Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to accept $10,000,000 in Federal funds from the Dept. of Housing and Urban Development (HUD) as an Economic Development Initiative/Community Project Funding (CPF) Award for the Legacy Business Park Infrastructure Installation Project, and authorizing the Mayor to execute an Agreement, and any other documents necessary, in order to accept these funds, and further authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Mayor's Office, Bencz]
Summary
Authorization to execute a FY2024 Community Project Funding Grant Agreement and accept the federal award in the amount of $10,000,000 in congressionally directed spending Economic Development Initiative/Community Project Funding administered by the Department of Housing and Urban Development for the Legacy Business Park infrastructure installation project. No match required. (L0511-25)(Bencz/Atkins)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Tiffany Holskey, 5/15/2025
Risk Management: N/A
Fully Budgeted: Budget amendment is in process.
Account Number: 3120-136103-0001-90319
This Fiscal Year Impact: $ 10,000,000
Annual Impact: $0
Project: CPF_LEGACY_2025
Activity: FED_GRANT
Budget Reference: 2025
Current Balance: BA in process
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 accept $10,000,000.00 in Federal funds from the Department of Housing and Urban Development (HUD) as an Economic Development Initiative/Community Project Funding (CPF) award for the Legacy Business Park Infrastructure Installation Project.
Section 2 - That the Mayor be and hereby is authorized and directed to execute an Agreement, which is attached hereto and incorporated herein by reference, and any other documents necessary, in order to accept these funds.
Section 3 - That subject to the provisions of Section 7-48 of the Lexington-Fayette Urban County Government Code of Ordinances, the Mayor is hereby authorized, in her discretion as Chief Executive Officer of the Urban County Government, to transfer the unencumbered balance of any operating or capital account appropriation to another operating or capital account appropriation within the Grant Budget previously established for this Grant.
Section 4 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR
ATTEST:
_____________________________-___
CLERK OF URBAN COUNTY COUNCIL
0511-25:TAH:4927-1377-7990, v. 1