Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement with the Lyric Theatre for the operation of the Lyric Theatre, at a cost not to exceed $127,500. [Mayor's Office, Lyons]
Summary
Authorization to execute a Purchase of Service Agreement (PSA) with the Lyric Theatre to support facility operation, provide a venue for community groups and organizations presenting cultural entertainment, provide the LFUCG with free use of the Lyric for up to six purposes and present signature programming beginning July 1 2020 for a period of twelve months at a cost not to exceed $127,500. Funds are Budgeted. [0878-20] [Lyons/Scott]
Budgetary Implications: Yes
Advance Document Review:
Law: Yes; Megan Griffith
Risk Management: NA
Fully Budgeted: Yes
Account Number: 1101-900107-0001-71101
This Fiscal Year Impact: $127,500
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: $127,500.00
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 the Purchase of Service Agreement, which is attached hereto and incorporated herein by reference, with the Lyric Theatre.
Section 2 - That an amount, not to exceed the sum of $127,500.00, be and hereby is approved for payment to the Lyric Theatre, from account #1101-900107-71101, pursuant to the terms of the Purchase of Service Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR