ORDINANCE NO. BL2004-127
An ordinance
approving a Lease Agreement between The Metropolitan Government of Nashville
and Davidson County and the Nashville Academy Theatre, acting through Public
Property, and Nashville Children's Theatre Association for certain real
property
located at 724 Second Avenue South, Nashville, Tennessee (Proposal No. 2004M-13U-09).
WHEREAS, The Metropolitan Government of Nashville and Davidson County owns certain
real property located at 724 Second Avenue South, Nashville, Tennessee;
WHEREAS, the Nashville Academy Theatre and Nashville Children's Theatre has
leased the property at 724 Second Avenue South since October, 1973;
WHEREAS, the Nashville Academy Theatre and Nashville Children's Theatre has
requested to enter into a new Lease Agreement for the property at 724 Second
Avenue South; and
WHEREAS, the Director of Public Property Administration is authorized to lease
real property, subject to the approval of the Metropolitan County Council and
Mayor.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT
OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE:
SECTION 1. The Lease Agreement between The Metropolitan Government of Nashville
and Davidson County and the Nashville Academy Theatre and Nashville Children's
Theatre, for rental in an amount $1.00 per the term of the lease, a copy of
which is attached hereto and incorporated herein, and the same is hereby approved.
SECTION 2. The rent shall be paid by the Nashville Academy Theatre and Nashville
Children's Theatre upon execution of the Lease Agreement.
SECTION 3. That the term of this Lease Agreement be no longer than fifteen years,
with Options of Renewal in three (3) consecutive five (5) year terms, but in
no way shall the term of this Lease Agreement exceed thirty (30) years.
SECTION 4. That the Director of Public Property Administration shall have authority
to approve any and all expansion and/or renovation projects presented by and
for the Nashville Academy Theatre and Nashville Children's Theatre.
SECTION 5. That any amendments to this Lease Agreement shall be approved by
resolution of the Metropolitan Council receiving twenty-one affirmative votes.
SECTION 6. That
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: David Briley
AMENDMENT NO. 1
TO
ORDINANCE NO. BL2004-127
Mr. President:
I move to amend Ordinance No. BL2004-127 by substituting the language in Section 1 thereof with the following provision:
“The Lease Agreement between The Metropolitan Government of Nashville and Davidson County and the Nashville Academy Theatre and Nashville Children’s Theatre, for rental in an amount $15.00 per the term of the lease, a copy of which is attached hereto and incorporated herein, and the same is hereby approved.”
Sponsored by: Brenda Gilmore
AMENDMENT NO. 2
TO
ORDINANCE NO. BL2004-127
Mr. President:
I move to amend Ordinance No. BL2004-127 by adding the attached addendum to the Lease Agreement.
Sponsored by: Brenda Gilmore
LEGISLATIVE HISTORY |
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Introduced: | January 20, 2004 |
Passed First Reading: | January 20, 2004 |
Referred to: | Planning
Commission – Approved 8-0 (12/11/03) Budget & Finance Committee Planning & Zoning Committee |
Amended: | February 3, 2004 |
Passed Second Reading: | February 3, 2004 |
Passed Third Reading: | February 17, 2004 |
Approved: | February 18, 2004 |
By: | ![]() |