ORDINANCE NO. BL2015-1067

An ordinance approving an agreement relating to the sale and redevelopment of the property on which the old convention center is located. (Proposal Number 2015M-009PR-001)

WHEREAS, the Metropolitan Government owns a convention center (the “NCC”) located at 601 Commerce Street, Nashville, Tennessee 37203; and

WHEREAS, the Convention Center Authority of the Metropolitan Government (“Authority”) currently operates the NCC by agreement with the Metropolitan Government; and

WHEREAS, the Authority has constructed and placed into service a new, larger convention center known as the Music City Center, which has made continued operation of the NCC as a venue for conventions unnecessary; and

WHEREAS, the Authority has solicited proposals from interested and qualified businesses for redevelopment of the NCC property for retail, office and other purposes and has selected as best the proposal submitted by OliverMcMillan Spectrum Emery, Inc.; and

WHEREAS, redevelopment of the NCC property as contemplated in the OliverMcMillan Spectrum Emery, Inc. proposal is likely to contribute substantially to economic growth for Nashville and Davidson County and enhance quality of life for its residents; and

WHEREAS, pursuant to the terms of the document attached and incorporated into this ordinance as Exhibit A, the Metropolitan Government proposes to sell the NCC property to OliverMcMillan Spectrum Emery, Inc. for redevelopment.

NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

Section 1. The document attached as Exhibit A to this ordinance and its execution on behalf of the Metropolitan Government are approved.

Section 2. The Director of Public Property Administration or his designee is further authorized to execute the quitclaim deed referenced in the agreement and such other documents as are customary and necessary to effect the sale and other transactions contemplated therein.

Section 3. Amendments to any of the agreements approved by this ordinance must be authorized by resolution of the Metropolitan Council.

Section 4. 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: Erica Gilmore, Bill Pridemore, Edith Taylor Langster, Walter Hunt, Jerry Maynard, Lonnell Matthews , Karen Johnson

If you would like a copy of the attachment to any ordinance or resolution, please email your request to the Metro Clerk's Office at metro.clerk@nashville.gov

LEGISLATIVE HISTORY
Introduced:	April 7, 2015
Passed First Reading:	April 7, 2015
Referred to:	Planning Commission Budget & Finance Committee Convention, Tourism And Public Entertainment Facilities Committee Planning & Zoning Committee
Passed Second Reading:	April 21, 2015
Passed Third Reading:	May 5, 2015
Approved:	May 6, 2015
By:

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