Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Certificate of Consideration, and any other documents necessary, and to accept a deed for the property located at 300 Quinton Ct., for construction of a wet weather storage facility, and authorizing payment in the amount of $1,750,000, plus usual and appropriate closing costs. [Div. of Water Quality, Martin]
Summary
Authorization to enter into a purchase Agreement for the parcel located at 300 Quinton Court. This parcel would be the future site of the West Hickman 7 Wet Weather Storage Tank. The purchase price of the parcel is $1,750,000.00. CONSENT DECREE. Funds are Budgeted. (L1269-16) (Martin/Hoskins-Squier)
Budgetary Implications: Yes
Advance Document Review:
Law: Keith Horn
Risk Management: No
Fully Budgeted: Yes
Account Number: 4003 303408 3466 92811
This Fiscal Year Impact: $1,750,000.00
Annual Impact: $
Project: WH7TANK_2014
Activity: CONSENT_DE
Budget Reference: 2014
Current Balance: $11,150,772.90
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute a certificate of consideration, and any other documents necessary, and to accept a Deed for the property located at 300 Quinton Court, for construction of a wet weather storage facility.
Section 2 - That an amount, not to exceed the sum of $1,750,000.00, be and hereby approved for payment to the owner of the property, plus usual and appropriate closing costs, all from account # 4003-303408-92811, at the time of closing.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL