Council approves Project Bailey Phase 1 development agreement with TTL Development LLC
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Summary
The council approved a revised development agreement with TTL Development LLC for Phase 1 of Project Bailey at the West National Commerce Park, adopting clarifications on property definitions, commencement and a five‑year reconveyance trigger tied to statutory completion requirements.
The Town of Nashville council approved a revised development agreement Jan. 6 with TTL Development LLC (developers Travis Phelps and Tom Bridal) for phase 1 of Project Bailey in the West National Commerce Park.
Council members and staff reviewed edits to clarify defined terms, ensure the right parcels are conveyed for phase 1 (three 1.5‑acre lots within a 17‑acre tract), add a requirement that the developer apply for permits within a stated timeframe, and clarify that future phases and conveyances would require separate agreements. Town legal counsel proposed language making reconveyance automatic and without compensation if required statutory completion triggers are not met within five years; counsel described the change as clarification rather than a substantive policy shift.
Councilors asked staff and counsel to review the final draft; several council members volunteered to review the redline changes and verify technical language. The motion to approve the agreement with the discussed changes carried by voice vote.
