Title
A Resolution, on behalf of the Urban County Government, ratifying the Mayor’s previous execution of an Agreement accepting an award of $121,178,058 of Federal funds from the U.S. Treasury Dept. under the American Rescue Plan Act, the acceptance of which does not obligate the Urban County Government to the expenditure of funds, authorizing and directing the Mayor to execute all necessary award documents, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Grants and Special Programs, Lanter]
Summary
Authorization to accept an award of $121,178,058 from the U.S. Treasury Department’s Coronavirus Local Fiscal Recovery Fund as authorized by the American Rescue Plan Act and authorizing the Mayor to execute all necessary award documents. (L0495-21) (Lanter/Hamilton)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by David Barberie, 5/10/21
Risk Management: N/A
Fully Budgeted [select]: Partial
Account Number: 3230-XXXXXX-XXXX-XXXXX
This Fiscal Year Impact: $121,178,058
Annual Impact: $0
Project: CV_RECOVERY_2021
Activity: FED_GRANT
Budget Reference: 2021
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Urban County Government hereby ratifies the Mayor’s previous execution of an agreement with the U.S. Treasury Department accepting an award of $121,178,058.00 in federal funds under the American Rescue Plan Act, the acceptance of which does not obligate the Lexington-Fayette Urban County Government to the expenditure of funds.
Section 2 - That subject to the provisions of Ordinance No. 22-79, the Mayor is hereby authorized, in her discretion as Chief Executive Officer of the Urban County Government, to transfer the unencumbered balance of any operating or capital account ap-propriation to another operating or capital account appropriation within the Grant budget previously established for this Grant.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
________________________________
MAYOR