Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Change Order No. 1 to the FY24 Stormwater Quality Projects Incentive Grant Agreement with the University of Ky. Research Foundation, canceling a Stormwater Quality Project, decreasing the Contract by the sum of $316,126.75, from $316,126.75 to $0.00. [Div. of Water Quality, Martin]
Summary
Authorization to approve Change Order 1 for FY24 Stormwater Quality Projects Incentive Grant for the University of Kentucky Research Foundation, decreasing the full award amount of $316,123.75. The recipient has canceled the Grant. (L0497-25)(Martin/Albright)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Todd Henning 2025
Risk Management: No
Fully Budgeted [select]:Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: -$316,126.75
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: 1,223,465.78
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 Change Order No. 1, which is attached hereto and incorporated herein by reference, to the FY24 Stormwater Quality Projects Incentive Grant Agreement with the University of Kentucky Research Foundation, canceling a stormwater quality project and decreasing the contract price by the sum of $316,126.75, from $316,126.75 to $0.00.
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
0497-25:JTH:4916-6030-1125, v. 1