A resolution accepting a grant from the United States Federal Highway Administration Transportation and Community and System Preservation Pilot Program to The Metropolitan Government of Nashville and Davidson County, acting through the Metropolitan Development and Housing Agency, for the Rolling Mill Hill Cumberland River Greenway Connection and Streetscape Improvements related to the revitalization of the Rolling Mill Hill site

Whereas, Metro Ordinance BL2003-1513 approved the disposition of certain real property owned by The Metropolitan Government of Nashville and Davidson County commonly known as Rolling Mill Hill (Property) located at Hermitage Avenue, Franklin Street and Peabody Street, (Tax Map 93-11, Parcels 85, 105, 106, 107, 108, 242 and Map 93-7, Part of Parcel 41) to the Metropolitan Development and Housing Agency, to redevelop the property as a mixed use development and to provide housing opportunities in downtown Nashville and return the property to the tax rolls of the county; and

Whereas, United States Federal Highway Administration, acting though the State of Tennessee, Department of Transportation, has awarded a grant in an amount not to exceed five hundred thousand dollars ($500,000) to The Metropolitan Government of Nashville and Davidson County through the Metropolitan Development and Housing Agency, for the proposed a Rolling Mill Hill Cumberland River Greenway Connection and Streetscape; and

Whereas, the Metropolitan Development and Housing Agency will administer the grant, which requires no local match of funds, on behalf of The Metropolitan Government of Nashville and Davidson County; and

Whereas, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this grant be accepted.

Now, therefore, be it resolved by the Metropolitan Council of The Metropolitan Government of Nashville and Davidson County:

Section 1. That the funds be accepted and a grant contract by and between the State of Tennessee, Department of Transportation, The Metropolitan Government of Nashville and Davidson County and the Metropolitan Development and Housing Agency, for implementation of the proposed Rolling Mill Hill Cumberland River Greenway Connection and Streetscape Improvements, in an amount not to exceed five hundred thousand dollars ($500,000), a copy of which is attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is authorized to execute the same.

Section 2. That the Metropolitan Development and Housing Agency is hereby authorized to administer this grant on behalf of The Metropolitan Government of Nashville and Davidson County.

Section 3. That this Resolution shall take effect from and after its final passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.