ADOPTED 07/21/1998

WHEREAS, the Metropolitan Government adopted Resolution No. R98-1068 on March 17, 1998 supporting the allocation of low income housing tax credits for the development of Vine Hill Homes; and

WHEREAS, pursuant to the Tennessee Housing Authorities Act, the Metropolitan Government has heretofore executed cooperation agreements with the Metropolitan Development and Housing Agency (the "Agency") in support of low-rent housing projects funded by the federal government and administered by the Agency; and

WHEREAS, the Agency received a HOPE VI Implementation Grant from the Department of Housing and Urban Development for the revitalization of Vine Hill Homes and is applying for Low Income Tax Credits from the Tennessee Housing Development Agency for the demolition of the existing duplexes at Vine Hill Homes and for the construction of 187 new affordable rental housing units at the site; and

WHEREAS, the Metropolitan Government is desirous of assisting and cooperating with the Agency in such undertaking by entering into a Cooperation Agreement, a copy of which is attached hereto as Exhibit "A" (the "Cooperation Agreement");

SECTION 1. The Metropolitan Government is authorized to enter into the Cooperation Agreement with the Agency, by which it undertakes to furnish to the Agency and the Project residents the same type and level of public services and facilities that are provided without cost or charge to other dwellings and inhabitants of the community at large, and the Metropolitan Mayor is authorized to execute such an agreement.

SECTION 2. That this Resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored By: Eileen Beehan