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File #: 0698-23    Version: 1 Name: Economic Development PSAs FY2024
Type: Resolution Status: Approved
File created: 6/27/2023 In control: Urban County Council
On agenda: 7/13/2023 Final action: 7/13/2023
Enactment date: 7/13/2023 Enactment #: R-403-2023
Title: A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Purchase of Service Agreements (awarded pursuant to RFP 26-2022) with Commerce Lexington, Inc. ($300,000) and Urban League of Lexington-Fayette County, Inc. ($150,000), to provide economic development services to the community, at a total cost not to exceed $450,000. [Office of the Mayor, Atkins]
Attachments: 1. Blue Sheet Economic Development Partners FY 2024 FINAL, 2. Commerce Lexington Purchase of Service Agreement Signed FY2024, 3. Urban League of Lexington Purchase of Service Agreement Signed FY2024, 4. 00785991.pdf, 5. R-403-2023, 6. Contract #203-2023, 7. Contract #203-2023 Commerce Lexington, 8. Contract #203-2023 Urban League Lexington Fayette County

Title

A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Purchase of Service Agreements (awarded pursuant to RFP 26-2022) with Commerce Lexington, Inc. ($300,000) and Urban League of Lexington-Fayette County, Inc. ($150,000), to provide economic development services to the community, at a total cost not to exceed $450,000. [Office of the Mayor, Atkins]

 

Summary

Authorization to execute Purchase of Services Agreements (PSAs), pursuant to RFP No. 26-2022, with Commerce Lexington and Urban League of Lexington-Fayette County for economic development partnership services for FY 2024. Budget Amendment in process. (L0698-23) (Atkins)

Budgetary Implications: Yes

Advance Document Review:

Law: Yes, Evan Thompson

Risk Management: No

Fully Budgeted: BA in process

Account Numbers:

1101-900101-0001-71101 Commerce Lexington: $300,000.00

1101-900206-0001-71101Urban League: $150,000.00

 

This Fiscal Year Impact: $450,000.00

Annual Impact: N/A

Project:

Activity:

Budget Reference:

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 execute Purchase of Service Agreements (awarded pursuant to RFP 26-2022), which are attached hereto and incorporated herein by reference, with Commerce Lexington, Inc. and the Urban League of Lexington-Fayette County, Incorporated.

                     Section 2 - That an amount, not to exceed the sum of $450,000.00, be and hereby is approved for payment to Commerce Lexington, Inc. ($300,000.00 from # 1101-900101-0001-71101) and Urban League of Lexington-Fayette County ($150,000.00 from # 1101-900206-0001-71101), pursuant to the terms of the 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

0698-23:EPT:X:\CASES\MOED\23-LE0001\LEG\00785991.DOCX