RESOLUTION NO. RS2014-988

A resolution amending Substitute Resolution RS2012-489 appropriating $1,050,000 of income from the Capitol Mall Urban Development Action Grant (UDAG) to the Metropolitan Development and Housing Agency for the benefit of affiliates of HCA Holdings, Inc., including Parallon Business Solutions, LLC, HealthTrust Purchasing Group, L.P., and Sarah Cannon Holdings, LLC, and for job recruitment efforts.

WHEREAS, by Ordinance No. 090-1112, the Metropolitan County Council (“Metro Council”) of the Metropolitan Government of Nashville and Davidson County allocated a portion of payments received in connection with the Capitol Mall Urban Development Action Grant (UDAG) to be used to provide economic activities that provide direct benefit to persons residing within Nashville’s designated Pocket of Poverty; and

WHEREAS, by Substitute Resolution RS2012-489 the Metro Council appropriated $1,050,000 of income from the Capitol Mall Urban Development Action Grant (UDAG) to the Metropolitan Development and Housing Agency to assist HCA Holdings, Inc. (“HCA”) in the relocation of the headquarters and central business operations of certain of its subsidiaries to a facility that was to be developed by West End Summit Development, LLC at 1600 West End Avenue (the “1600 West End Avenue Property”), which was within Nashville’s designated Pocket of Poverty; and

WHEREAS, HCA’s applicable subsidiary has terminated its agreement with West End Summit Development, LLC in connection with the 1600 West End Avenue Property, and HCA now proposes to relocate the headquarters and central business operations of its subsidiaries, Parallon Business Solutions, LLC, HealthTrust Purchasing Group, L.P., and Sarah Cannon Holdings, LLC (collectively, the “HCA Entities”), to a 700000 - 850000 square foot facility (the “Project”) that (a) will be developed by WCP Properties, LLC, a subsidiary of HCA (“WCP Properties”), (b) will be located at the intersection of Charlotte Avenue and 11th Avenue North (which is within Nashville’s designated Pocket of Poverty), and (c) is expected to be completed in 2016; and

WHEREAS, the HCA Entities will enter into one or more lease or sublease agreements with WCP Properties for approximately 475,000 - 500,000 rentable square feet of office space at the Project; and

WHEREAS, HCA anticipates that the relocation of the headquarters and central business operations of such subsidiaries to the Project and the expansion of the operations of such subsidiaries will result in the creation of over 1,000 Project-based positions for personnel of the HCA Entities within five years following completion of the Project (excluding positions already based within the geographic boundaries of the Metropolitan Government, other than certain positions of Parallon Business Solutions, LLC temporarily based at the Metro Center in Nashville) and that many of such positions are likely to be filled by individuals residing within the designated Pocket of Poverty in Nashville; and

WHEREAS, UDAG funds allocated to the HCA Entities will be used to reimburse the HCA Entities that occupy the Project for documented expenses related to moving and relocation costs and purchase and installation of office furniture and equipment, including information technology equipment; and
WHEREAS, UDAG funds allocated for job recruitment efforts will be used to promote employment opportunities at the Project for the benefit of residents living within Nashville’s designated Pocket of Poverty.

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

Section 1. That $1,000,000 in Urban Development Action Grant funds are hereby appropriated to the Metropolitan Development and Housing Agency for the benefit of the HCA Entities that occupy a portion of the Project.

Section 2. That the UDAG funds so appropriated shall be used to reimburse the HCA Entities that occupy the Project for documented expenses incurred after August 31, 2012 related to moving and relocation costs and purchase and installation of office furniture and equipment, including information technology equipment.

Section 3. That $50,000 in Urban Development Action Grant funds are hereby appropriated to the Metropolitan Development and Housing Agency to be used for job recruitment and job fairs to promote and increase the employment opportunities at the Project to benefit residents living within Nashville’s designated Pocket of Poverty.

Section 4. That this resolution shall take effect from and after its passage, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Erica Gilmore, Ronnie Steine

If you would like a copy of the attachment to any ordinance or resolution, please email your request to the Metro Clerk's Office at metro.clerk@nashville.gov

LEGISLATIVE HISTORY
Referred to:	Budget & Finance Committee Federal Grants Review Committee
Introduced:	February 18, 2014
Adopted:	February 18, 2014
Approved:	February 19, 2014
By: