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 the University of Ky. Research Foundation, for stormwater quality projects, at a cost not to exceed $299,400. [Div. of Water Quality, Martin]
Summary
Authorization to approve a FY18 (Class B Infrastructure) Stormwater Quality Projects Incentive Grant for the University of Kentucky Research Foundation (UKRF) in the amount of $299,400.00. Funds are Budgeted. (L0822-18) (Martin)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: {N/A}
Risk Management: {No}
Fully Budgeted [select]: Yes
Account Number: 4052-303204-3383-78112
This Fiscal Year Impact: $299,400.00
Annual Impact: $
Project: WQINCENTIVE_18
Activity: WQ_GRANT
Budget Reference: 2018
Current Balance: BA in process
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 an Agreement, which is attached hereto and incorporated herein by reference, awarding a Class B (Infrastructure) Incentive Grant to The University of Kentucky Research Foundation, for stormwater quality projects.
Section 2 - That an amount, not to exceed $299,400.00, be and hereby is approved for payment to The University of Kentucky Research Foundation, 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