Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute the Settlement Agreement with Child Neurology Education and Research Foundation Corporation, related to the Organization’s Incentive Agreement under the Jobs Fund Program, at no additional cost to the Urban County Government. [Mayor's Office, Glasscock]
Summary
Authorization to enter into a settlement Agreement with the Child Neurology Education and Research Foundation Corporation to repay $70,000 to LFUCG in 20 quarterly installments. The Economic Development Investment Board reviewed and recommended this action. (L0269-25)(Glasscock/Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 3/10/25]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]:
Account Number: Fund 1144 /Jobs Fund
This Fiscal Year Impact: NA
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance:
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 the Settlement Agreement, which is attached hereto and incorporated herein by reference, with Child Neurology Education and Research Foundation Corporation, related to the organization’s Incentive Agreement under the Jobs Fund Program, at no additional cost to the Urban County Government.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0269-25:EPT_4934-7330-1036, v. 1