Title
An Ordinance relating to the Summit Development Area (the "Development Area") established by Ordinance No. 116-2013 of the Lexington-Fayette Urban County Government (the "Development Area Ordinance"); approving a First Amendment to the Local Participation Agreement applicable to the Development Area; approving a First Amendment to the Master Development Agreement relating to the Summit Lexington Project within the Development Area; authorizing the Mayor and other staff of the Lexington-Fayette Urban County Government to execute all documents in accordance herewith for the development of the Development Area consistent with the amendments to the Local Participation Agreement and the Master Development Agreement as provided herein. [Council Office, Maynard]
Summary
Authorization to amend Ordinance No. 116-2013 relating to the Bayer Properties/Summit Lexington Development Area Tax Increment Financing Project. The amendments update both the Master Development Agreement (MDA) and the Local Participation Agreement (LPA). (L1141-14) (Adkins).
This is a request to amend Ordinance No. 116-2013 relating to the Bayer Properties/Summit Lexington Development Area Tax Increment Financing Project. The amendments update both the Master Development Agreement (MDA) and the Local Participation Agreement (LPA). There is no budgetary impact
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted: NA
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK'S OFFICE WILL COMPLETE - Body of resolution or ordinance}