Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with Metro Employees Credit Union (MECU), for approximately 604 square feet of space located at the Phoenix Building, for an initial term of one year, with the option for two additional renewals. [Dept. of General Services, Ford]
Summary
Authorization to enter into a lease Agreement with Metro Employees Credit Union for the first floor space located at the Phoenix Building, 101 East Vine Street and consists of approximately 604 square feet. The initial term will be for one year beginning on July 1, 2025, with the option for two additional annual renewals. Year one rental revenue is $13,237.50. (L0310-25)(Ford)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Gabriel Thatcher, 4-7-2025
Risk Management: No
Fully Budgeted: NA
Account Number: Revenue 1101-011001-0001-42181
This Fiscal Year Impact: NA
Annual Impact: $13,237.50
Project:
Activity:
Budget Reference:
Current Balance: to be included in FY 26 Budget
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 (MECU), for approximately 604 square feet of space at the Phoenix Building, located at 101 East Vine Street, for an initial term of one year, with the option for two additional renewals.
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
0310-25:GET: 4922-7495-9667, v. 1