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A resolution amending RS2020-515 to clarify that all Nashville music venues with less than $5,000,000.00 in revenue are eligible for funds under that resolution.
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WHEREAS, on September 1, 2020, the Metropolitan Council passed RS2020-515 allocating federal CARES Relief Act funds to be distributed to live music venues, as recommended by the COVID-19 Financial Oversight Committee; and,
WHEREAS, the administrator of these funds, Pathway Lending, has sought clarification as to the live music venues eligible for these funds; and,
WHERES, the COVID-19 Financial Oversight Committee seeks to clarify that all live music venues in Davidson County, as further defined below and in RS2020-515, are eligible for funds; and,
WHEREAS, there are federal requirements for use of CARES Act funds and the COVID-19 Financial Oversight Committee requires that the funds in RS2020-515 be used or distributed on or before November 15, 2020.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1: Section 4, Paragraph 3(a) of RS2020-515 is removed and replaced with the following:
a. Eligible venues must be physically located in Davidson County and primarily used for live music entertainment.
Section 2: That this resolution shall take effect from and after its adoption, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.
agenda analysis
This resolution amends Resolution No. RS2020-515 to clarify that all Nashville music venues with less than $5 million in revenue are eligible for funding from the CARES Act grant appropriation. On September 1, 2020, the Council approved a late-filed resolution (RS2020-515), which approved recommendations by the COVID-19 Financial Oversight Committee for distribution of $2,000,000 in CARES Act funds to provide financial support to live music venues, to be administered by Pathway Lending. The resolution specifically provided that Pathway ...
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