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A resolution accepting a donation from Dickerson Pike Partners in the amount of $50,000 as a contribution towards infrastructure improvements in the vicinity of 55 Lucile Street.
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WHEREAS, pursuant to Metropolitan Code of Laws § 5.04.120, the Metropolitan Council can approve donations, exclusive of donations of real estate, by resolution; and,
WHEREAS, Dickerson Pike Partners owns and plans to develop a parcel of property (the “Property”) at 55 Lucile Street in Nashville; and,
WHEREAS, infrastructure improvements (the “Improvements”) in the vicinity of that intersection will eventually be necessary as the Property and nearby properties develop; and,
WHEREAS, Dickerson Pike Partners proposes to donate $50,000 towards infrastructure improvements as provided in the letter attached as Exhibit 1.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the donation of $50,000 for infrastructure improvements by Dickerson Pike Partners in the vicinity of 55 Lucile Street, as proposed in Exhibit 1, is approved.
Section 2. This Resolution shall take effect immediately upon its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution accepts a donation from Dickerson Pike Partners in the amount of $50,000. This donation will be used towards infrastructure improvements in the vicinity of 55 Lucile Street. Dickerson Pike Partners is undertaking a project at 55 Lucile Street which will have an impact on infrastructure in the area.
The Council is authorized to approve donations by resolution pursuant to Metropolitan Code of Laws Section 5.04.120.B.