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A resolution accepting a donation from MCREF IV Gulch Apartment Owner LLC in the amount of $25,000 as a contribution towards the analysis that was conducted by NDOT for roadway infrastructure improvements associated with the Pie Town Mobility Study.
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WHEREAS, pursuant to Metropolitan Code of Laws § 5.04.120, the Metropolitan Council can approve donations, exclusive of donations of real estate, by resolution; and,
WHEREAS, MCREF IV Gulch Apartment Owner LLC owns and plans to develop a parcel of property (the “Property”) at 810 Division in Nashville; and,
WHEREAS, NDOT has conducted an analysis (the “Study”) of larger roadway infrastructure improvements in the Pie Town area; and,
WHEREAS, as provided in the letter attached as Exhibit 1, MCREF IV Apartments Owner LLC proposes to donate $25,000 to the Metropolitan Government as a contribution towards the cost of the Study.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. MCREF IV Apartments Owner LLC’s proposed donation of $25,000 as a contribution towards the cost of the Study, as proposed in Exhibit 1, is approved.
Section 2. This Resolution shall take effect immediately upon its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution accepts a donation from MCREF IV Gulch Apartment Owner LLC to the Nashville Department of Transportation and Multimodal Infrastructure in the amount of $25,000. MCREF IV Gulch Apartment Owner LLC plans to develop a parcel of property at 810 Division Street. This donation will be used towards the cost of the study for roadway infrastructure improvements associated with the Pie Town Mobility Study.
The Council is authorized to approve donations by resolution pursuant to Metropolitan Code of Laws Section 5.04.120.B.