Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement awarding a Class B (Infrastructure) Incentive Grant to Lexington Center Corporation, for Stormwater Quality Projects, at a cost not to exceed $299,874. [Div. of Water Quality, Martin]
Summary
Authorization to execute an Agreement awarding a Class B (Infrastructure) Incentive Grant to Lexington Center Corporation, for stormwater quality projects, in the amount of $299,874.00. Funds are Budgeted. (L0205-22) (Martin/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Michael Cravens, 2/17/2022
Risk Management: No
Fully Budgeted: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $299,874.00
Annual Impact: $
Project: WQINCENTIVE_22
Activity: WQ_GRANT
Budget Reference:
Current Balance: $1,510,283.58
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 to execute an agreement, which is attached hereto and incorporated herein by reference, awarding a Class B (Infrastructure) Incentive Grant to Lexington Center Corporation, for stormwater quality projects.
Section 2 - That an amount, not to exceed $299,874.00, be and hereby is approved for payment to Lexington Center Corporation, from account #4052 - 303204 - 78112, pursuant to the terms of the agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR