Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Multi-Year Agreement with the Blue Grass Community Foundation, establishing the Lexington Public Art Maintenance Fund to support permanent public artworks that are owned by the Urban County Government and located on Urban County Government property, with the administrative costs not to exceed one percent of the fund or a minimum of $250 a year. [Office of the Mayor, Lyons]
Summary
Authorization to set up a Public Art Maintenance and Conservation Fund at the Blue Grass Community Foundation to support permanent public art works that are owned by the LFUCG and located on city property. Costs include a $250.00 minimum, annually (or 1% of $0 - $1.5M). Funds are Budgeted. (L0935-24) (Lyons/Scott)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes, Completed by [Ashleigh Bailey, 9/13/24]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-134202-1471-75101
This Fiscal Year Impact: $250.00 minimum annually (or 1% of $0 - $1.5M)
Annual Impact: $250.00 minimum annually (or 1% of $0 - $1.5M)
Project:
Activity:
Budget Reference:
Current Balance: $42,907.51
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 the Agreement, which is attached hereto and incorporated herein by reference, with the Blue Grass Community Foundation, establishing the Lexington Public Art Maintenance Fund to support permanent public artworks that are owned by the Urban County Government and located on Urban County Government property, with the administrative costs not to exceed one percent of the fund or a minimum of $250.00 a year.
Section 2 - That an amount of $250.00, be and hereby is approved for payment to Bluegrass Community Foundation in FY2025, from account # 1101-134202-75101, pursuant to 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
0935-24:ANB:4882-5781-6809, v. 1