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A resolution amending Resolution No. RS2017-713 pertaining to capital funds for transit system projects for the Metropolitan Transit Authority.
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WHEREAS, on June 13, 2017, the Metropolitan County Council (the "Council") approved Resolution No. RS2017-713 as an initial resolution determining to issue general obligation bonds of The Metropolitan Government of Nashville and Davidson County (the "Metropolitan Government") in an aggregate principal amount of not to exceed $288,000,000 (the "Bonds"); and,
WHEREAS, upon the adoption of Resolution No. RS2017-713, the Council authorized the funding of various capital projects included in the FY 2017-18 Capital Spending Plan, which included $1,800,000 for the "TSU Circulator project" (CIB # 18MT0012); and,
WHEREAS, this funding was for the installation of a bus charging station in anticipation of extending the Music City Circuit routes along Jefferson Street to Tennessee State University; and,
WHEREAS, the Metropolitan Transit Authority discontinued the Music City Circuit in fiscal year 2020 due to operating budget cuts and in an effort to better streamline its services; and,
WHEREAS, as part of its general stop and shelter upgrade project, the Metropolitan Transit Authority invested $90,000 in 2019 to expand and upgrade the passenger waiting shelter at Tennessee State University; and,
WHEREAS, As part of the Metropolitan Transit Authority's nMotion plan, conceptual locations for a long-term network of neighborhood transit centers was developed based on demographic and travel demand information; and,
WHEREAS the Metropolitan Transit Authority has identified a specific site location at 2501 Clarksville Pike meeting all selection criteria for a neighborhood transit center; and,
WHEREAS, a neighborhood transit center at this location will further neighborhood connectivity throughout the greater North Nashville community; and,
WHEREAS, the Metropolitan Transit Authority has proposed to reallocate the $1,800,00...
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