A resolution authorizing the Metropolitan Mayor to enter into Supplemental Agreement No. 500,572 with Nashville and Eastern Railroad Corporation, allowing the Department of Water and Sewerage Services to increase the rental fee for the sewer line at M.P.1.14, Nashville, Tennessee.

WHEREAS, Nashville and Eastern Railroad Corporation “the railroad” owns and maintains railroad tracks in Davidson County and some surrounding counties; and

WHEREAS, the Metropolitan Department of Water and Sewerage Services needs to retain their existing lease in the railroad right-of-way located at M.P. 1.14, Nashville, Tennessee; and,

WHEREAS, the railroad seeks to increase the annual rent to $28.62, to be further adjusted every three years thereafter, as stated in Supplemental Agreement No. 500,572, a copy of which is attached hereto as Exhibit A; and

WHEREAS, that Metropolitan Ordinance No. 98-1364 authorizes all future agreements to be approved by resolution.

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

SECTION 1: That Supplemental Agreement No. 500,572 is approved and incorporated herein, and the Metropolitan Mayor is authorized to execute the same.

SECTION 2: That this Resolution shall take effect from and after its adoption, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Ludye Wallace, Brenda Gilmore

LEGISLATIVE HISTORY
Referred:	Budget & Finance Committee Public Works Committee
Introduced:	June 1, 2004
Adopted:	June 1, 2004
Approved:	June 2, 2004
By: