A resolution approving the exercise of an option agreement for the purchase of certain property located along Seven Mile Creek, for Metro Water Services Project No. 02-D-149B (Proposal No. 2002M-111U-12).

Whereas, it is in the public interest for the Metropolitan Government to acquire certain flood-prone properties; and,

Whereas, the property (“Property”) shown on Map 147-7, Parcel 001.00 is flood-prone; and,

Whereas, Section 2.24.250(F) of the Metropolitan Code of Laws provides:

“ Where land in fee simple is being purchased for purposes other than for rights-of-way for highways, streets, roads, alleys and other places for vehicular traffic, the Director of Public Property shall negotiate for the purchase of such property and seek to obtain from the owner an option to sell to the Metropolitan Government at a fixed price subject to the approval of the Metropolitan Council by resolution, and no purchase shall be consummated until it has been so approved by the metropolitan council”; and,

Whereas, pursuant to the terms of the documents collectively attached as Exhibit A to this resolution, options permitting the Metropolitan Government to purchase the Property have been obtained; and,

Whereas, the Metropolitan Government has received a $1,062,562 federal grant and a $133,967 state grant to fund a substantial part of the purchase of the Property; and,

Whereas, the purchase of the Property, identified as Metro Water Services Project No. 02-D-149B, Seven Mile Creek Buyout, has been funded under Capital Improvements Budget No. 02DG0013 and approved by the Metropolitan Planning Commission on October 29, 2002, Proposal Number 2002M-111U-12.

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

Section 1. The Director of Public Property, or his designee, is hereby authorized to exercise the purchase options attached as Exhibit A and to execute such documents as may be necessary to effect the acquisition of the Property by the Metropolitan Government.

Section 2. 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: Greg Adkins

LEGISLATIVE HISTORY
Referred:	Planning Commission – Approved 7-0 (October 24, 2002) Budget & Finance Committee Public Works Committee Planning & Zoning Committee
Introduced:	December 7, 2004
Adopted:	December 7, 2004
Approved:	December 8, 2004
By: