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A resolution accepting a donation from MTP - Paseo Phase III Land, LLC in the amount of $25,000 as a contribution towards the Pie Town Mobility Study regarding roadway infrastructure improvements in the relevant area.
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WHEREAS, pursuant to Metropolitan Code of Laws § 5.04.120, the Metropolitan Council can approve donations, exclusive of donations of real estate, by resolution; and
WHEREAS, MTP - Paseo Phase III Land, LLC owns and plans to develop a parcel of property (the “Property”) at 701 7th Avenue South in Nashville; and
WHEREAS, the analysis of larger roadway infrastructure improvements in the Pie Town area was and is a necessity as the Property and nearby properties develop; and
WHEREAS, as provided in the letter attached as Exhibit 1, MTP - Paseo Phase III Land, LLC proposes a donation of $25,000 to the Metropolitan Government as a contribution to the cost of the Pie Town Mobility Study.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. MTP - Paseo Phase III Land, LLC’s proposed donation of $25,000 as a contribution towards the cost of the Improvements, as proposed in Exhibit 1, is approved.
Section 2. This Resolution shall take effect immediately upon its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution accepts a donation from MTP - Paseo Phase III Land, LLC in the amount of $25,000. This donation will be used towards the cost of the Pie Town Mobility Study.
MTP - Paseo Phase III Land, LLC owners and plans to develop a parcel of property at 701 7th Avenue South. This funding will help the analysis of larger roadway infrastructure improvements in the Pie Town area in the vicinity of this property.
The Council is authorized to approve donations by resolution pursuant to Metropolitan Code of Laws § 5.04.120(B).