Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute amendments to existing loan documentation for multiple projects that have been awarded Federal funds pursuant to the multi-year Consolidated Plan and/or Annual Action Plan Home Investment Partnerships Program, in order to adopt the annual utility allowance established by the Lexington-Fayette Housing Authority, where the final form of the amendments shall materially comply with the attached exemplar Agreements, subject to the approval of the Dept. of Law and the Div. of Grants and Special Programs; and further authorizing the Mayor to execute all other necessary documents related to these amendments. [Div. of Grants and Special Programs, Reynolds]
Summary
Authorization to execute thirty-three amendments to existing loan documentation, affecting multi-year Consolidated Plan/Annual Action Plan HOME Investment Partnerships Program projects to adopt the annual Utility Allowance established by Lexington-Fayette Housing Authority instead of the U.S. Department of Housing Urban Development (HUD) Utility Schedule Model for easy transparency for partners HOME-assisted rental units, and authorizing the Mayor to execute any other Agreements or amendments for multi-year Consolidated Plan/Annual Action Plan HOME Investment Partnerships Program Projects related to the use of these funds. No Budgetary impact. (L1125-25)(Reynolds/Lanter)
Budgetary Implications: NO
Advance Document Review:
Law: Yes, Completed by Brittany Smith 9/11/2025
Risk Management: N/A
Fully Budgeted:
Account Number:
This Fiscal Year Impact: $0
Annual Impact: $0
Project:
Activity:
Budget Reference:
Current Balance:
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 multiple amendments to existing loan documentation...
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