Title
Authorization to enter into a lease agreement with Lexington & Fayette County Parking Authority for space located at 162 East Main Street within the Annex Building for a period of one year with the option of two additional annual renewals. Year one annual revenue is $14,229.34 with a 3% increase for each additional renewal and is included in the FY 2026 Mayor’s Proposed Budget. (L0418-25)(Ford)
Summary
Authorization to enter into a lease agreement with Lexington & Fayette County Parking Authority for space located at 162 East Main Street within the Annex Building for a period of one year with the option of two additional annual renewals. Year one annual revenue is $14,229.34 with a 3% increase for each additional renewal and is included in the FY 2026 Mayor’s Proposed Budget. (L0418-25)(Ford)
Budgetary Implications: Yes - Revenue
Advance Document Review:
Law: Yes, Completed by Gabriel Thatcher, April 7, 2025
Risk Management: No
Fully Budgeted: NA
Account Number: 1101-011001-0001-42181
This Fiscal Year Impact: NA
Annual Impact: $14,229.34 FY26 Revenue
Project:
Activity:
Budget Reference:
Current Balance: in FY 26 MPB
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}