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A resolution approving an application for a TVA Energy Right Business & Industry Incentives Program grant from the Tennessee Valley Authority and Nashville Electric Services to the Metropolitan Government, acting by and through the General Services Department, to help businesses save money and energy by utilizing the installation of energy-saving equipment.
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WHEREAS, the Tennessee Valley Authority and Nashville Electric Services is accepting applications for a TVA Energy Right Business & Industry Incentives Program grant, with an award of $54,690.16 with no cash match required; and,
WHEREAS, the Metropolitan Government is eligible to participate in this grant program; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this application be approved and submitted.
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Metropolitan Government’s application for a TVA Energy Right Business & Industry Incentives Program grant, in an amount not to exceed $54,690.16 to help businesses save money and energy by utilizing the installation of energy-saving equipment, a copy of which is attached hereto and incorporated herein, is hereby approved, and the General Services Department is authorized to submit said application to the Tennessee Valley Authority and Nashville Electric Services.
Section 2. 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 approves an application for a TVA Energy Right Business & Industry Incentives Program grant from the Tennessee Valley Authority (“TVA”) and Nashville Electric Service (“NES”) to the Department of General Services to help businesses save money and energy by utilizing the installation of energy-saving equipment. TVA and NES are offering an incentive program for energy-saving items including LED lighting, HVAC equipment, thermal ice storage and other initiatives. The Department of General Services’ new construction and major maintenance projects have items that fall within the incentive offerings.
If awarded, the grant amount is not to exceed $54,690.19, with no cash match required.