Title
An Ordinance amending Ordinance No. 148-2012 pertaining to the 21C Development Area, to replace the Lexington Downtown Development Authority, Inc., as the designated agency for oversight, administration, and implementation of the Development Area with the Lexington-Fayette Urban County Government's Dept. of Finance, and to designate the Commissioner of Finance as the authorized agent in all relevant sections of the ordinance and any related agreements or documents, and authorizing the Mayor and/or the Commissioner of Finance, to execute on behalf of the Urban County Government and the Dept. of Finance, any agreements or documents necessary to reflect these amendments. [Mayor's Office, Atkins]
Summary
Authorization to amend Ordinance 148-2012 to change the oversight agency for the 21c TIF from the Lexington Downtown Development Authority to LFUCG's Department of Finance and to execute a Letter of Agreement with the state related to the amendment. (L1205-13) (Atkins)
This is a request to amend Ordinance 148-2012 to change the oversight agency for the 21c TIF from the Lexington Downtown Development Authority to LFUCG's Department of Finance and to execute a Letter of Agreement with the state related to the amendment.
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes/No/Partial
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That Lexington-Fayette Urban County Government Ordinance No. 148-2012, pertaining to the 21C Development Area, be and hereby is amended to replace the Lexington Downtown Development Authority, Inc., as the designated agency for oversight, administration, and implementation of the development area with the Lexington-Fayette Urban County Government's Department of Finance, and to designate the Commissioner of Finance as the authorized agent, in all relevant sections of the ordinance and any related agreements or documents.
Section 2 - That Ordinance No. 148-2012 otherwise remains unchanged.
Section 3 - That the Mayor and/or the Commissioner of Finance, be and hereby are authorized to execute on behalf of the Lexington-Fayette Urban County Government and the Department of Finance, any agreements or documents necessary to reflect these amendments.
Section 4 - That this Ordinance shall be effective immediately upon passage.
PASSED URBAN COUNTY COUNCIL:
_________________________________
MAYOR
ATTEST:
_________________________________
CLERK OF URBAN COUNTY COUNCIL