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A resolution approving the Second Amendment to a grant contract for constructing affordable housing approved by RS2024-750 between the Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Arts and Business Council of Greater Nashville, Inc.
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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 Arts and Business Council of Greater Nashville, Inc., for the express purpose of constructing affordable housing approved by RS2024-750; and,
WHEREAS, Metro, acting by and through the Metropolitan Housing Trust Fund Commission, and Arts and Business Council of Greater Nashville, Inc., executed a First Amendment to said grant contract on August 19, 2025 to revise the draw schedule, which amendment was approved by RS2025-1422; and,
WHEREAS, the parties wish to amend this grant contract by extending the term of the contract by an additional twelve months; 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 Second 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 Arts and Business Council of Greater Nashville, 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.
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