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A resolution approving a participation agreement between the Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Department of Water and Sewerage Services, and Proffitt Dixon Partners, to provide sanitary sewer service improvements for Proffitt's proposed development, as well as other existing properties in the area (MWS Project No. 24-SL-0127 and Proposal No. 2025M-036AG-001).
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WHEREAS, pursuant to the terms of the participation agreement, attached hereto as Exhibit 1, Proffitt Dixon Partners ("DEVELOPER") in compliance with all Metropolitan Government of Nashville and Davidson County ("METRO") requirements and specifications, has expressed a desire to improve the public sanitary sewer service to serve its development Stockyards 900 Block and existing properties in the area, as shown in Exhibit 2 hereto attached, Project No. 24-SL-0127; and,
WHEREAS, METRO will inspect the construction and upon acceptance, will be responsible for ongoing operation and maintenance; and,
WHEREAS, METRO agrees to pay the lesser of thirteen percent (13%) of the actual project costs not to exceed One Hundred Thirty Thousand Dollars ($130,000.00) as a contribution towards these improvements; and,
WHEREAS, BL2022-1214 authorizes the Metropolitan Department of Water and Sewerage Services to enter into participation agreements funding infrastructure with developers by resolution of the Metropolitan Council; and
WHEREAS, the Project is deemed to benefit both parties and the general community.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Participation Agreement (Exhibit 1) between the Metropolitan Government of Nashville and Davidson County, acting by and through the Department of Water and Sewerage Services, and Proffitt Dixon Partners, attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is authorized to execute ...
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