A resolution approving an application for a Fast Track Infrastructure Development Program grant from the Tennessee Department of Economic and Community Development to The Metropolitan Government of Nashville and Davidson County, for conversion of a technology business incubator.

WHEREAS, the Tennessee Department of Economic and Community Development is accepting applications for its fast track infrastructure development program; and,

WHEREAS, the Metropolitan Government is eligible to participate in this grant program; and,

WHEREAS, it is to benefit the citizens of The Metropolitan Government of Nashville and Davidson County that this grant application be approved and submitted.

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

Section 1. That the Metropolitan Government's application for a Fast Track Infrastructure Development Program grant for conversion of a technology business incubator, with an estimated award of $ 500,000, and an estimated required match of $ 333,500, a copy of which is attached hereto and incorporated herein, is hereby approved, the Metropolitan Mayor is authorized to execute the same, and said application is authorized to be submitted to the Tennessee Department of Economic and Community Development.

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: Amanda McClendon, Parker Toler

Attachment on file in the Metropolitan Clerk's Office

LEGISLATIVE HISTORY
Referred:	Budget & Finance Committee Public Works Committee
Introduced:	February 7, 2006
Adopted:	February 7, 2006
Approved:	February 8, 2006
By: