Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with Ballew Estates, LLC to occupy 2,458 square feet at 141-143 East Main St., as known as Alfalfa’s Restaurant, with an annual impact of $34,589.28. [Div. of Facilities and Fleet Management, Baradaran]
Summary
Authorization to enter into a lease Agreement with Ballew Estates, LLC to occupy 2,458 square feet at 141-143 East Main Street, as known as Alfalfa’s Restaurant. The initial term of this Agreement will be for a period of 12 months, July 1, 2020 to June 30, 2021 with two (2) one (1) year automatic rollover options. This will have an annual impact of $34,589.28. (L0455-20) (Baradaran/Conrad)
Budgetary Implications: No
Advance Document Review:
Law: Yes, Completed by Megan Griffith, 4/27/2020
Risk Management: No
Fully Budgeted: NA
Account Number: 1101-11001-0001-42181 (Revenue)
This Fiscal Year Revenue Impact: NA
FY21 Annual Impact: $34,589.28
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 the Lease Agreement, which is attached hereto and incorporated herein by reference, with Ballew Estates, LLC to occupy 2,458 square feet at 141-143 East Main Street, as known as, Alfalfa’s Restaurant, with an annual impact of $34,589.28.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR