RESOLUTION RS2017-768

A resolution authorizing the execution of a Cooperation Agreement between The Metropolitan Government of Nashville and Davidson County and the Metropolitan Development and Housing Agency.

WHEREAS, pursuant to the Tennessee Housing Authorities Act, the Metropolitan Government of Nashville and Davidson County (the “Metropolitan Government”) has heretofore executed cooperation agreements with the Metropolitan Development and Housing Agency (the “Agency”) in support of housing projects owned by the Agency; and

WHEREAS, the Agency is in the process of converting its traditional public housing under the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration program allowing the Agency to participate in various financial scenarios to ensure the long-term financial security of low income housing; and

WHEREAS, the Metropolitan Government is desirous of assisting and cooperating with the Agency to operate, maintain, construct, and reconstruct mixed income housing including affordable and workforce housing by entering into a Cooperation Agreement, a copy of which is attached hereto as Exhibit A (the “Agreement”); and

WHEREAS, Resolution RS2017-690, as amended, adopted on May 16, 2017, approved the execution of a prior cooperation agreement that requires a technical correction to accomplish the goals of both the Metropolitan Government and the Agency as stated in both this Resolution and RS2017-690.

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

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

Section 2: That this Resolution shall take effect from and after its adoption, the welfare of the Metropolitan Government requiring it.

Sponsored by: John Cooper

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LEGISLATIVE HISTORY
Referred to:	Budget & Finance Committee
Introduced:	July 6, 2017
Adopted:	July 6, 2017
Approved:	July 10, 2017
By: