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 Northyard, LLC, for stormwater quality projects, at a cost not to exceed $24,912.80. [Div. of Water Quality, Martin]
Summary
Authorization to approve FY19 (Class B Infrastructure) Stormwater Quality Projects Incentive Grant for Northyard, LLC (at 109 W. Loudon Ave.) in the amount of $24,912.80. Funds will be used to conduct a feasibility study to evaluate a series of land use alternatives. Funds are Budgeted. (L0066-19) (Martin)
Budgetary Implications: Yes
Advance Document Review:
Law: No
Risk Management: No
Fully Budgeted: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $24,912.80
Annual Impact: $
Project: WQINCENTIVE_19
Activity: WQ_GRANT
Budget Reference: 2019
Current Balance: $1,321,921.68
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 Northyard, LLC, for stormwater quality projects.
Section 2 - That an amount, not to exceed $24,912.80, be and hereby is approved for payment to Northyard, 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