RESOLUTION NO. RS2001-856
A resolution approving the First Amendment to the Memorandum of Understanding by and among The Metropolitan Government of Nashville and Davidson County, the Metropolitan Development and Housing Agency and the Nashville Housing Fund regarding the use of certain funds, and authorizing all necessary officials to execute the same.
Whereas, the Metropolitan Council has adopted Bill No. BL2000-518, approving a Memorandum of Understanding (the "Memorandum of Understanding") by and among the Metropolitan Government, Metropolitan Development and Housing Agency ("MDHA") and the Nashville Housing Fund ("NHF"), setting forth the terms and conditions for the use of the certain funds appropriated by the Metropolitan Council for the 2000-2001 fiscal year; and
Whereas, Section 2 of Bill No. BL2000-518 provided that any amendment, renewal or extension of the terms of the Memorandum of Understanding would be approved by Resolution of the Metropolitan Council; and
Whereas, in the Fiscal Year 2001-2002 budget approved by Substitute Bill No. BL2001-707, the Metropolitan Government appropriated $197,377.00 to MDHA (the "2002 Budget Funds"), $59,214.00 of which was to be used by NHF to support the Urban Homestead Program and $138,163.00 of which was to be used by NHF to provide administrative support for the Front Door, Downpayment Assistance and Development Loan programs of NHF.
Whereas, the First Amendment to the Memorandum of Understanding (the "First Amendment") sets forth the terms and conditions for the use of the 2002 Budget Funds.
Now, therefore, be it enacted by the Council of The Metropolitan Government of Nashville and Davidson County:
Section 1: The First Amendment, a copy of which is attached hereto and incorporated herein, is hereby approved and all necessary officials of the Metropolitan Government are authorized to execute the same.
Section 2: This Resolution shall take effect from and after its passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Sponsored By: Earl Campbell, Chris Ferrell, Melvin Black, Eileen Beehan
& Finance Committee
|Introduced:||November 20, 2001|
|Adopted:||November 20, 2001|
|Approved:||November 21, 2001|