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A resolution approving a participation agreement between the Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Department of Water and Sewerage Services, and Centennial TN Partners, LLC, to provide stormwater infrastructure improvements through funding the design and construction of an improved stormwater system (MWS Project No. 2019050104and Proposal No. 2023M-009AG-001).
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WHEREAS, the Metropolitan Department of Water and Sewerage Services ("METRO") owns and operates the Municipal Separated Storm System; and,
WHEREAS, METRO desires to make stormwater infrastructure improvements based on the State Street North Stormwater Management Study (Study Area) of the 697-acre drainage basin in the West Nashville area known as the Nations; which is a portion of the Richland Creek basin and ultimately discharges to the Cumberland River; and,
WHEREAS, by improving the stormwater infrastructure, METRO has an opportunity to reduce the potential for localized storm flooding. Furthermore, the improvements to the stormwater system will help to improve overall water quality in the Cumberland River; and,
WHEREAS, Centennial TN Partners, LLC ("DEVELOPER") has been approved to construct Broadstone Nations, a mixed use, multifamily development on 6.3 acres that are located in Section 2-3 of the Study Area and discharge to the Richland Creek Basin; and,
WHEREAS, METRO is developing the design and construction of dedicated storm infrastructure consistent with the Stormwater Master Plan; and,
WHEREAS, DEVELOPER agrees to provide on-site stormwater control measures and to provide METRO the amount of $237,128.67 to fund the design and construction of the current and new stormwater systems, according to the terms of the Nations Area Stormwater Improvement Project Participation Agreement - Broadstone Nations, attached as Exhibit 1; and,
WHEREAS, METRO agrees to begin design and construction of the project within timeframes set fort...
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