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A resolution to approve the Second Amendment to a grant contract for constructing affordable housing approved by RS2022-1443 between the Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Clark UMC Community Development Corporation, 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 Clark UMC Community Development Corporation, Inc., for the express purpose of constructing affordable housing, approved by RS2022-1443; and,
WHEREAS, Metro, acting through the Metropolitan Housing Trust Fund Commission, and Clark UMC Community Development, Inc., executed a First Amendment to the grant contract on April 4, 2024, which extended the term of the contract to 36 months, approved by RS2024-334; and,
WHEREAS, on May 28, 2024, the Metropolitan Housing Trust Fund Commission voted to allocate an additional $300,000.00 to Clark UMC Community Development Center, Inc., for the express purpose of constructing affordable housing; and,
WHEREAS, Metro, acting by and through the Metropolitan Housing Trust Fund Commission, and Clark UMC Community Development Corporation, Inc., wish to amend Section A.3 and Section C.1 of the grant contract by increasing the grant amount and maximum liability to $400,000.00, a copy of which amendment is attached hereto and incorporated herein; 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 Metrop...
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