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File #: 0921-15    Version: 1 Name: Economic Development PSAs 2016
Type: Resolution Status: Approved
File created: 6/30/2015 In control: Urban County Council
On agenda: 7/7/2015 Final action: 7/7/2015
Enactment date: 7/7/2015 Enactment #: R-484-2015
Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute Purchase of Service Agreements for FY2016 with Commerce Lexington, Inc. ($507,000), Downtown Lexington Corp. ($42,710), Ky. World Trade Center ($100,000), LexArts, Inc. ($450,000), Lexington Downtown Development Authority, Inc. ($384,890), Lexington Ky. Chapter of Service Corps of Retired Executives, Association, Inc. ($7,000), Lyric Theatre and Cultural Arts Center, Inc. ($130,000), and North Limestone Community Development Corp. ($150,000), at a total cost not to exceed $1,771,600. [Mayor's Office, Atkins]
Attachments: 1. Economic Development PSA Bluesheet Memo, 2. FY2016 PSA Downtown Development Authority FINAL for Signature 06302015, 3. FY2016 PSA Downtown Lexington Corporation FINAL for Signature 06030015, 4. FY2016 PSA LexArts FINAL for Signature 06302015, 5. FY2016 PSA Lyric FINAL for Signature 06302015, 6. FY2016 PSA North Limestone CDC for Signature 06302015, 7. FY2016 PSA Service Corps of Retired Executives FINAL for Signature 06302015, 8. FY2016 PSA World Trade Center FINAL for Signature 06302015, 9. RESOLUTION - 484-2015, 10. Contract 113-2015 - LexArts, 11. Contract 113-2015 Commerce Lex, 12. C-113-2015 -Service Corps Retired Execs, 13. C-113-2015 Lex Downtown Development, 14. C-113-2015 World Trade Center, 15. 113-2015 Downtown Lex Corp, 16. 113-2015 CONTRACT - North Limestone CDD, 17. 113-2015 CONTRACT
Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute Purchase of Service Agreements for FY2016 with Commerce Lexington, Inc. ($507,000), Downtown Lexington Corp. ($42,710), Ky. World Trade Center ($100,000), LexArts, Inc. ($450,000), Lexington Downtown Development Authority, Inc. ($384,890), Lexington Ky. Chapter of Service Corps of Retired Executives, Association, Inc. ($7,000), Lyric Theatre and Cultural Arts Center, Inc. ($130,000), and North Limestone Community Development Corp. ($150,000), at a total cost not to exceed $1,771,600. [Mayor's Office, Atkins]
Summary
Authorization to execute Purchase of Service Agreements with eight partner agencies for economic development activities in fiscal year 2016. The partner agencies are Commerce Lexington ($507,000), Downtown Lexington Corporation ($42,710), Kentucky World Trade Center ($100,000), LexArts ($450,000), Lexington Downtown Development Authority ($384,890), Lexington Kentucky Chapter of Service Corps of Retired Executives ($7,000), Lyric Theatre and Cultural Arts Center ($130,000), and North Limestone Community Development Corporation ($150,000). Funds are budgeted in the FY 16 budget. (L0921-15)(Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by Dave Barberie
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number:
Commerce Lexington $507,000 1101-900101-0001-71101
DLC $42,710 1101-900103-0001-71101
Kentucky World Trade Center $100,000 1101-900104-0001-71101
LexArts $450,000 1101-900109-0001-71101
DDA $384,890 1101-900609-0001-82101
SCORE $7,000 1101-900105-0001-71101
Lyric $130,000 1101-900107-0001-71101
NoLi $150,000 1101-900110-0001-71101

This Fiscal Year Impact: $1,771,600
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $1,771,600
Body
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