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A resolution approving a participation agreement between the Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Department of Water and Sewerage Services, and Proffitt Dixon Partners, to provide sanitary sewer service improvements for Proffitt’s proposed development, as well as other existing properties in the area (MWS Project No. 24-SL-0127 and Proposal No. 2025M-036AG-001).
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WHEREAS, pursuant to the terms of the participation agreement, attached hereto as Exhibit 1, Proffitt Dixon Partners (“DEVELOPER”) in compliance with all Metropolitan Government of Nashville and Davidson County (“METRO”) requirements and specifications, has expressed a desire to improve the public sanitary sewer service to serve its development Stockyards 900 Block and existing properties in the area, as shown in Exhibit 2 hereto attached, Project No. 24-SL-0127; and,
WHEREAS, METRO will inspect the construction and upon acceptance, will be responsible for ongoing operation and maintenance; and,
WHEREAS, METRO agrees to pay the lesser of thirteen percent (13%) of the actual project costs not to exceed One Hundred Thirty Thousand Dollars ($130,000.00) as a contribution towards these improvements; and,
WHEREAS, BL2022-1214 authorizes the Metropolitan Department of Water and Sewerage Services to enter into participation agreements funding infrastructure with developers by resolution of the Metropolitan Council; and
WHEREAS, the Project is deemed to benefit both parties and the general community.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Participation Agreement (Exhibit 1) between the Metropolitan Government of Nashville and Davidson County, acting by and through the Department of Water and Sewerage Services, and Proffitt Dixon Partners, attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is authorized to execute the same.
Section 2. One Hundred Thirty Thousand Dollars ($130,000.00) from METRO is available in Fund No. 47335 to pay the lesser of thirteen (13%) of the actual project costs or One Hundred Thirty Thousand Dollars ($130,000.00) as a maximum contribution towards the Project.
Section 3. This resolution shall take effect from and after its final passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution approves a participation agreement between the Metropolitan Department of Water and Sewerage Services (“Metro”) and Proffitt Dixon Partners (“Developer”) to provide sanitary sewer service improvements for Proffitt’s proposed development, Stockyards 900, as well as other existing properties in the area.
The agreement allows the Developer to design and install approximately 287 linear feet of 12-inch DIP sewer main, 175 linear feet of 12-inch PVC sewer main, and four sewer manholes, to serve residents near 900 2nd Avenue North. Metro will inspect the construction upon completion and will be responsible for ongoing operation and maintenance upon acceptance. Metro will pay the lesser of either 13 percent of the actual project costs or $130,000 as part of the agreement. All improvements must be operational by March 31, 2026, or the contract will be null and void.
Ordinance No. BL2022-1214 allows Metro to enter into participation agreements to fund infrastructure with developers by resolution of the Metropolitan Council. The Metropolitan Planning Commission has recommended approval of the agreement.
Fiscal Note: Metro will pay 13% of the actual project costs, not to exceed $130,000, as contribution towards the sanitary sewer improvements.