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An ordinance approving a participation agreement between the Metropolitan Government of Nashville and Davidson County, acting by and through the Housing Division of the Metropolitan Planning Department, and Sojourn Nolensville Apartments, LP, to provide enhanced pedestrian signaling for Sojourn Nolensville Apartments, LP's proposed development, as well as other existing properties in the area (Proposal No. 2022SP-088-001).
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WHEREAS, the Metro Housing Division established the Connecting Housing to Infrastructure Program ("CHIP"), funded through the Capital Spending Plan ("CSP") to support enhanced infrastructure improvements related to the development income-restricted affordable housing; and
WHEREAS, Sojourn Nolensville Apartments, LP (the "Developer) meets the criteria to receive CHIP funding; and,
WHEREAS, pursuant to the terms of the participation agreement, attached hereto as Exhibit 1, the Developer, in compliance with all Metropolitan Government of Nashville and Davidson County ("Metro") requirements and specifications, will contract and oversee the construction of pedestrian signaling and crossing near the intersection of Nolensville Pike and Taylor Rd, to serve its development at 4420 Taylor Rd and the community; and,
WHEREAS, the Nashville Department of Transportation and Multimodal Infrastructure ("NDOT") will inspect the construction and upon acceptance, will be responsible for ongoing operation and maintenance; and,
WHEREAS, Metro agrees to pay $178,023.52 as a contribution toward the improvements; and
WHEREAS it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this ordinance be approved.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The participation agreement (Exhibit 1) between the Metropolitan Government of Nashville and Davidson County, acting by and through the Housing Division of the Metropolitan Planning ...
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