Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with FRM Lawson LLC for property located at 900 Enterprise Dr. for relocation of Div. of Water Quality Maintenance Operations, for an initial term of 48 months with annual rent not to exceed $170,318.40. [Div. of Water Quality, Martin]
Summary
Authorization to execute Lease Agreement with FRM Lawson LLC for property located at 900 Enterprise Drive for relocation of Division of Water Quality Maintenance Operations. (L1090-13) (Martin/Moloney)
This is a request to execute Lease Agreement with FRM Lawson LLC for property located at 900 Enterprise Drive for relocation of Division of Water Quality Maintenance Operations. The initial term is for 48 months and annual rent is $170,318.40. Funds are budgeted.
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: YES
Account Number: 4002 303401 3401 71302
This Fiscal Year Impact: $113,545.60
Annual Impact: $170,318.40
Project:
Activity:
Budget Reference:
Current Balance: $ 248,405.52
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 FRM Lawson LLC for property located at 900 Enterprise Drive for the Division of Water Quality.
Section 2 - That a total amount, not to exceed the sum of $170,318.40 annually, be and hereby is approved for payment to FRM Lawson LLC from account # 4002-303401-71302 pursuant to the terms of the Lease 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