Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Fiber Lease Agreement with the University of Ky. to lease the use of twenty-four strands of fiber to the University of Ky., resulting in revenue in an amount not to exceed $83,588 and a cost not to exceed $15,000 payable to the Commonwealth of Ky. or its designee for construction of an access point as required under the Fiber Lease Agreement, contingent upon passage of a simultaneous Resolution authorizing the Mayor to execute the indefeasible right of use with the Commonwealth of Ky. [Dept. of Information Technology, Rodgers]
Summary
Authorization to execute a Fiber Lease Agreement with the University of Kentucky for twenty-four (24) strands of Licensed Fiber. UK will cover the $63,588.00 cost for LFUCG to obtain from the Commonwealth of Kentucky, an Indefeasible Right of Use (IRU) to the Licensed Fiber for 28 years and their share of annual maintenances costs required under the IRU. LFUCG will pay for the access point required for UK to access the 24 strands at a cost not to exceed $15,000 in FY24. Funds are Budgeted. (L0712-23) (Rodgers)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes: Completed by [Evan Thompson, June 28, 2023]
Risk Management: No
Fully Budgeted: Funds are Budgeted
Account Number: 1101-202505-0001-42330 (revenue); 1101-210101-0001-71208 (expense)
This Fiscal Year Impact: $63,588 (revenue) / $15,000 (expense)
Annual Impact: $0
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, through an existing Agreement with the Commonwealth of Kentucky, the Urban County Government has the right of first refusal for the use of twenty-seven (27) miles of a 144-count bundle of fiber currently existing under Lexington-Fayette County which was installed by the Commonwealth of Kentucky pursuant to its "KentuckyWired Network" Program; and
WHEREAS, upon payment of $63,588.00 to the Commonwealth of Kentu...
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