ORDINANCE NO. BL2016-147
An ordinance amending Title 2 of the Metropolitan Code related to blighted property grant program.
BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. Section 2.212.030 of the Metropolitan Code is hereby amended by deleting subsection C in its entirety and replacing it with the following:
Such grant funds shall be used for the sole purpose of constructing or rehabilitating the exterior portions of blighted commercial property located within Eligible Census Tracts having a property value not to exceed one million dollars ($1,000,000) at the time the grant application is made to ECD based upon the appraised value of the property as determined by the Davidson County Property Tax Assessor and where the construction or rehabilitation investment exceeds one hundred thousand dollars ($100,000). Eligible Census Tracts are those where at least 65% of households are at or below 80% AMI. The Mayor's Office of Economic and Community Development shall maintain, on file and open for inspection, a list and map of eligible census tracts to be updated annually.
Section 2. The mayor’s office of economic and community development shall submit the amended blighted property grant program to the Tennessee Attorney General pursuant to T.C.A. § 7-51-1903 once the necessary policies, procedures, rules, and/or regulations are developed.
Section 3. That this Ordinance shall take effect immediately after its passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Sponsored by: Bill Pridemore, Colby Sledge, Sheri Weiner, Burkley Allen
|Introduced:||February 16, 2016|
|Passed First Reading:||February 16, 2016|
|Referred to:||Budget & Finance Committee|
|Deferred:||March 1, 2016|
|Passed Second Reading:||March 15, 2016|
|Passed Third Reading:||April 5, 2016|
|Approved:||April 6, 2016|
Requests for ADA accommodation should be directed to the Metropolitan Clerk at 615/862-6770.