Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement awarding a Class B (Infrastructure) Incentive Grant to Dalton Court, LLC, for stormwater quality projects, at a cost not to exceed $132,000. [Div. of Water Quality, Martin]
Summary
Authorization for approval of a FY17 (Class B Infrastructure) Stormwater Quality Projects Incentive Grant for Dalton Court LLC, in the amount of $132,000. Funds will be used to lessen the impact of stomwater runoff contributing to issues of flooding. Funds are Budgeted. (L0545-17) (Martin/Hoskins-Squier)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Michael Cravens, front end docs reviewed annually.
Risk Management: No
Fully Budgeted: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $132,000.00
Annual Impact: N/A
Project: WQINCENTIVE_17
Activity: WQ_GRANT
Budget Reference:
Current Balance: $687,541.97
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 to execute the Agreement, which is attached hereto and incorporated herein by reference, awarding a Class B (Infrastructure) Incentive Grant to Dalton Court, LLC, for stormwater quality projects.
Section 2 - That an amount, not to exceed $132,000.00, be and hereby is approved for payment to Dalton Court, LLC, from account # 4052 - 303204 - 78112, pursuant to the terms of the Agreement.
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