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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 E3 Construction Services, LLC, to provide water service improvements for E3 Construction’s proposed development, as well as other existing properties in the area (MWS Project No. 23-WL-0062 and Proposal No. 2025M-040AG-001).
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WHEREAS, pursuant to the terms of the participation agreement, attached hereto as Exhibit 1, E3 Construction Services, LLC (“DEVELOPER”) in compliance with all Metropolitan Government of Nashville and Davidson County (“METRO”) requirements and specifications, has expressed a desire to improve the public water service to serve its development Monticello Offsite and existing properties in the area, as shown in Exhibit 2 hereto attached, Project No. 23-WL-0062; 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 fifty percent (50%) of the actual project costs not to exceed Five Hundred Twenty-Three Thousand Dollars ($523,000.00) 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 E3 Construction Services, LLC, attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is authorized to execute the same.
Section 2. Five Hundred Twenty-Three Thousand Dollars ($523,000.00)) from METRO is available in Fund No. 47410 to pay the lesser of fifty (50%) of the actual project costs or Five Hundred Twenty-Three Thousand Dollars ($523,000.00) 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 E3 Construction Services, LLC (“Developer”), to provide sanitary sewer service improvements for Developer’s proposed development, as well as other existing properties in the area.
The agreement allows the Developer to design and install approximately 2,429 linear feet of new 12-inch water main (DIP) and five fire hydrant assemblies, to serve residents of the development near Brick Church Pike. 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 50 percent of the actual project costs or $523,000 as part of the agreement. All improvements must be operational by January 1, 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 50% of the actual project costs, not to exceed $523,000, as contribution toward the construction of approximately 2,429 linear feet of new 12-inch water main (DIP) and five fire hydrant assemblies at the Monticello offsite water service improvements.