title
An ordinance amending Title 2 of the Metropolitan Code of Laws authorizing the creation of a Midtown Central Business Improvement District and appointing a corporation to act as an advisory board to the district with the necessary powers and authority to carry out the purposes and intent of the district.
body
WHEREAS, pursuant to the Central Business Improvement District Act of 1990, the Metropolitan Council adopted Resolution No. RS2025-____ to initiate the process of establishing a Midtown Central Business Improvement District (the "MBID"); and
WHEREAS, the creation of a MBID will enhance the local business and residential climate and help manage the area to ensure that it is clean, safe, and vibrant and will attract more people to live, work, play, and invest in the greater downtown Nashville area; and
WHEREAS, services and improvements to be funded by the MBID will include: cleaning and safety enhancements; beautification efforts; business, residential, and retail recruitment and retention services; and overall promotions of the Midtown area of Nashville.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. Title 2 of the Metropolitan Code of Laws is hereby amended by adding the following new chapter 2.179 relative to the establishment of the Midtown Central Business Improvement District and appointing a management corporation to act as an advisory board to the MBID with the necessary powers and authority to carry out the purposes of the MBID.
2.179.010 - Definitions.
A. As used in this ordinance, unless a contrary meaning clearly appears:
1. "Assessed value" means value as assessed for municipal tax purposes.
2. "District" or "midtown central business improvement district" or "MBID" means the central business improvement district created by this ordinance.
3. "District management corporation" means the board or organization created or the organization appointed to act as an advi...
Click here for full text