DATE: March 26, 2020
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Shauna Billingsley, City Attorney
Paul Holzen, Director of Engineering
Jimmy Wiseman, Assistant Director of Engineering
SUBJECT:
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COF Contract No. 2019-0323 Quitclaim Deed Of Surplus Right-Of-Way To Satisfy COF Contract 2009-0040 Road Impact Offset Agreement.
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning quitclaim deed of City owned right-of-way to the adjacent property owner.
Background
Part of the COF 2009-0040 agreement required the City of Franklin to convey the Surplus Property by instrument mutually agreeable to both parties located on the northeast corner of the intersection of McEwen Drive and Carothers Parkway to the Developer, Crescent Communities, LLC. Contract 2019-0323 a Quitclaim Deed with Crescent Communities, LLC satisfies this condition of the original agreement.
Financial Impact
There is no financial impact to the City of Franklin.
Recommendation
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This agreement was entered under the authority granted to the City Administrator by the Board of Mayor and Aldermen.