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A resolution appropriating $15,000,000.00 in American Rescue Plan Act funds from Fund #30216 to the Metropolitan Development and Housing Authority to improve infrastructure at Cayce Place and to increase safety at Cumberland View.
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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 developing and sustaining safe affordable housing is a critical priority for the city; and,
WHEREAS, the Committee recognizes that the negative financial effects of the COVID-19 pandemic have emphasized the need to continue investment in affordable housing; and,
WHEREAS, MDHA has proposed a $13,600,000.00 infrastructure improvement plan for Cayce Place, specifically addressing a major sewer separation project, as well as various water, sewer, roads, and sidewalk work, the funding of which will result in critical infrastructure improvements for 1100 planned units; and,
WHEREAS, MDHA has proposed $1,700,000.00 for Cumberland View for improved lighting, traffic calming efforts, sidew...
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