Title
A Resolution authorizing and directing the Mayor or her designee, on behalf of the Urban County Government, to execute the Third Amended Easement Agreement, and any related documents, with R.J. Corman Railroad Property, LLC for property interests necessary for construction of the Town Branch Trail Phase 3 Project, for the Div. of Engineering, at a cost not to exceed $1, plus any additional costs required pursuant to the easement Agreement subject to the Budgeting of sufficient funds. [Div. of Engineering, Burton]
Summary
Authorization to execute the Third Amended Easement Agreement between R.J. Corman RailRd. Property, LLC (R.J. Corman) and Lexington-Fayette Urban County Government for the construction of Town Branch Trail Phase 3. At a cost of $1.00, funds are Budgeted. (L0409-25)(Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Evan Thompson, 4/14/2025
Risk Management: N/A
Fully Budgeted: Yes
Account Number: 3160-303202-3225-90311
This Fiscal Year Impact: $1.00
Annual Impact: $0
Project: TOWNBRNC3_2008
Activity: MS_GRANT
Budget Reference: 2008
Current Balance: $422,298.50
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor or her designee, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute the Third Amended Easement Agreement, which is attached hereto and incorporated herein by reference, and any related documents, with R.J. Corman RailRd. Property, LLC, for property interests necessary for construction of the Town Branch Trail Phase 3 Project, for the Division of Engineering.
Section 2 - That an amount, not to exceed the sum of $1.00, be and hereby is approved for payment to R.J. Corman RailRd. Property, LLC, from account # 3160-303202-3225-90311, pursuant to the terms of the Third Amended Easement Agreement, with payment of any additional costs required pursuant to the Easement Agreement subject to the Budgeting of sufficient funds.
Section 3 - This Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
__________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0409-25:EPT_4923-9956-8447, v. 1