Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement (PSA) with Commerce Lexington, Inc., to assist with Community and Minority Business Development, at a cost not to exceed the sum of $140,000. [Mayor's Office, Glasscock]
Summary
Authorization to execute a Purchase of Services Agreement (PSA) with economic development partner agency Commerce Lexington, Inc. Minority and Business Development Program for a two-year period of January 1, 2025, to December 31, 2026, for a cost of $140,000. Funds are Budgeted. (L0147-25)(Glasscock/Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes, Completed by [Tiffany Holskey, 1/31/2025]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-900101-0001-71101
This Fiscal Year Impact: $140,000
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: $244,530.71
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 a Purchase of Service Agreement (PSA), which is attached hereto and incorporated herein by reference, with Commerce Lexington, Inc., to assist with Community and Minority Business Development.
Section 2 - That an amount, not to exceed the sum of $140,000.00, be and hereby is approved for payment to Commerce Lexington, Inc., from account #1101-900101-71101, 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
0147-25:TAH:4931-4639-8743, v. 1