ORDINANCE NO. BL2016-150

An ordinance authorizing the Director of Public Property Administration to execute a quitclaim deed for any property interests the Metropolitan Government may have in a portion of the right-of-way of Korean Veterans Boulevard, and accepting consideration for same in the amount of $277,000.00 (Proposal No. 2016M-003AB-001).

WHEREAS, a portion of Korean Veterans Blvd right-of-way between 7th Avenue South and the round-about was acquired through Condemnation in the name of The Metropolitan Government of Nashville and Davidson County, by the Attorney General’s Office for Federal Project No. STP-M/HPP-5333(3) and State Project No. 19LPLM-F2-062, approved by RS2010-1106; and,

WHEREAS, the Department of Transportation’s Excess Land Committee has recently evaluated a request to purchase the portion of the property in question and concluded that the property is surplus to highway needs and approved the requested conveyance; and,

WHEREAS, through the Department of Transportation’s Excess Land process it was determined, and the State and buyer agreed, that the fair value of this property amounts to One Million Three Hundred Eighty-Five Thousand Dollars and no/100 dollars ($1,385,000.00); and,

WHEREAS, Frank Ghertner, the buyer, has tendered the value to the State and the Metropolitan Government to acquire the property; and,

WHEREAS, the Metropolitan Government does not have any future use for this property for any public purpose; and,

WHEREAS, the State is requesting that the Metropolitan Government quitclaim any interest it may have in the property; and,

WHEREAS, it was further determined through the Department of Transportation’s Excess Land process that the Metropolitan Government's share of the total amount of the consideration to be paid by in exchange for the quitclaim would consist of Two Hundred Seventy Seven Thousand and no/100 dollars ($277,000.00) as the tract was acquired with 80 percent federal funds and 20 percent local funds; and,

WHEREAS, it is in the parties’ best mutual interests to cooperate in quitclaiming the property to the buyer and to accept and fairly divide the consideration being tendered for that conveyance.

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

Section 1. That the Director of Public Property Administration is authorized to execute quitclaim deed attached hereto as Exhibit A and referenced herein conveying such interests as the Metropolitan Government may have in the areas described therein, further shown in a sketch attached hereto as Exhibit B, and to close on the transaction in exchange for the payment of Two Hundred Seventy Seven Thousand and no/100 dollars ($277,000.00).

Section 2. That the Metropolitan Government is hereby authorized to accept its share of the consideration received for quitclaiming any rights in may have in the properties referenced in the quitclaim, in the amount of Two Hundred Seventy Seven Thousand and no/100 dollars ($277,000.00).

Section 3. That this Ordinance shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Freddie O'Connell, Bill Pridemore, Jeremy Elrod

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:	February 16, 2016
Passed First Reading:	February 16, 2016
Referred to:	Planning Commission - Approved Traffic & Parking Commission - Approved Budget & Finance Committee Public Works Committee Planning & Zoning Committee Traffic, Parking, and Transportation Committee
Passed Second Reading:	March 1, 2016
Passed Third Reading:	March 15, 2016
Approved:	March 16, 2016
By:

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