Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Memorandum of Agreement with NAMI Lexington (KY), Inc., and any other documents related to the purchase of property located at 865-869 Sparta Court, the final form of which shall be subject to the approval of the Dept. of Law, at a cost not to exceed $141,211. [Dept. of Housing Advocacy and Community Development, Lanter]
Summary
Authorization to execute a Memorandum of Agreement with NAMI Lexington, Inc., and any other documents related to the purchase of property located at 865-869 Sparta Court. At a cost not to exceed $141,211.00. Funds were Budgeted from the FY2024 Fund Balance for this purpose. (L1197-24) (Lanter)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by Tiffany Holskey, November 18, 2024
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: BA in process
Account Number: 1101 900349 0001 71101
This Fiscal Year Impact: $141,211.00
Annual Impact: $0
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 a Memorandum of Agreement with NAMI Lexington (KY), Inc., and any other documents related to the purchase of the property located at 865-869 Sparta Court, drafts of which are attached hereto and the final forms of which shall be subject to the approval of the Department of Law, at a cost not to exceed $141,211.00.
Section 2 - That an amount, not to exceed $141,211.00, is hereby authorized for payment to NAMI Lexington (KY), Inc. from account #1101-900349-71101, 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
1197-24:TAH:4916-0932-6849, v. 1