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File #: 0887-24    Version: 1 Name: FY2025 Economic Development Partner PSA – Community Ventures Corporation
Type: Resolution Status: Approved
File created: 8/30/2024 In control: Urban County Council
On agenda: 9/12/2024 Final action: 9/12/2024
Enactment date: 9/12/2024 Enactment #: R-464-2024
Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement (PSA) with Community Ventures Corporation, pursuant to RFP #35-2024, to assist with small business owner connections and networking, entrepreneurial development/start-up assistance, minority owned business development, and women owned business development, at a cost not to exceed the sum of $63,220.17. [Office of the Mayor, Glasscock]
Attachments: 1. Blue Sheet Community Ventures Corporation FY2025, 2. Community Ventures Corporation Signed Agreement Partner Services FY2025, 3. RESO 0887-24 EDP PSA Community Ventures FY25 4872-5178-1857 v.1.pdf, 4. R-464-2024

Title

A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement (PSA) with Community Ventures Corporation, pursuant to RFP #35-2024, to assist with small business owner connections and networking, entrepreneurial development/start-up assistance, minority owned business development, and women owned business development, at a cost not to exceed the sum of $63,220.17. [Office of the Mayor, Glasscock]

 

Summary

Authorization to execute a Purchase of Services Agreement (PSA) with economic development partner agency Community Ventures Corporation, pursuant to RFP 35-2024, to assist with small business owner connections and networking; entrepreneurial development/start-up assistance; minority owned business development; and women owned business development, for an amount of $63,220.17. Budget amendment in process. (L0887-24) (Glasscock/Atkins)

Budgetary Implications: Yes

Advance Document Review:

Law: {Yes, Completed by [Tiffany Holskey, 8/30/2024]}

Risk Management: NA

Fully Budgeted: Budget Journal 150062

Account Number:                     1101-900204-0001-71101

This Fiscal Year Impact:                     $63,220.17

Annual Impact:                      NA

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 to execute a Purchase of Service Agreement (PSA), which is attached hereto and incorporated herein by reference, with Community Ventures Corporation, pursuant to RFP #35-2024, to assist with small business owner connections and networking, entrepreneurial development/start-up assistance, minority owned business development, and women owned business development.

                     Section 2 - That an amount, not to exceed the sum of $63,220.17, be and hereby is approved for payment to Community Ventures Corporation., from account #1101-900204-71101, pursuant to the terms of the Agreement and contingent upon approval of a pending Budget amendment.

                     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

0887-24:TAH:4872-5178-1857, v. 1