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A resolution to approve the Third Amendment to a grant contract for constructing affordable housing approved by RS2022-1857 between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and New Level Community Development Corporation.
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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 New Level Community Development Corporation, for the express purpose of constructing affordable housing approved by RS2022-1857; and,
WHEREAS, Metro, acting by and through the Metropolitan Housing Trust Fund Commission, and New Level Community Development Corporation executed a First Amendment to said grant contract on July 6, 2023, which amendment was approved by RS2023-2293; and,
WHEREAS, Metro, acting by and through the Metropolitan Housing Trust Fund Commission, and New Level Community Development Corporation executed a Second Amendment to said grant contract on November 7, 2024, to extend the term of the grant contract, which amendment was approved by RS2024-818; and,
WHEREAS, the parties wish to amend this grant contract by extending the term of the contract, 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 Third 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 New Level Community Development Corporation, a copy of which is attached hereto and incorporated herein, is ...
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