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A resolution accepting a direct appropriation grant from the State of Tennessee in the amount of $5,000,000.
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WHEREAS, the State of Tennessee General Assembly adopted Public Chapter 454 wherein a direct appropriation grant in the amount of $5,000,000 was made to The Metropolitan Government of Nashville and Davidson County to provide funds for nonrecurring expenses; and,
WHEREAS, the State of Tennessee Department of Finance and Administration requires the submission of an executed Letter of Agreement accepting the grant funds; and
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that the Letter of Agreement accepting the grant funds be approved.
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Letter of Agreement, accepting the direct appropriation grant by and between the State of Tennessee and the Metropolitan Government of Nashville and Davidson County in the amount of $5,000,000, attached hereto, is hereby approved and the Mayor is hereby authorized to execute and deliver the Letter of Agreement.
Section 2. That the amount of this grant be appropriated to the Department of Finance based on revenues estimated to be received.
Section 3. That the grant funds accepted by this resolution shall not be expended until a plan for disbursement of the funds is approved by a resolution adopted by the Metropolitan Council.
Section 4. 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 accepts a direct appropriation grant in the amount of $5,000,000 from the State of Tennessee. The State's FY 22 budget included funding for direct appropriations to cities and counties based upon population up to a maximum of $5,000,000. The program is titled the Local Infrastructure Grant ...
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