Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement awarding a Class B (Infrastructure) Incentive Grant to the University of Ky. Research Foundation, for a Stormwater Quality Project, at a cost not to exceed $322,000. [Div. of Water Quality, Martin]
Summary
Authorization to approve an FY25 (Class B Infrastructure) Stormwater Quality Projects Incentive Grant for the University of Kentucky Research Foundation, in the amount of $322,000.00 for a project to mitigate damages to the downstream infiltration basin and loss of tree canopy at the UK Barnhard Family Athletics Complex. Funds are Budgeted. (L0505-25)(Martin/Albright)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes Todd Henning 5/16/25
Risk Management: No
Fully Budgeted [select]: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $322,000.00
Annual Impact: $
Project: WQINCENTIVE_25
Activity: WQ_GRANT
Budget Reference:
Current Balance: $363,034.00
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 to execute an Agreement, which is attached hereto and incorporated herein by reference, awarding a Class B (Infrastructure) Incentive Grant to the University of Kentucky Research Foundation, for a stormwater quality project.
Section 2 - That an amount, not to exceed $322,000.00, be and hereby is approved for payment to CBZ Enterprise, LLC, from account # 4052-303204-3372-78112, pursuant to the terms of the Agreement.
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
0505-25:JTH:4912-5456-7749, v. 1