Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute Purchase of Service Agreements for FY2015 with Commerce Lexington ($457,000), Downtown Lexington Corp. ($42,710), Ky. World Trade Center, Inc. d/b/a World Trade Center Ky. ($100,000), Lexington Kentucky Chapter of SCORE ($7,000), Lyric Theatre and Cultural Arts Center, Inc. ($160,000), Bluegrass Area Development District ($87,060), and Lexington Downtown Development Authority, Inc. ($388,950), at a total cost not to exceed $1,242,720. [Mayor's Office, Atkins]
Summary
Authorization to execute Purchase of Service Agreements for FY 2015 with seven (7) Economic Development Partner Agencies. (L0678-14) (Atkins)
This is a request to execute Purchase of Service Agreements for FY 2015 with seven (7) Economic Development Partner Agencies for an amount of $1,242,720. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes
Account Number:
Commerce Lexington |
1101-900101-0001-71101 |
457,000.00 |
Downtown Lexington Corporation |
1101-900103-0001-71101 |
42,710.00 |
World Trade Center Kentucky |
1101-900104-0001-71101 |
100,000.00 |
SCORE |
1101-900105-0001-71101 |
7,000.00 |
Lyric |
1101-900107-0001-71101 |
160,000.00 |
Bluegrass Area Dev District |
1101-900302-0001-71101 |
87,060.00 |
Downtown Development Authority |
1101-900609-0001-82101 |
388,950.00 |
This Fiscal Year Impact: $1,242,720
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $1,242,720 FY 2015
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 Purchase of Service Agreements for FY2015, which are attached hereto and incorporated herein by reference, with Commerce Lexington, Downtown Lexington Corporation, Kentucky World Trade Center, Inc. d/b/a World Trade Center Kentucky, Lexington Kentucky Chapter of SCORE, Lyric Theatre and Cultural Arts Center, Inc., Bluegrass Area Development District, and Lexington Downtown Development Authority, Inc., to provide services to the public.
Section 2 - That an amount, not to exceed the sum of $1,242,720.00, be and hereby is approved for payment to Commerce Lexington ($457,000.00 from account # 1101-900101-71101), Downtown Lexington Corporation ($42,710.00 from account #1101-900103-71101), Kentucky World Trade Center ($100,000.00 from account #1101-900104-71101), Lexington Kentucky Chapter of SCORE ($7,000.00 from account #1101-900105-71101), Lyric Theatre and Cultural Arts Center, Inc. ($160,000.00 from account #1101-900107-71101), Bluegrass Area Development District ($87,060.00 from account #1101-900302-71101), and Lexington Downtown Development Authority, Inc. ($388,950.00 from account #1101-900609-82101), pursuant to the terms of the respective Purchase of Service Agreements.
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