RESOLUTION RS2017-837

A resolution approving an Interlocal Agreement between The Metropolitan Government of Nashville and Davidson County and the Industrial Development Board of the Metropolitan Government for administrative, financial, and legal services.

WHEREAS, The Metropolitan Government of Nashville and Davidson County (“Metropolitan Government”) and the Industrial Development Board of The Metropolitan Government of Nashville and Davidson County (“the Board”), have an interest in the economic development of the Metropolitan Government area; and,

WHEREAS, on May 5, 1959, the Metropolitan County Council of the Metropolitan Government adopted Resolution No. 59-1740 approving the certificate of incorporation of the Board; and,

WHEREAS, the Board is a public corporation performing a public function pursuant to T.C.A. § 7-53-101, et seq. (“the Act”); and,

WHEREAS, enumerated in the certificate of incorporation the Board has the power to employ and pay compensation to such employees and agents, including attorneys as the board of directors shall deem necessary for the business of the corporation; and,

WHEREAS, the Board currently operates with the assistance of key departments in the Metropolitan Government to administer its business and financial transactions and provide legal counsel; and,

WHEREAS, the Board has requested that the Metropolitan Government continue to provide administrative, financial, and legal services for the Board; and,

WHEREAS, the Metropolitan Government has the resources to provide administrative and financial services for the Board through its Mayor’s Office of Economic and Community Development and Department of Finance; and,

WHEREAS, in order to enable the Board to fulfill its obligations under Title 7, Chapter 53 of the Tennessee Code Annotated and its certificate of incorporation, the Metropolitan Government has determined that it will benefit the public welfare to provide administrative, financial, and legal services to the Board; and,

WHEREAS, pursuant to Tennessee Code Annotated Section 12-9-104, et seq., public agencies in Tennessee have the authority to enter into interlocal agreements to achieve common objectives subject to the approval of their respective governing bodies by resolution or as otherwise provided by law; and,

WHEREAS, there has been presented with this resolution the Interlocal Agreement executed by the Board, which is the appropriate instrument to be executed and delivered for the purposes intended; and,

WHEREAS, the Metropolitan Government and the Board wish to enter into such an interlocal agreement.

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

Section 1. That the Interlocal Agreement by and between The Metropolitan Government of Nashville and Davidson County and the Industrial Development Board of The Metropolitan Government of Nashville and Davidson County for administrative, financial, and legal services be and the same is hereby approved and the Metropolitan Mayor is hereby authorized to execute said Interlocal Agreement.

Section 2. 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.

Sponsored by: Tanaka Vercher

Attachments on file in the Metropolitan Clerk's Office

LEGISLATIVE HISTORY
Referred to:	Budget & Finance Committee
Introduced:	September 5, 2017
Adopted:	September 5, 2017
Approved:	September 6, 2017
By: