A resolution approving the exercise of option agreements for the purchase of certain flood prone properties, for Metro Water Services Project No. 02-D-149 (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 properties ("Properties") listed below and incorporated herein as collective Exhibit A are 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 to this resolution as Exhibit B, options permitting the Metropolitan Government to purchase the Properties have been obtained; and,

Whereas, the Metropolitan Government has received a $1,971,765 federal grant to fund a substantial part of the purchase of the Properties; and,

Whereas, the purchase of the Properties, identified as Metro Water Services Project No. 02-D-149, 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 that:

Section 1. The Director of Public Property, or his designee, is hereby authorized to exercise the option agreements attached hereto and incorporated herein, and to execute such documents as may be necessary to effect the acquisition of the properties 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: Randy Foster, Parker Toler, Amanda McClendon

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Exhibits on file in the Metropolitan Clerk's Office

LEGISLATIVE HISTORY
Referred:	Planning Commission - Approved Budget & Finance Committee Public Works Committee Planning & Zoning Committee
Introduced:	April 18, 2006
Adopted:	April 18, 2006
Approved:	April 19, 2006
By: