title
A resolution accepting a Financial Empowerment Center Legacy Planning Implementation Grant from the Cities for Financial Empowerment Fund to the Metropolitan Government, acting by and through the Office of the Mayor, for the continued support of the Nashville Financial Empowerment Center.
body
WHEREAS, the Cities for Financial Empowerment Fund, Inc., has awarded its Financial Empowerment Center Legacy Planning Implementation Grant in the amount of $50,000 with no cash match (the “Grant”) to the Metropolitan Government, acting by and through the Office of the Mayor, for the purposes of continuing the Nashville Financial Empowerment Center, operated in partnership with the United Way of Middle Tennessee, which provides financial counseling and coaching to residents of Metropolitan Nashville-Davidson County; and,
WHEREAS, the Grant will allow the Metropolitan Government to incorporate legacy planning into the services provided by the Nashville Financial Empowerment Center; and,
WHEREAS, it is to the benefit of the citizens of the Metropolitan Government that the Grant be accepted.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the grant contract for the Financial Empowerment Center Legacy Planning Implementation Grant by and between the Metropolitan Government, acting by and through the Office of the Mayor, and the Cities for Financial Empowerment Fund, Inc., for the continued support of the Nashville Financial Empowerment Center, a copy of which in substantially the form is attached hereto as Attachment A and incorporated herein, is hereby approved, and that the Metropolitan Mayor, or his designee, is authorized to execute the same, with such reasonable insertions of CFE Fund exhibits, updates, or supplements of information to complete the grant contract as required by the CFE Fund.
Section 2. That the amount of the Grant, based upon actual amounts received, shall be appropriated to the Office of the Mayor for the purposes of the Grant.
Section 3. That this Resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution accepts a Financial Empowerment Center Legacy Planning Implementation Grant from the Cities for Financial Empowerment Fund to the Office of the Mayor for the continued support of the Nashville Financial Empowerment Center (“FEC”).
The grant funds would support the FEC by encorporating legacy planning services into the center’s model and for general FEC operations. The grant amount is $50,000 with no required cash match. The grant would be effective on March 1, 2025, and would end on February 28, 2027.