Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement awarding a Class A (Neighborhood) Incentive Grant to Waterford II Homeowners Association, Inc., for a Stormwater Quality Project, at a cost not to exceed $120,000. [Div. of Water Quality, Martin]
Summary
Authorization to approve an FY 2024 (Class A Neighborhood) Stormwater Quality Projects Incentive Grant for Waterford II Homeowners Association, Inc. to construct Phase 1 of the association’s hardscape infrastructure removal and stream restoration project, in the amount of $120,000.00. Funds are Budgeted. (L0100-24) (Martin/Albright)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by Evan Thompson 1/22/2024
Risk Management: No
Fully Budgeted [select]: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $120,000.00
Annual Impact: $120,000.00
Project:
Activity:
Budget Reference:
Current Balance: $1,819,877.59
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 to execute an Agreement, which is attached hereto and incorporated herein by reference, awarding a Class A (Neighborhood) Incentive Grant to Waterford II Homeowners Association, Inc., for a Stormwater Quality Project.
Section 2 - That an amount, not to exceed $120,000.00, be and hereby is approved for payment to Waterford II Homeowners Association, Inc., from account # 4052-303204-3373-78112, pursuant to the terms of the Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
_________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0100-24:EPT_4872-2714-4353, v. 1