ORDINANCE NO. BL2011-862
An Ordinance amending Chapter 2.210 of the Metropolitan Code relative to the eligibility requirements for the receipt of Economic and Community Development Incentive Grants.
BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. Chapter 2.210 of Metropolitan Code is amended by deleting the provisions of Section 2.210.030 and substituting with the following new provisions:
“A. Any community development incentive grant authorized by Section 2.210.020 and any agreement memorializing such grant as required by Section 2.210.020 must be approved by the metropolitan county mayor. The proposed economic and community development incentive grant and the related agreement shall then be submitted to the metropolitan county council for approval by resolution, along with the employee demographic information required by subsection B. of this section. Any such resolution must receive the affirmative votes of at least twenty-one members of the metropolitan county council in order for it to be approved. All proposed economic and community development incentive grant agreements that are to be funded by the metropolitan government shall provide that the metropolitan government's financial obligations thereunder are subject to the annual appropriation of funds by the metropolitan council.
B. At the time of the filing of a resolution approving a proposed economic and community development incentive grant and related agreement pursuant to subsection A. of this section, the qualifying company shall submit demographic information regarding the company’s employees currently working within the boundaries of the metropolitan government. Such information shall include, but not be limited to, the ethnicity, race, sex, county of residence, and salaries of the existing employees, as well as a description of the existing jobs. In addition, such qualified company shall provide a description of the future jobs to be created during the term of the agreement, including the estimated salaries. No such resolution shall be considered by the council unless and until this demographic information is provided.”
Section 2. This Ordinance shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Sponsored by: Erica Gilmore
|Introduced:||February 15, 2011|
|Passed First Reading:||March 1, 2011|
|Referred to:||Budget & Finance Committee|
|Deferred:||March 15, 2011|
|Withdrawn:||April 5, 2011|