Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with Community Trust Bank, for a remote drive-through banking facility. [Dept. of General Services, Hamilton]
Summary
Authorization to execute a Lease Agreement with Community Trust Bank for approximately 0.0884 acres of land located at 121 East High Street used for a remote drive-through banking facility with stacking lanes and for parking. (L741-12) (Hamilton)
This is a request to execute a Lease Agreement with Community Trust Bank for approximately 0.0884 acres of land located at 121 East High Street used for a remote drive-through banking facility with stacking lanes and for parking. The agreement is for one (1) year and seven (7) months with an option to renew for two (2) additional five (5) year terms. The annual rental rate is $18,274.58.
Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted: Yes
Account Number: 1101-011001-0001-42181
This Fiscal Year Impact: $0.00
Annual Impact: $18,274.58
Project:
Activity:
Budget Reference:
Current Balance: FY 2013 Revenue
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 Lease Agreement, which is attached hereto and incorporated herein by reference, with Community Trust Bank, for a remote drive through banking facility.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL