DATE: February 16, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
SUBJECT: *Consideration of Resolution 2015-09, A Resolution Acknowledging the Letter of Agreement Between the Tennessee Main Street Program and the Downtown Franklin Association
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning acknowledgement of a Letter of Agreement between the Tennessee Main Street Program and the Downtown Franklin Association.
Background
The Tennessee Main Street Program is a program of the Tennessee Department of Economic and Community Development which provides assistance to communities in revitalizing their downtown and central business districts. Since its founding in 1984, the Downtown Franklin Association has spearheaded the revitalization of Franklin's historic downtown according to the four-point program of the National Main Street Center of the National Trust for Historic Preservation.
By Letter of Agreement, the Tennessee Main Street Program agrees to provide certain assistance to the Downtown Franklin Association in its endeavors. The City has been requested by the Tennessee Main Street Program and the Downtown Franklin Association to acknowledge the Letter of Agreement. There are no terms, duties, or responsibilities for the City of Franklin. The City acknowledged an identical Letter of Agreement between the two parties in 2010.
Financial Impact
There is no direct fiscal impact to the City in acknowledging the Letter of Agreement.
Recommendation
Staff recommends that the City acknowledge the Letter of Agreement between the Tennessee Main Street Program and the Downtown Franklin Association.