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 CBZ Enterprise, LLC, for a stormwater quality project, at a cost not to exceed $331,500. [Div. of Water Quality, Martin]
Summary
Authorization to approve an FY25 (Class B Infrastructure) Stormwater Quality Projects Incentive Grant for CBZ Enterprise, LLC. in the amount of $331,500.00 for a project relating to reducing flooding hazards and stormwater runoff and improving water quality at the property located at 938 Manchester Street. Funds are Budgeted. (L0307-25)(Martin/Albright)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Garbriel Thatcher 03/26/25
Risk Management: No
Fully Budgeted [select]: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $331,500.00
Annual Impact: $
Project: WQINCENTIVE_25
Activity: WQ_GRANT
Budget Reference:
Current Balance: $623,272.55
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 CBZ Enterprise, LLC, for a stormwater quality project.
Section 2 - That an amount, not to exceed $331,500.00, be and hereby is approved for payment to CBZ Enterprise, LLC, 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
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0307-25:GET_4921-8741-1251, v. 1