title
A resolution to approve the First Amendment to a grant contract for constructing affordable housing approved by RS2022-1858 between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Mary, Queen of Angels, Inc.
body
WHEREAS, The Metropolitan Government of Nashville and Davidson County (“Metro”), acting by and through the Metropolitan Housing Trust Fund Commission, previously entered into a grant contract with Mary, Queen of Angels, Inc., for the express purpose of constructing affordable housing approved by RS2022-1858; and
WHEREAS, Metro, acting by and through the Metropolitan Housing Trust Fund Commission, and Mary, Queen of Angels, Inc., wish to amend Section B.1 of the grant contract by extending the term of the contract to 36 months, a copy of which amendment is attached hereto and incorporated herein; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that the amendment to the grant contract be approved.
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That this First Amendment to the grant contract for constructing affordable housing between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Mary, Queen of Angels, Inc., a copy of which is attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is hereby authorized to execute the same.
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 the first amendment to a grant contract for constructing affordable housing between the Metropolitan Housing Trust Fund Commission and Mary, Queen of Angels, Inc. as approved by Resolution No. RS2022-1858.
The original grant agreement was approved on November 15, 2022, and had a term that extended until the completion of the project or no later than 24 months after the execution of the agreement.
The amendment under consideration would extend the term of the agreement from no later than 24 months to no later than 36 months from the execution of the grant agreement. The grant amount of $1,980,000 would not change under this amendment.