Title
Authorization to approve a Purchase of Service Agreement with the Lexington Children’s Museum, to provide an initial $400,000 in funding toward the development of a reimagined children’s museum in Lexington. Future annual contributions for a period of three (3) additional years are authorized, contingent on matching funds and subject to future budget allocations. Budget amendment is in progress. (L0566-25)(Sutton/Hamilton)
Summary
Authorization to approve a Purchase of Service Agreement with the Lexington Children’s Museum, to provide an initial $400,000 in funding toward the development of a reimagined children’s museum in Lexington. Future annual contributions for a period of three (3) additional years are authorized, contingent on matching funds and subject to future budget allocations. Budget amendment is in progress. (L0566-25)(Sutton/Hamilton)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes/No, Completed by [Michael Cravens, 6/2/25]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: . BA in progress.
Account Number: 1101-900607 -0001-71101
This Fiscal Year Impact: $400,000
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}