A resolution approving the assignment of certain rights and interests of the Cumberland Science Museum as Lessee of Metropolitan Government property.

Whereas, pursuant to an agreement (the "Lease") dated July 1, 1967, the Metropolitan Government leased a certain parcel of property (the "Property") to the Cumberland Museum's ("CSM") predecessor in interest; and

Whereas, the Lease provides that CSM must obtain the consent of the Metropolitan Board of Parks and Recreation and the Metropolitan Council to the assignment of any rights, interests or obligations arising under the Lease; and

Whereas, CSM desires to construct certain improvements (the "Project") on the Property and in order to obtain financing for the Project must assign (the "Assignment") certain of its rights and interests under the Lease; and

Whereas, the Metropolitan Board of Parks and Recreation has consented to the Assignment; and

Whereas, pursuant to the terms of the document attached as Exhibit A and incorporated into this resolution, CSM seeks the consent of the Metropolitan Council to the Assignment; and

Whereas, the citizens of Nashville and Davidson County will benefit from consenting to the Assignment.

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

Section 1. The proposed Assignment (Exhibit A) is hereby approved for execution and delivery by the Metropolitan Mayor.

Section 2. This resolution shall take effect from and after its passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored By: Ludye Wallace, Edward Whitmore

LEGISLATIVE HISTORY
Referred to:	Budget & Finance Committee Parks & Recreation Committee
Introduced:	April 16, 2002
Adopted:	April 16, 2002
Approved:	April 17, 2002
By: