RS2026-2227: A resolution appropriating to certain accounts for the benefit of the Nashville Department of Transportation and Multimodal Infrastructure (NDOT) and the Midtown Business Improvement District (MBID) the amount of Five Million, Seven Hundred Twenty Thousand Nine Hundred Eighty-Nine Dollars ($5,720,989).

Description

A resolution appropriating to certain accounts for the benefit of the Nashville Department of Transportation and Multimodal Infrastructure (NDOT) and the Midtown Business Improvement District (MBID) the amount of Five Million, Seven Hundred Twenty Thousand Nine Hundred Eighty-Nine Dollars ($5,720,989).

Summary

Resolution RS2026-____ would appropriate $5,720,989 for Nashville and Davidson County programs. It directs $4,189,900 from increased General Services District Fund revenue to the Nashville Department of Transportation and Multimodal Infrastructure (NDOT) for roadway programs. This amount is funded by right-of-way permit revenues, including excavation permits and temporary street-closure permits. The resolution also allocates $1,531,089 to Midtown Business Improvement District (MBID) programs, funded by MBID assessments. The measure affects NDOT, the Midtown district, permit applicants, property owners subject to assessments, and residents who use local streets and services. It matters because it assigns newly identified revenues to transportation and district programs, increasing transparency about how those funds will be spent.