Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement (PSA) with Commerce Lexington, Inc., pursuant to RFP #35-2024, to assist with new business development and existing business retention and expansion, at a cost not to exceed the sum of $209,061.41. [Mayor's Office, Glasscock]
Summary
Authorization to execute a Purchase of Services Agreement with Commerce Lexington to assist LFUCG with New Business Development and Existing Business Retention and Expansion pursuant to RFP 35-2024 at a cost of $209,061.41 for the period of July 1, 2025 to June 30, 2026 as approved by the Lexington Economic Development Investment Board. Funds are Budgeted. (L0584-25)(Glasscock/Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 6/6/2025]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-900101-0001-71101
This Fiscal Year Impact: $ 209,061.41
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: fully Budgeted in 1101-900112
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 Purchase of Service Agreement (PSA), which is attached hereto and incorporated herein by reference, with Commerce Lexington, Inc., pursuant to RFP #35-2024, to assist with new business development and existing business retention and expansion.
Section 2 - That an amount, not to exceed the sum of $209,061.41, be and hereby is approved for payment to Commerce Lexington, Inc., from account #1101-900101-71101, pursuant to the terms of the agreement.
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
0584-25:TAH:4896-6262-7151, v. 1