Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement with the Lyric Theatre and Cultural Arts Center Inc., for the operation of the Lyric Theatre, at a cost not to exceed $127,500. [Office of the Mayor, Lyons]
Summary
Authorization to execute a purchase of service Agreement with the Lyric Theatre to provide funding support for FY 2025 in the amount of $127,500. Funds are Budgeted. (L0775-24) (Lyons/Scott)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes, Completed by [William Razor, 8/9/2024]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-900107-0001-71101
This Fiscal Year Impact: $127,500.00
Annual Impact: $N/A
Project:
Activity:
Budget Reference:
Current Balance: $127,500.00
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 the Purchase of Service Agreement, which is attached hereto and incorporated herein by reference, with the Lyric Theatre and Cultural Arts Center Inc., for the operation of the Lyric Theatre.
Section 2 - That an amount, not to exceed the sum of $127,500.00, be and hereby is approved for payment to the Lyric Theatre and Cultural Arts Center Inc., from account #1101-900107-0001-71101, pursuant to the terms of the Purchase of Service Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0775-24:WDR:4866-4689-0969, v. 1