Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Professional Service Agreement with Cushman & Wakefield, U.S., Inc. For the continued marketing and sale of the 200-acre Legacy Business Park and Coldstream 50-acre sites, at a cost of six percent (6%) of land sales. [Mayor's Office, Bencz]
Summary
Authorization to execute a Professional Service Agreement with Cushman & Wakefield, U.S., Inc., renewing the Agreement in accordance with the requirements of the original listing Agreement, for the continued marketing and sale of the 200-acre Legacy Business Park and Coldstream 50-acre sites at a cost of six percent (6%) of land sales. Funds are Budgeted. (L0418-24) (Bencz/Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [ Dave Barberie, 4/14/24]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: NA
This Fiscal Year Impact: 6% of land sales
Annual Impact: 6% of land sales
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 to execute a Professional Service Agreement, which is attached hereto and incorporated herein by reference, with Cushman & Wakefield, U.S., Inc., for the continued marketing and sale of the 200-acre Legacy Business Park and Coldstream 50-acre sites.
Section 2 - That an amount, not to exceed six percent (6%) of land sales, be and hereby is approved for payment.
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
0418-24:TAH:4893-9445-3431, v. 1