Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement with Lexington Children's Museum, Inc., to provide funding for development of a reimagined Children's Museum, at a cost not to exceed $400,000.00 in FY2026, with annual contributions for a period of three (3) additional years in an amount matching other funds raised by the Lexington Children's Museum, up to an amount not to exceed $533,333.33 each fiscal year, subject to sufficient funds being appropriated in future fiscal years. [Office of the Chief Administrative Officer, 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
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 and directed to execute a Purchase of Service Agreement, which is attached hereto and incorporated herein by reference, with Lexington Children's Museum, Inc., to provide funding for development of a reimagined children's museum, at a cost not to exceed $400,000.00 in FY2026, with annual contributions for a period of three (3) additional year...
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