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 $299,968.60. [Div. of Water Quality, Martin]
Summary
Authorization to approve a FY19 Class B Infrastructure Stormwater Quality Projects Incentive Grant for Northyard, LLC in the amount of $299,968.60. Funds are Budgeted. (L0467-19) (Martin/Albright)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: {N/A}
Risk Management: {No}
Fully Budgeted [select]: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $299,968.60
Annual Impact: $
Project: WQINCENTIVE_19
Activity: WQ_GRANT
Budget Reference: 2019
Current Balance: $867,791.68
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 $299,968.60, 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: