DATE: January 2, 2018
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator for Community and Economic Development
SUBJECT: title
Consideration of Resolution 2017-89, a Resolution Recognizing the Voluntary Financial Contribution and Timing of Said Contribution From Southern Land Company That Helped Fund and Facilitate the Design of the Northwest Quadrant of Mack Hatcher Parkway and Construction of the Multi-use Path. (01/09/18 WS)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the timing and payment of a $1.25 million contribution from Southern Land Company that helped fund the design of the Northwest Quadrant of Mack Hatcher Parkway.
Background
In early 2007, after updating the Westhaven Traffic Study, Southern Land Company and its Chief Executive Officer Tim Downey appeared before the City of Franklin Board of Mayor and Aldermen to request consideration of amending the development entitlement thresholds placed on the Westhaven Mixed-Use Planned Unit Development originally approved in 2001. At that point in time, the City of Franklin Board of Mayor and Aldermen and Franklin Municipal Planning Commission linked the Westhaven development thresholds to the construction of the northwest quadrant of Mack Hatcher Parkway for which the Tennessee Department of Transportation (TDOT) was and is responsible of designing and constructing.
With limited progress being made by TDOT on the design and construction of the northwest quadrant of Mack Hatcher Parkway, Mr. Downey volunteered to contribute 1.25 million dollars toward the cost of the engineering design work associated with the northwest quadrant of Mack Hatcher Parkway to expedite the Tennessee Department of Transportation's construction schedule for the northwest quadrant of Mack Hatcher Parkway. The City of Franklin has also contributed $5 ...
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