Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute Purchase of Service Agreements for FY2014 with Commerce Lexington ($457,000), Downtown Lexington Corp. ($42,710), Ky. World Trade Center ($100,000), Lexington Ky. Chapter of SCORE ($5,540), Lyric Theatre and Cultural Arts Center, Inc. ($160,000), and Lexington Downtown Development Authority, Inc. ($348,000), at a total cost not to exceed $1,113,250. [Mayor's Office, Atkins]
Summary
Authorization to execute Purchase of Service Agreements for FY 2014 with seven (7) Partner Agencies. (L0718-13) (Atkins)
This is a request to execute Purchase of Service Agreements for FY 2014 with seven (7) Partner Agencies as follows: Commerce Lexington $457,000, Downtown Lexington Corporation $42,710, Kentucky World Trade Center $100,000, Lexington Kentucky Chapter of SCORE $5,540, Lyric Theatre and Cultural Arts Center $160,000, Bluegrass Area Development District $75,110, and Lexington Downtown Development Authority $348,000. Funds are budgeted.
Budgetary Implications: Yes/NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes
Account Number:
1101-900101-0001-71101 Commerce Lexington $ 457,000
1101-900103-0001-71101 Downtown Lexington Corporation $ 42,710
1101-900104-0001-71101 World Trade Center Kentucky $ 100,000
1101-900105-0001-71101 SCORE $ 5,540
1101-900107-0001-71101 Lyric $ 160,000
1101-900609-0001-82101 Downtown Development Authority $ 348,000
This Fiscal Year Impact: $
Annual Impact: $ 1,113,250.00
Project:
Activity:
Budget Reference:
Current Balance: $ 1,113,250.00
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 Purchase of Service Agreements for FY2014, which are attached hereto and incorporated herein by reference, with Commerce Lexington, Downtown Lexington Corporation, Kentucky World Trade Center, Lexington Kentucky Chapter of SCORE, Lyric Theatre and Cultural Arts Center, Inc., and Lexington Downtown Development Authority, Inc., to provide services to the public.
Section 2 - That an amount, not to exceed the sum of $1,188,360.00, be and hereby is approved for payment to Commerce Lexington ($457,000.00 from account # 1101-900101-71101), Downtown Lexington Corporation ($42,710.00 from account #1101-900103-71101), Kentucky World Trade Center ($100,000.00 from account #1101-900104-71101), Lexington Kentucky Chapter of SCORE ($5,540.00 from account #1101-900105-71101), Lyric Theatre and Cultural Arts Center, Inc. ($160,000.00 from account #1101-900107-71101), and Lexington Downtown Development Authority, Inc. ($348,000.00 from account #1101-900609-82101), pursuant to the terms of the respective Purchase of Service Agreements.
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