Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Memorandum of Agreement with the Blue Grass Community Foundation, to provide funds for Friends of Ky. Theatre's improvements to the Ky. Theatre, at a cost not to exceed $250,000. [Mayor's Office, Emmons]
Summary
Authorization to execute Memorandum of Agreement (MOA) with the Blue Grass Community Foundation to provide funds for improvements to the Kentucky Theatre. (L1087-13) (Emmons)
This is a request to execute MOA with Blue Grass Community Foundation to provide funds in the amount of $250,000 for improvements to the Kentucky Theatre. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted: Yes
Account Number: 2603-900106-0001-91017
This Fiscal Year Impact: $250,000
Annual Impact:
Project: KYTHEATRE_2014
Activity: BUILD_IMPR
Budget Reference: 2014
Current Balance: $250,000
Body
NOW, THEREFORE, 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 Memorandum of Agreement, which is attached hereto and incorporated herein by reference, with the Blue Grass Community Foundation, to provide funds for Friends of Kentucky Theatre's improvements to the Kentucky Theatre, at a cost not to exceed $250,000.00.
Section 2 - That an amount, not to exceed the sum of $250,000.00, be and hereby is approved for payment to the Blue Grass Community Foundation, from account # 2603-900106-91017 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
1087-13_DJB_ejo_X:\Cases\MAYOR\13-CC0700\LEG\00410547.DOC