Title
A Resolution authorizing the Dept. of Finance and Administration to designate funds equal to 1% of the total Budgeted cost for Capital Improvement Projects other than those projects required by law within the Dept. of General Services for the purpose of funding the purchase, commissioning, installation, and maintenance of art on property owned or operated by the Urban County Government, which funds shall be allocated from the General Fund, an additional amount added to the bond, or a combination of the two, provided that all funds raised through the issue of bonds shall be maintained, accounted for, and used in accordance with the legal restrictions related thereto. [Council Office, Maynard]
Summary
[A Resolution authorizing the Dept. of Finance and Administration to designate funds equal to 1% of the total Budgeted cost for Capital Improvement Projects other than those projects required by law within the Dept. of General Services for the purpose of funding the purchase, commissioning, installation, and maintenance of art on property owned or operated by the Urban County Government, which funds shall be allocated from the General Fund, an additional amount added to the bond, or a combination of the two, provided that all funds raised through the issue of bonds shall be maintained, accounted for, and used in accordance with the legal restrictions related thereto. [Council Office, Maynard]
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That an amount equal to 1% of the funds budgeted by the Lexington-Fayette Urban County Government for general fund capital improvement projects costing less than ten million dollars ($10,000,000.00), other than those projects required by law, shall be designated annually within the Department of General Services for the purchase, commissioning, installation, and maintenance of public art through a transfer from the general fund to one or more Capital Project Funds designated for such purpose or by an additional amount added to the bond, or a combination of the two. Provided, however, that all such designated funds raised through the issue of bonds shall be maintained, accounted for, and used in accordance with the legal restrictions related thereto.
Section 2 - That an amount equal to 1% of the funds budgeted by the Lexington-Fayette Urban County Government for general fund capital improvement projects costing ten million dollars ($10,000,000.00) or more, other than those projects required by law, shall be designated annually within the Department of General Services for the purchase, commissioning, installation, and maintenance of public art in, at, or on the project site through a transfer from the general fund to one or more Capital Project Funds designated for such purpose or by an additional amount added to the bond, or a combination of the two. Provided, however, that all such designated funds raised through the issue of bonds shall be maintained, accounted for, and used in accordance with the legal restrictions related thereto.
Section 3 - That the administration shall identify the amount and source(s) of funds to be designated for the purchase, commissioning, installation, and maintenance of public art each year in its presentation to the Urban County Council of its proposed Capital Improvement Project budget for the following fiscal year.
Section 4 - That the Resolution shall become effective in the Fiscal Year 2020 budget, and remain in effect each year thereafter unless modified by Council.
PASSED URBAN COUNTY COUNCIL: