Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Expansion Area Development Exaction Agreement with North Forty Properties, LLC pursuant to Article 23 of the Zoning Ordinance, providing for payment of non-sewer exaction credits for the construction of a stormwater facility system improvement in Expansion Area 2B. [Div. of Planning, Duncan]
Summary
Authorization to execute an Expansion Area Development Exaction Agreement with North Forty Properties, LLC providing non-sewer exaction credits for the construction of a stormwater facility system improvement in Expansion Area 2B. No Budgetary impact. (L0423-19) (Duncan/Adkins)
Budgetary Implications [select]: NO
Advance Document Review:
Law: No
Risk Management: No
Fully Budgeted [select]: N/A
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
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 an Expansion Area Development Exaction Agreement with North Forty Properties, LLC pursuant to Article 23 of the Zoning Ordinance providing for payment of non-sewer exaction credits for the construction of a stormwater facility system improvement in Expansion Area 2B, a copy of which is attached hereto and incorporated herein by reference.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL: