Lexington-Fayette Urban County Government - File #: 0319-15

• File #: 0319-15
• Version: 1
• Name: Fire Station #24 - Land Purchase Agreement
• Type: Resolution
• Status: Approved
• File created: 3/9/2015
• In control: Urban County Council
• On agenda: 3/19/2015
• Final action: 3/19/2015
• Enactment date: 3/19/2015
• Enactment #: R-161-2015
• Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase Agreement with Masterson Properties, LLC, for the purchase of lots 80-83 and 90-93 of Greendale Hills Unit 2, to be used for the construction of Fire Station #24, at a cost not to exceed $280,000.00, plus usual and appropriate closing costs. [Div. of Fire and Emergency Services, Jackson]

Date	Ver.	Action By	Action	Result
3/19/2015	1	Urban County Council	Received First Reading
3/19/2015	1	Urban County Council	Suspended Rules for Second Reading	Pass
3/19/2015	1	Urban County Council	Approved	Pass
3/17/2015	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title

A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase Agreement with Masterson Properties, LLC, for the purchase of lots 80-83 and 90-93 of Greendale Hills Unit 2, to be used for the construction of Fire Station #24, at a cost not to exceed $280,000.00, plus usual and appropriate closing costs. [Div. of Fire and Emergency Services, Jackson]

Summary

Authorization to purchase property located at Greendale Hills Unit 2 that will include lots 80 through 83 and lots 90 through 93. The land will be used for the construction of Fire Station #24. Funds for the purchase are budgeted. Cost will be $280,000.00. (L0319-15)(Jackson/Bastin)  

Budgetary Implications: Yes        

Advance Document Review:  Department of Law (Charles Edwards III); Purchasing (Todd Slatin)

Fully Budgeted:      BA to be processed

Account Number(s):             2604-505704-5742-90111             $243,750

                        1101-505704-5742-90111             $36,250

This Fiscal Year Impact:      $280,000.00                        

Annual Impact:       N/A

Project:

Activity:

Budget Reference: 2015

Current Balance:       2604-505704-5742-9011            $243,750.00

                  1101-505704-5742-90111             BA to be processed

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 Agreement, which is attached hereto and incorporated herein by reference, with Masterson Properties, LLC, for the purchase of lots 80-83 and 90-93 of Greendale Hills Unit 2, to be used for the construction of Fire Station #24.

      Section 2 - That an amount, not to exceed the sum of $280,000.00, plus usual and appropriate closing costs, be and hereby is approved for payment to Masterson Properties, LLC, from accounts #2604-505704-5742-90111 and #1101-505704-5742-90111, 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