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File #: 0409-25    Version: 2 Name: Request Council authorization to execute the Third Amended Easement Agreement between R.J. Corman Railroad Property, LLC (R.J. Corman) and Lexington-Fayette Urban County Government for the construction of Town Branch Trail Phase 3.
Type: Agenda Item Status: Agenda Ready
File created: 4/18/2025 In control: Grants and Special Programs
On agenda: 4/29/2025 Final action:
Enactment date: Enactment #:
Title: Authorization to execute the Third Amended Easement Agreement between R.J. Corman Railroad Property, LLC (R.J. Corman) and Lexington-Fayette Urban County Government for the construction of Town Branch Trail Phase 3. At a cost of $1.00, funds are budgeted. (L0409-25)(Burton/Albright)
Attachments: 1. 25- Blue Sheet Memo RJ Corman Third Amended Easement Agreement, 2. 2025-04-14 Third Amended Easement Agreement - Bluesheet Copy, 3. Exhibits - RJ Corman Third Amended Easement Agreement, 4. Town Branch Trail Phases Overview
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Title

Authorization to execute the Third Amended Easement Agreement between R.J. Corman Railroad Property, LLC (R.J. Corman) and Lexington-Fayette Urban County Government for the construction of Town Branch Trail Phase 3. At a cost of $1.00, funds are budgeted. (L0409-25)(Burton/Albright)

Summary

Authorization to execute the Third Amended Easement Agreement between R.J. Corman Railroad Property, LLC (R.J. Corman) and Lexington-Fayette Urban County Government for the construction of Town Branch Trail Phase 3. At a cost of $1.00, funds are budgeted. (L0409-25)(Burton/Albright)

Budgetary Implications: Yes

Advance Document Review:

Law: Yes, Completed by Evan Thompson, 4/14/2025

Risk Management:  N/A

Fully Budgeted: Yes

Account Number:                     3160-303202-3225-90311

This Fiscal Year Impact:                     $1.00

Annual Impact:   $0

Project: TOWNBRNC3_2008

Activity: MS_GRANT

Budget Reference: 2008                     

Current Balance: $422,298.50

Body

{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}