RESOLUTION NO. RS2013-560

A resolution accepting a Financial Empowerment Centers Grant from the Cities for Financial Empowerment (“CFE”) Fund to The Metropolitan Government of Nashville and Davidson County, acting by and through the Mayor’s Office of Economic and Community Development, to support municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government.

WHEREAS, the (CFE) Fund has awarded a Financial Empowerment Centers Grant in an amount not to exceed $435,000.00 with an in-kind match of $315,933.00 to The Metropolitan Government of Nashville and Davidson County, acting by and through the Mayor’s Office of Economic and Community Development, to support municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government; 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 COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

Section 1. That the Financial Empowerment Centers Grant by and between the Cities for Financial Empowerment (CFE) Fund in an amount not to exceed $435,000.00 and The Metropolitan Government of Nashville and Davidson County, acting by and through the Mayor’s Office of Economic and Community Development, to support municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government, a copy of which is attached hereto and incorporated herein, is hereby approved.

Section 2. That the amount of this grant is to be appropriated to the Mayor’s Office of Economic and Community Development based upon revenues estimated to be received and any match to be applied.

Section 3. 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: Lonnell Matthews

Attachment(s) on file in the Metropolitan Clerk's Office

LEGISLATIVE HISTORY
Referred to:	Budget & Finance Committee
Introduced:	January 15, 2013
Adopted:	January 15, 2013
Approved:	January 16, 2013
By: