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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 Metro Nashville Airport Authority, to provide water service improvements for MNAA’s proposed development, as well as other existing properties in the area (MWS Project No. 23-WL-0033 and Proposal No. 2024M-021AG-001).
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WHEREAS, pursuant to the terms of the participation agreement, attached hereto as Exhibit 1, Metro Nashville Airport Authority (“MNAA”) 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 MNAA Redundant Water Main and existing properties in the area, as shown in Exhibit 2 hereto attached, Project No. 23-WL-0033; 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 Two Million Fifteen Thousand Six Hundred Twenty-Six Dollars ($2,015,626.00) 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, LET IT BE 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 Metro Nashville Airport Authority, attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is authorized to execute the same.
Section 2. Two Million Fifteen Thousand Six Hundred Twenty-Six Dollars ($2,015,626.00) from METRO is available in Fund No. 47335 to pay the lesser of fifty percent (50%) or Two Million Fifteen Thousand Six Hundred Twenty-Six Dollars ($2,015,626.00) as a 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 (“MWS”) and the Metro Nashville Airport Authority (“MNAA”).
Ordinance No. BL2022-1214 allows MWS to enter into participation agreements to fund infrastructure with developers by resolution of the Metro Council. The Metropolitan Planning Commission has recommended approval of the resolution.
Pursuant to the terms of the participation agreement, MNAA will improve the public water service to serve its development MNAA Redundant Water Main and existing properties in the area. The improvements would consist of designing and installing a new 24-inch water line within the airport property, between the terminal watermain extension and the new airport pressure zone pump station located near the intersection of McGavock Pike and Knights of Columbus Boulevard, to increase serviceability and potential water quantity for the airport pressure zone. MWS agrees to pay 50% of the actual project costs not to exceed $2,015,626.
Fiscal Note: Metro will pay 50% of the actual project costs not to exceed $2,015,626 as a contribution toward these improvements.