Lexington-Fayette Urban County Government - File #: 0900-14

• File #: 0900-14
• Version: 2
• Name: Amend Turfland TIFF
• Type: Ordinance
• Status: Approved
• File created: 8/25/2014
• In control: Urban County Council
• On agenda: 9/11/2014
• Final action: 9/11/2014
• Enactment date: 9/11/2014
• Enactment #: O-109-2014
• Title: An Ordinance relating to the Turfland Town Center Development Area the "Development Area") established by Ordinance No. 78-2010 of the Lexington-Fayette Urban County Government (the "Development Area Ordinance"); approving an Amended and Restated Local Participation Agreement applicable to the Development Area; approving a Master Development Agreement relating to the Turfland Town Center Project within the Development Area; authorizing the Dept. of Finance, as the agency designated for the Development Area in the Development Area Ordinance to apply for a Tax Incentive Agreement applicable to the Development Area; authorizing the Mayor and other staff of the Lexington-Fayette Urban County Government to execute all documents in accordance herewith for the development of the Development Area consistent with the Amended and Restated Local Participation Agreement, the Master Development Agreement and any tax incentive agreement applicable to the Development Area. [Mayor's Office, Atkins]

Date	Ver.	Action By	Action	Result
9/11/2014	2	Urban County Council	Received First Reading
9/11/2014	2	Urban County Council	Suspended Rules for Second Reading	Pass
9/11/2014	2	Urban County Council	Approved	Pass
9/9/2014	2	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title
An Ordinance relating to the Turfland Town Center Development Area the "Development Area") established by Ordinance No. 78-2010 of the Lexington-Fayette Urban County Government (the "Development Area Ordinance"); approving an Amended and Restated Local Participation Agreement applicable to the Development Area; approving a Master Development Agreement relating to the Turfland Town Center Project within the Development Area; authorizing the Dept. of Finance, as the agency designated for the Development Area in the Development Area Ordinance to apply for a Tax Incentive Agreement applicable to the Development Area; authorizing the Mayor and other staff of the Lexington-Fayette Urban County Government to execute all documents in accordance herewith for the development of the Development Area consistent with the Amended and Restated Local Participation Agreement, the Master Development Agreement and any tax incentive agreement applicable to the Development Area. [Mayor's Office, Atkins]
Summary
Authorization to amend Ordinance 78-210 relating to the Turfland Town Center Development Area and to approve submission of the amended Turfland Town Center application to the Kentucky Economic Development Finance Authority. (L0900-14)(Atkins)
This is a request to amend Ordinance 78-210 relating to the Turfland Town Center Development Area and to approve submission of the amended Turfland Town Center TIF application to the Kentucky Economic Development Finance Authority. There is no budgetary impact.
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes/No/Partial
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the Lexington-Fayette Urban County Government, Commonwealth of Kentucky ("LFUCG") pursuant to KRS 65.7041 to 65.7083 (the "Act"), through the adoption of the Development Area Ordinance, established the Turfland To...