Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a lease Agreement with Metro Employees Credit Union for approximately 4,265 square feet of space at the Versailles Rd. Government Campus, located at 1306 Versailles Rd., in consideration of anticipated revenue in the amount of $45,550.20. [Dept. of General Services, Ford]
Summary
Authorization to enter into a lease Agreement with Metro Employees Credit Union (MECU) for space located at 1306 Versailles Rd, beginning July 1, 2022 for an initial term of one year. The total rental revenue for year one is $45,550.20. (L0434-22) (Ford)
Budgetary Implications: Yes - Revenue
Advance Document Review:
Law: No
Risk Management: No
Fully Budgeted: NA
Account Number: 1101-011001-0001-42181
This Fiscal Year Impact: $0.00
Annual Impact: $45,550.20
Project:
Activity:
Budget Reference:
Current Balance:
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 the Lease Agreement, which is attached hereto and incorporated herein by reference, with Metro Employees Credit Union, for approximately 4,265 square feet of space at the Versailles Road Government Campus, 1306 Versailles Road in consideration of anticipated revenue in the amount of $45,550.20.
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
0434-22:CEC:X:\Cases\GENERAL\22-LE0003\LEG\00756253.DOCX