Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with Greater Lex, Inc., to provide $320,154 in funding to Greater Lex, Inc. for the Regional Economic Development Collective. [Mayor's Office, Atkins]
Summary
Authorization to execute an Agreement with Greater Lex, Inc. to provide $320,154 to the Greater Lex Regional Economic Development Collective. The collective is a nine-county regional economic development initiative consisting of the local governments (county and city governments) in Bourbon, Clark, Fayette, Franklin, Jessamine, Madison, Montgomery, Scott and Woodford Counties. The one-year Agreement is for the period of July 1, 2025 to June 30, 2026. Funds are Budgeted. (L0926-25)(Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: {Yes, Completed by [Tiffany Holskey, 9/22/2025]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-136102-1365-81101
This Fiscal Year Impact: $320,154.00
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: $320,154.00
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 to execute an Agreement, which is attached hereto and incorporated herein by reference, with Greater Lex, Inc., to provide $320,154.00 in funding to Greater Lex, Inc. for the Regional Economic Development Collective.
Section 2 - That an amount, not to exceed the sum of $320,154.00, be and hereby is approved for payment to Greater Lex, Inc., from account #1101-136102-81101, 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:
________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0926-25:TAH:4903-3866-7376, v. 1