davidson County, acting through the Metropolitan Board of Fair Commissioners, to Lamar Advertising Company of Tennessee for the purpose of outdoor advertising. (Proposal No. 2001M-109U-11).

Whereas, the Metropolitan Board of Fair Commissioners and Lamar Advertising Company of Tennessee ("Lamar Advertising") have negotiated a lease for space located on the property commonly known as the Tennessee State Fairgrounds (hereinafter "Fairgrounds"); and,

Whereas, the lease provides that Lamar Advertising will supply, erect, and maintain double faced billboard advertisements at six places on the Fairgrounds premises in a manner that will not interfere with the operation of the Fairground or the annual Tennessee State Fair; and,

Whereas, thee Metropolitan Board of Fair Commissioners has the authority, under state law, to lease the Fairgrounds for amusement purposes; however, the use of the billboards will not be restricted to amusement purposes; and,

Whereas, the lease has been approved by the Metropolitan Planning Commission; and

Whereas, it is therefore proper for the Metropolitan Council to approve the lease as provided in Section 2.24.211 of the Metropolitan Code; and,

Whereas, the lease agreement between the Metropolitan Board of Fair Commissioners and Lamar Advertising is in the public interest.

Now, therefore, be it enacted by the Council of The Metropolitan Government of Nashville and Davidson County:

Section 1: That the Lease of the premises located on the Tennessee State Fairgrounds, by and between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Board of Fair Commissioners, and Lamar Advertising, for a term of five (5) years and for rent at the rate of $104.16 per billboard structure, per month, which lease is attached hereto and incorporated by reference, be and the same is hereby approved.

Section 2: That the Lease approved herein may be amended subject to approval by resolution receiving 21 votes.

Section 3: This ordinance shall take effect from and after its passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored By: Ronnie Greer, J. B. Loring

LEGISLATIVE HISTORY
Introduced:	April 2, 2002
Passed First Reading:	April 2, 2002
Referred to:	Planning Commission - Approved 7-0 (2/14/02) Budget & Finance Committee Codes Committee Planning & Zoning Committee
Deferred:	April 16, 2002
Passed Second Reading:	May 21, 2002
Passed Third Reading:	June 4, 2002
Approved:	June 6, 2002
By: