Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Amendment to Agreement with REACH, Inc., for an additional $166,000 for the First-Time Homebuyers Program, at a cost not to exceed an additional $166,000. [Div. of Grants and Special Programs, Gooding]
Summary
Authorization to execute amendment to First-Time Homebuyers Program Agreement with REACH, Inc., for provision of additional funds in the amount of $166,000 to serve additional first-time homebuyers. (L578-12) (Gooding/Moloney)
This is a request to execute amendment to First-Time Homebuyers Program Agreement with REACH, Inc., for provision of additional funds in the amount of $166,000 to serve additional first-time homebuyers. This brings the total project cost to $526,000. Funds are in the process of being budgeted.
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes
Account Number: 3120-900202-0001-78107
This Fiscal Year Impact: $166,000
Annual Impact: $
Project: HOME_2012
Activity: H01
Budget Reference: 2012
Current Balance: BA 4238 in process
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 Amendment to Agreement, which is attached hereto and incorporated herein by reference, with REACH, Inc., for an additional $166,000.00 for the First-Time Homebuyers Program.
Section 2 - That an amount, not to exceed the sum of an additional $166,000.00, be and hereby is approved for payment to REACH, Inc., from account # 3120 - 900202 - 78107, pursuant to the terms of the Amendment to 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 C...
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