Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Memorandum of Agreement with Bluegrass Sports Commission, Inc. granting the Commission $50,000 to be used for a sports complex feasibility study, site plan, and fundraising for Cardinal Run Park. [Dept. of General Services, Reed]
Summary
Authorization to enter into a Memorandum of Agreement with Bluegrass Sports Commission, Inc. to perform services related to a sports complex feasibility study for Cardinal Run Park. The study will include preliminary geotechnical investigation, plan study for the park and any sports that May be recommended for the site, development of a strategy for raising funds for park improvement, and publicizing LFUCG’s capital campaign to raise funds for park improvements. The cost is $50,000.00. Funds are Budgeted. (L91-16) (Reed)
Budgetary Implications: Yes
Advance Document Review: Department of Law (Charles Edwards III)
Fully Budgeted: Yes
Account Number: 2606-707601-7211-71299
This Fiscal Year Impact: $50,000.00
Annual Impact: $
Project: SPORTCMPLX_2016
Activity: STUDY
Budget Reference: 2016
Current Balance: $50,000.00
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 the Memorandum of Agreement, which is attached hereto and incorporated herein by reference, with Bluegrass Sports Commission, Inc. granting the Commission $50,000.00 to be used for a sports complex feasibility study, site plan, and fundraising for Cardinal Run Park.
Section 2 - That an amount not to exceed the sum of $50,000.00 be and hereby is approved for payment to Bluegrass Sports Commission, Inc. from account 2606-707601-71299-7211, pursuant to the terms of the Memorandum of 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