Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute the Extension Deposit Agreement and related documents with Ky. American Water, for installation of water main infrastructure, water main relocation, and a master meter at the Legacy Business Park, at a cost not to exceed $1,410,240. [Mayor's Office, Bencz]
Summary
Authorization to execute an Extension Deposit Agreement and Letters of Agreement for the installation of water main infrastructure, water main relocation, and the installation of a master meter with Kentucky American Water for the Legacy Business Park project at a cost of $1,410,241.00, $1,139,549.00 of which is a partially refundable deposit. Budget amendment in process. (L0278-26)(Bencz/Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes, Completed by [Evan Thompson, 4/2/2026]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: A Budget amendment is in process
Account Number: 1105-136103-0001-90319
This Fiscal Year Impact: $1,410,241.00
Annual Impact: $N/A
Project: LEGACYBUSP_2024
Activity:
Budget Reference: 2024
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 the Extension Deposit Agreement, which is attached hereto and incorporated herein by reference, and related documents, with Kentucky American Water, for installation of water main infrastructure, water main relocation, and a master meter at the Legacy Business Park.
Section 2 - That an amount, not to exceed the sum of $1,410,240.00, be and hereby is approved for payment to Kentucky American Water, from account # 1105-136103-0001-90319, pursuant to the terms of the relevant Agreements 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 THE URBAN COUNTY COUNCIL
0278-26:EPT_4922-7821-4305, v. 1