Resolution authorizing development agreement for Walnut Street parking garage.

A Resolution authorizing the Mayor to execute a development agreement with Walnut Street Garage, LLC for the transfer of certain real property owned by the City located at the intersection of Summer Place and Locust Street as consideration for the construction of a multi-story parking garage on the property, and which agreement, which incorporates the relevant obligations of a Memorandum of Understanding between the City and TVA, will result in the termination of the MOU.(Requested by Operations)

Source: official minutes (PDF) for October 29, 2013.