DATE: January 3, 2018
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
SUBJECT:
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Consideration of Resolution 2018-02, A Resolution Declaring the Intent of the City of Franklin to Act As A Governmental Pass-Through Entity for the Spivey Tract Land Acquisition Project as Requested by the Civil War Preservation Trust. (01/23/18 Work Session)
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning Resolution 2018-02, A Resolution declaring the intent of the City of Franklin to act as a governmental pass-through entity for the Spivey Tract Land Acquisition Project as requested by the Civil War Preservation Trust.
Background
A request was received from the Civil War Trust for the City of Franklin to act as a government pass-through entity for the land acquisition project known as the Spivey Tract. This tract is 0.72 acres located on the west side of Columbia Avenue just north of Granbury and south of Strahl St.; west of Columbia Avenue, respectively.
Resolution 2018-02 proposes the City act as the governmental “pass-through” for funds from the National Park Service (NPS) that will be deposited with the City, and then forwarded to the Civil War Preservation Trust for its purchase of certain Civil War Battlefield land - the Spivey Tract. The American Battlefield Protection Program grant amount is $637,500.
The role of the City would be the same as in past grants; i.e., the City will be notified in writing by NPS that all grant requirements have been met and that funds would be transferred to the City. The City then would commence transfer of funds to the Trust
Financial Impact
There is no anticipated financial impact to this agreement. As described in Resolution 2018-02, the City is acting as a governmental pass-through for the purchase of this battlefield property.
Recommendation
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Staff recommends approval of the proposed Resolution.