A resolution approving the exercise of an option agreement for the purchase of certain flood prone property, 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 property; and,

Whereas, the property listed below and incorporated herein as Exhibit A is flood-prone; and,

Property Map and Parcel:    Property Address:    District
162-10-0 028.00                  641 Brook Drive           32

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 document attached to this resolution as Exhibit B, an option permitting the Metropolitan Government to purchase the property has 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 property; and,

Whereas, the purchase of the property, 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 agreement attached hereto and incorporated herein as Exhibit B, 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: Parker Toler, Sam Coleman

LEGISLATIVE HISTORY
Referred:	Planning Commission - Approved Budget & Finance Committee  Public Works Committee Planning & Zoning Committee
Introduced:	June 6, 2006
Adopted:	June 6, 2006
Approved:	June 7, 2006
By: