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A resolution approving an Interlocal Agreement between The Metropolitan Government of Nashville and Davidson County and The Health and Educational Facilities Board of the Metropolitan Government of Nashville and Davidson County for administrative, financial, and legal services for the Mixed-Income PILOT Program.
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WHEREAS, pursuant to Resolution Nos. R74-946 and R74-1081, as both were ratified by Resolution No. R77-414, the Metropolitan Council of The Metropolitan Government of Nashville and Davidson County authorized the creation of and approved the certificate of incorporation for The Health and Educational Facilities Board of The Metropolitan Government of Nashville Davidson County (the "Board"); and,
WHEREAS, the Board is a nonprofit public corporation performing a public function and is a public instrumentality of The Metropolitan Government of Nashville and Davidson County ("Metropolitan Government") for the purposes as provided for in Tenn. Code Ann. ? 48-101-301, et seq. (the "Act"), and in the Board's certificate of incorporation, as amended; and,
WHEREAS, as enumerated in its certificate of incorporation and the Act, the Board's directors are authorized to employ and pay compensation to such employees and agents, including attorneys, as they deem necessary for the business of the Board; and,
WHEREAS, on May 5, 2022, the Metropolitan Council adopted Ordinance No. BL2022-1170 (the "PILOT Ordinance") that established the Mixed-Income PILOT Program (the "Program"), which delegated to the Board the authority to negotiate and enter into payment-in-lieu-of-tax agreements with qualifying multifamily housing property owners who agree to provide a certain percentage of income-restricted housing units at affordable rates in accordance with the Program's requirements; and,
WHEREAS, the PILOT Ordinance requires the Housing Division of the Metropolitan Planning Department to assist the Board with the administration, implementation, and oversight of the...
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