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 Transylvania University, for stormwater quality projects, at a cost not to exceed $222,832.80. [Div. of Water Quality, Martin]
Summary
Authorization to execute an Agreement awarding a Class B (Infrastructure) Stormwater Quality Projects Incentive Grant to Transylvania University. The Grant of $222,832.80 will be used to mitigate flooding and erosion issues on Transylvania’s campus at the corner of North Upper and Fourth Street. Funds are Budgeted. (L1412-16) (Martin/Hoskins-Squier)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Michael Cravens, Front end documents reviewed annually.
Risk Management: No
Fully Budgeted: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $222,832.80
Annual Impact:
Project: WQINCENTIVE_17
Activity: WQ_GRANT
Budget Reference:
Current Balance: $1,350,000
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 the Agreement, which is attached hereto and incorporated herein by reference, awarding a Class B (Infrastructure) Incentive Grant to Transylvania University, for stormwater quality projects.
Section 2 - That an amount, not to exceed $222,832.80, be and hereby is approved for payment to Transylvania University, 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