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East Bank Development Authority approves intergovernmental agreement, accepts assignment of development contracts
Summary
The East Bank Development Authority voted to approve an intergovernmental agreement with Metro that assigns land, employees and key development contracts (Fallon MDA, HDR, AECOM and Kimley Horn) to the authority; the motion passed by unanimous voice vote with no abstentions recorded.
The East Bank Development Authority voted to approve an intergovernmental agreement (IGA) with Metro Nashville that assigns assets, employees and a set of existing development contracts to the authority.
Ben York, the authority’s chief executive officer, summarized the agreement as transferring 30 acres of IDA parcels, the 29.5 acres where the authority's office sits, and several contracts and responsibilities previously held by Metro. The contracts to be assigned include the Fallon master development agreement (MDA), the Kimley Horn civil engineering contract, the AECOM boulevard contract, and the HDR program management contract, along with coordination…
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