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A resolution appropriating $1,046,000.00 in American Rescue Plan Act funds from Fund #30216 to provide rent relief to vendors at The Nashville Flea Market.
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WHEREAS, on June 15, 2021, the Metropolitan Council passed Resolution RS2021-966, a resolution which accepted grant funds for local government support from the Coronavirus State and Local Fiscal Recovery Funds established by the American Rescue Plan Act of 2021 ("ARP Funds") from the U.S. Department of the Treasury to The Metropolitan Government of Nashville and Davidson Count, which was subsequently signed into law by Mayor John Cooper on June 16, 2021; and,
WHEREAS, Resolution RS2021-966 established a COVID-19 Financial Oversight Committee ("the Committee") whose role is to collect, consider, and recommend appropriate uses of the ARP Funds as designated by the Metropolitan Council disbursement plan. The Committee will submit its reports and recommendations to the Mayor, the Director of Finance, and the Metropolitan Council not later than June 30, 2025; and,
WHEREAS, there are federal requirements for use of ARP Funds that require that these funds be expended or obligated on or before December 31, 2024; and,
WHEREAS, the Committee recognizes that supporting local events and local businesses is a critical priority for the city; and,
WHEREAS, the Committee recognizes that The Nashville Flea Market is an iconic Nashville event that has served local businesses and the public for over fifty years, with past attendance figures of over 20,000 in one three-day span and a top-10 national ranking among flea markets; and,
WHEREAS, the Committee recognizes the negative financial effects that the COVID-19 pandemic has had on events at The Nashville Fairgrounds, including cancellation of 14 Nashville Flea Market events and a 64% decline in the average number of vendors per month; and,
WHERAS, the Committee recognizes that Nashville Flea Market events were cancelled, in part, because their regular event space w...
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