Lexington-Fayette Urban County Government - File #: 1165-22

• File #: 1165-22
• Version: 2
• Name: Infrastructure Program
• Type: Ordinance
• Status: Approved
• File created: 11/10/2022
• In control: Urban County Council
• On agenda: 12/6/2022
• Final action: 12/6/2022
• Enactment date: 12/6/2022
• Enactment #: O-141-2022
• Title: An Ordinance amending and restating Ordinance No. 51-2017, which created the Public Infrastructure Program, in its entirety, and providing for its purpose, program fund protections, priorities, limitations, criteria, an application process, administration by the Mayor's Chief Development Officer with oversight by the Economic Development Investment Board, and a Program Fund; all effective upon date of passage. [Mayor's Office, Atkins]

Date	Ver.	Action By	Action	Result
12/6/2022	2	Urban County Council	Approved	Pass
12/1/2022	2	Urban County Council	Received First Reading
11/29/2022	2	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title
An Ordinance amending and restating Ordinance No. 51-2017, which created the Public Infrastructure Program, in its entirety, and providing for its purpose, program fund protections, priorities, limitations, criteria, an application process, administration by the Mayor's Chief Development Officer with oversight by the Economic Development Investment Board, and a Program Fund; all effective upon date of passage. [Mayor's Office, Atkins]
Summary
Authorization to amend and restate Ordinance No. 51-217, which created the Public Infrastructure Program, in its entirety, to provide for its purpose, Program fund protection, priorities, limitations, criteria, an application process, administration by the Mayor's Chief Development Officer with oversight by the Economic Development Investment Board, and a Program fund Budgeted in FY 2023 in the amount of $3,000,000. (L1165-22) (Atkins)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Emilee Buttram, 11/9/2022
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: Yes
Account Number: 1146-136101-0001-78103
This Fiscal Year Impact: $3,000,000
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $3,000,000.00
Body
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That Ordinance No. 51-2017, which created the Public Infrastructure Program, is amended and restated in its entirety to read as follows:
A. That there is hereby established a local economic development and infill incentive program to be known as the "Lexington Public Infrastructure Program" (the "Program").
B. That the purpose of the Program is to provide certain qualified projects with local funding for public infrastructure improvements through interest-free loans with terms not to exceed ten (10) years in length in order to promote employment growth within Lexington-Fayette County and increase development within ...