RS2026-2267: A resolution approving an option agreement between the Metropolitan Government of Nashville and Davidson County and Hawkins Nashville L.L.C. and 915 Hawkins LLC authorizing the purchase of certain property located at 930 South Street and 1001 Hawkins Street (Parcel Nos. 10502050800 and10501061100); (Proposal No. 2026M-005PR-001).

Description

A resolution approving an option agreement between the Metropolitan Government of Nashville and Davidson County and Hawkins Nashville L.L.C. and 915 Hawkins LLC authorizing the purchase of certain property located at 930 South Street and 1001 Hawkins Street (Parcel Nos. 10502050800 and10501061100); (Proposal No. 2026M-005PR-001).

Summary

The resolution authorizes Nashville and Davidson County to enter an option agreement to purchase properties at 930 South Street and 1001 Hawkins Street from Hawkins Nashville, L.L.C. and 915 Hawkins LLC. The proposed purchase price is $14,975,000. Under Metro Code, Council approval is required before the purchase of land can proceed. The Public Property Administration director may execute the necessary documents. The properties include land, buildings, fixtures, equipment, and furnishings. The agreement requires inspections, acceptable title, Council approval, and vacancy or lease termination conditions before closing. The legislation matters because it would commit Metro to acquiring significant downtown property for future public-government use, subject to contractual safeguards and funding approval.