Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Second Amendment to CHDO Agreement with the Fayette County Local Development Corp., to provide for deletion of construction of two rental units and decreasing the available funds accordingly, and to provide an additional $12,424.00 in HOME Investment Partnership Program funds to complete construction of a duplex unit, making the total contract amount $217,017.50. [Div. of Grants & Special Programs, Gooding]
Summary
Authorization to execute Second Amendment to CHDO Agreement with Fayette County Local Development Corporation (Urban League) for use of HOME Investment Partnerships Funds for addition of funds in the amount of $12,424 for construction of a duplex at 517-521 Chestnut Street and deletion of construction of duplex at 523 Chestnut Street, for a new total of $217,017.50 (L0019-15)(Gooding)
This is a request to execute Second Amendment to CHDO Agreement with Fayette County Local Development Corporation (Urban League) for use of HOME Investment Partnerships Funds for addition of funds in the amount of $12,424 for construction of a duplex at 517-521 Chestnut Street and deletion of construction of duplex at 523 Chestnut Street, for a new total of $217,017.50
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: YES
Account Number: 3120-900207-0001-71101
This Fiscal Year Impact: $12,424
Annual Impact: $
Project: HOME_2013
Activity: H02
Budget Reference: 2013
Current Balance: $149,714.34
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 an Amendment to CHDO Agreement, which is attached hereto and incorporated herein by reference, with the Fayette County Local Development Corporation, for the deletion of construction of t...
Click here for full text