A resolution approving an Amendment to a Memorandum of Understanding by and among the Metropolitan Government, the Metropolitan Development and Housing Agency, the Industrial Development Board, Struever Bros. Eccles & Rouse Development Holdings LLC, and the Nashville Sounds Baseball Club Limited Partnership.

WHEREAS, by Resolution RS2004-140, the Metropolitan Council created a task force to determine the highest and best use of the property previously occupied by the Nashville Thermal Transfer Plant; and,

WHEREAS, the task force of the Metropolitan Council recommended the property be developed with a new minor league baseball stadium and mixed residential and commercial use development; and,

WHEREAS, the Metropolitan Council accepted the task force's report by Resolution RS2004-461; and,

WHEREAS, in furtherance of the recommended development, the Metropolitan Council approved a Memorandum of Understanding by and among the Metropolitan Government, the Metropolitan Development and Housing Agency, the Industrial Development Board, Struever Bros. Eccles & Rouse Development Holdings LLC, and the Nashville Sounds Baseball Club Limited Partnership by Ordinance BL2005-879; and,

WHEREAS, Ordinance BL2005-879 specified that any amendments to the Memorandum of Understanding may be approved by Resolution of the Metropolitan Council receiving twenty-one affirmative votes; and,

WHEREAS, an Amendment to the Memorandum of Understanding, attached hereto and incorporated herein, has been recommended by the Industrial Development Board and the Metropolitan Development and Housing Agency; and,

WHEREAS, approval of the Amendment will benefit the citizens of Metropolitan Nashville and Davidson County.

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

Section 1. That the Amendment to the Memorandum of Understanding ("Agreement") by and among the Metropolitan Government, the Metropolitan Development and Housing Agency, the Industrial Development Board, Struever Bros. Eccles & Rouse Development Holdings LLC, and the Nashville Sounds Baseball Club Limited Partnership, as attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is authorized to execute the same.

Section 2. That this Ordinance shall take effect from and after its final passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Mike Jameson, Rip Ryman

Attachment(s) on file in the Metropolitan Clerk's Office

LEGISLATIVE HISTORY
Referred:	Budget & Finance Committee Parks Committee
Introduced:	December 19, 2006
Adopted:	December 19, 2006
Approved:	December 20, 2006
By: