Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement with the Lexington and Fayette County Parking Authority to provide parking access for LFUCG employees at downtown garages owned and managed by LexPark, for a period of two years, effective July 1, 2025, at a cost not to exceed $509,740. [Dept. of General Services, Ford]
Summary
Authorization to enter into an Agreement with Lexington & Fayette County Parking Authority to provide parking access for LFUCG employees at downtown garages owned and managed by LexPark for a period of two years, effective July 1, 2025. This will secure parking for approximately 650 employees. At a cost of $509,740. Funds are Budgeted. (L0668-25)(Ford)
Budgetary Implications: Yes
Advance Document Review:
Law:Yes, Completed by Gabriel Thatcher, 5-9-2025
Risk Management: No
Fully Budgeted: Yes in FY26 Budget
Account Number: Regular employees 1101-707201-0001-71252 $369,740.00
Police/Sworn 1101-505502-5521-71305 $140,000.00
This Fiscal Year Impact: NA
Annual Impact: FY26 $509,740.00
Project:
Activity:
Budget Reference:
Current Balance: $509,740.00
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 an Agreement, which is attached hereto and incorporated herein by reference, with the Lexington and Fayette County Parking Authority to provide parking access for LFUCG employees at downtown garages owned and managed by LexPark, for a period of two years, effective July 1, 2025.
Section 2 - That an amount, not to exceed $509,740.00, be and hereby is approved for payment to the Lexington and Fayette County Parking Authority, from account #1101-707201-71252 ($369,740.00) and account #1101-505502-71305 ($140,000.00), 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
0668-25:TAH:4927-4884-2065, v. 1