DATE: March 8, 2017
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator - Community/Economic Development
Emily Hunter, Planning & Sustainability Director
Kelly Dannenfelser, Long Range Planning Supervisor
SUBJECT:
title
Consideration Of Resolution 2017-72, A Resolution Initiating The Development Of A Lease Agreement For The 54-Acre, City-Owned Property Located Along The Harpeth River, South Of Mack Hatcher Pkwy And West Of Franklin Road. (3/14/17 Work Session and 7/12/17 and 8/5/17 Special Work Session, 08/08/17 and 9/12/17 Work Session.)
body
Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the Letters of Interest received and next steps.
Background
In September 2016, Cheekwood Golf Club submitted a request to lease the 54-acre, City-owned property and expand its operations across Mack Hatcher Parkway. The BOMA discussed the request at a subsequent Work Session and asked City staff to publish a public invitation for letters of interest regarding the possibility of a long-term lease with a third party for improvements and operations of the property, much of which is in the 100-year floodplain.
The purpose of this invitation to submit Letters of Interest was to:
* Assist the City in analyzing opportunities available for future improvement and/or development of this Property;
* Enable all interested parties an opportunity to submit Letters of Interest; and
* Allow for public input on all Letters of Interest received.
Three Letters of Interest submittals were received and their documentation is included in the attachments. They are as follows:
1. The Children's Museum Corporation of Rutherford County dba Discovery Center submitted a Letter of Interest declaring intent to investigate the feasibility of acquiring the City-owned property for the purposes of developing an approximately 45,000 square-foo...
Click here for full text