[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-279842-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-279842-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","vumcletterofintent-executed-march-23-2022-lease-of-real-estate","VUMC+Letter+of+Intent+-+Executed - March 23, 2022 - Lease of Real Estate","","Letter of intent outlines proposed real estate lease terms between the Metropolitan Government of Nashville and Davidson County and Vanderbilt University Medical Center, effective March 23, 2022. The proposal covers Metro’s purchase of fee interest in portions of the former Hickory Hollow Mall site, with VUMC leasing designated properties subject to negotiation. It specifies premises identification, a 30-year initial term, rent commencement triggers, capital improvements responsibilities, maintenance obligations, permitted uses including an optional FQHC component, parking and sign rights, and an exclusive use restriction for retained areas.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/vumcletterofintent-executed-march-23-2022-lease-of-real-estate/279842/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/vumcletterofintent-executed-march-23-2022-lease-of-real-estate/279842.png","ImageObject",442,249,{"name":42,"@type":43},"Asher","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-18","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",8,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"Who are the parties to this letter of intent, and when is it effective?","Question",{"text":63,"@type":64},"The parties are the Metropolitan Government of Nashville and Davidson County (“Metro”) and Vanderbilt University Medical Center (“VUMC”). The effective date is March 23, 2022.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What property is included and what is excluded from the leased premises?",{"text":68,"@type":64},"The leased premises are identified in Exhibit A and include specified buildings, parking areas, access areas, and landscaped areas. Areas identified in Exhibit B as “Retained Metro Areas” are excluded.",{"name":70,"@type":61,"acceptedAnswer":71},"When does rent begin and what is the initial lease term?",{"text":72,"@type":64},"The initial lease term is 30 years. Rent payments start on the earlier of VUMC occupying substantially all properties as shown by certificates of occupancy, or 12 months after lease execution.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},279842,1789528353,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,114,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},17,"Forms",40,"forms",{"id":115,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":116,"slug":117},18,30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":115,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":136,"language":137,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":12,"update_tm":80,"read_time":30},687197207639,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","LETTER OF INTENT FOR LEASE OF REAL ESTATE  \nTHIS LETTER OF INTENT (this \"LOI\") is between the Metropolitan Government ofNashville and Davidson County (\"Metro\") and Vanderbilt University Medical Center (\"VUMC\") as ofMarch􀃈􀃉 , 2022 (the \"Effective Date\").  \nMetro proposes to purchase the fee interest in certain properties comprising part of the site of the former Hickory Hollow Mall. VUMC proposes to lease those properties, except certain areas to be retained by Metro, pursuant to a lease (the \"Lease\") to be negotiated between the parties and having terms as provided herein.  \nl.  The Leased Premises. The properties (the \"Properties\") comprising the leased premises   are identified Exhibit A to this LOI, including the buildings thereon, parking area, access   areas, and landscaped areas and will be identified in more detail during the negotiation of   the Lease. The Properties include approximately 600,000 square feet of enclosed space   and surface parking to be more precisely identified during negotiation of the Lease.  Excluded from the Properties are the areas identified on Exhibit Bas the \"Retained Metro Areas.\" VUMC acknowledges that Metro plans to use the Retained Metro Areas primarily for parking to serve Metro's facilities.VUMC acknowledges that Metro does not currently own either of the Properties but will seek to acquire both. Metro's acquisition of the Properties, the Lease, and related transactions will be subject to the approval of the Metropolitan Council. Metro shall deliver the Properties to VUMC free ofany leases and without any title exceptions that would materially interfere with the operation of the Properties by VUMC as permitted under the Lease. VUMC shall have the right to record a Memorandum of Lease related to the Lease.  \n2. Term. The initial term (\"Term\") of the Lease will be 30 years, beginning on a date agreeable to both parties that is no earlier than the expiration of the due diligence·period described herein and no earlier than 30 days after Metro obtains ownership of the Properties. The parties will negotiate in good faith on the terms of any extension of the Term beyond 30 years.  \n3. Rental Rate. VUMC will pay a monthly rental rate to be more precisely identified during   negotiation of the Lease. Rent payments shall not commence until the earlier to occur of  \n(i) VUMC occupying substantially all of the Properties as evidenced by the issuance of certificates of occupancy or (ii) 12 months from the date of execution of the Lease. In negotiating the monthly rental rate, the parties, will take into account the cost to acquire the Properties including any debt service of Metro related thereto.  \n4. Capital Improvements and Costs.  Before the Lease becomes effective, Metro, at   Metro's cost, will repair the public rights of way providing access roads to the Properties   and publicly owned portions ofthe perimeter road around the Properties to commercially   reasonable condition.  VUMC will at all times be responsible for and pay all costs associated with making the improvements and modifications to the Properties necessary for VUMC to conduct its business. Metro will cooperate in VUMC's application for any permits necessary for the making ofsuch improvements and modifications. Metro will not be required to adopt or support any change in law or the waiver ofany otherwise applicable law, rule, or regulation. VUMC will have the right from time to time during the Term to modify, replace and construct new structures that are not the same size, location or style of the existing improvements, subject to the terms of any applicable operating agreement  \n09296\\0 I0\\4041360.v4  \ncovering the Properties and other properties comprising the overall campus. VUMC will promptly remove any mechanic's lien filed against the Properties after receiving notice thereof. VUMC will not permit the Properties to be used as security for any financial obligation of VUMC.  \n5. Maintenance. VUMC will maintain the improvements","cbCaig3jSjc9qe8v","https://ap.wps.com/l/cbCaig3jSjc9qe8v","pdf",848854,7,"English","# Letter of Intent for Lease of Real Estate\n## The Leased Premises\n## Term\n## Rental Rate\n## Capital Improvements and Costs\n## Maintenance\n## Uses\n## Parking\n## Signs\n## Exclusive Use\n## Metro Financing","[{\"question\":\"Who are the parties to this letter of intent, and when is it effective?\",\"answer\":\"The parties are the Metropolitan Government of Nashville and Davidson County (“Metro”) and Vanderbilt University Medical Center (“VUMC”). The effective date is March 23, 2022.\"},{\"question\":\"What property is included and what is excluded from the leased premises?\",\"answer\":\"The leased premises are identified in Exhibit A and include specified buildings, parking areas, access areas, and landscaped areas. Areas identified in Exhibit B as “Retained Metro Areas” are excluded.\"},{\"question\":\"When does rent begin and what is the initial lease term?\",\"answer\":\"The initial lease term is 30 years. Rent payments start on the earlier of VUMC occupying substantially all properties as shown by certificates of occupancy, or 12 months after lease execution.\"}]","VUMC+Letter+of+Intent+-+Executed - March 23, 2022 - Lease of Real Estate | PDF"]