Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Memorandum of Agreement with the Commonwealth of Ky. Office of the Governor Dept. for Local Government, for acceptance and administration of Grants funds for the Lexington Downtown Redevelopment Project (Rupp Arena) in the amount of $2,500,000, the acceptance of which obligates the Urban County Government for the expenditure of $2,500,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant budget. [Mayor's Office, Atkins]
Summary
Authorization to execute a Memorandum of Agreement (MOA) with the Commonwealth of Kentucky Office of the Governor Department for Local Government for the administration of the grant, and accept funds, approved for the Lexington Downtown Redevelopment project (L376-12) (Atkins)
This is a request to adopt the MOA with the Commonwealth of Kentucky Office of the Governor Department for Local Government for the administration of the grant approved for the Lexington Downtown Redevelopment project and accept funds in the amount of $2,500,000.
Budgetary Implications: Yes
Advance Document Review: Law/Risk Management
Fully Budgeted: FY 2013 BA 4922 and 4923 in process; FY 2014 BA in process
Account Number: 3400-900601-0001-71101
This Fiscal Year Impact: $2,500,000
Annual Impact: $
Project: RUPP_2013
Activity: SUPP_2014
Budget Reference: 2013
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 a Memorandum of Agreement with the Commonwealth of Kentucky Office of the Governor Department for Local Government, which is attached hereto and incorporated herein by reference, for acceptance and administration of grants funds for the Lexington Downtown Redevelopment Project (Rupp Arena) in the amount of $2,500,000.00, the acceptance of which obligates the Urban County Government for the expenditure of $2,500,000.00 as a local match.
Section 2 - That subject to the provisions of Ordinance No. 22-79, the Mayor is hereby authorized, in his 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 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL