Title
A Resolution accepting the bid of Blue Grass Energy Cooperative Corp. in accordance with the provisions of Ordinance No. 35-2013, creating and offering for sale a franchise for the operation of a non-exclusive electric generation, transmission and distribution system in Fayette County, and authorizing the Mayor, on behalf of the Urban County Government, to execute a Franchise Agreement with Blue Grass Energy Cooperative Corp., incorporating the terms and conditions of Ordinance No. 35-2013. [Office of the Chief Administrative Officer, Hamilton]
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the bid of Blue Grass Energy Cooperative Corporation, submitted in accordance with the provisions of Lexington-Fayette Urban County Government Ordinance No. 35-2013, creating and offering for sale a franchise for the operation of a non-exclusive electric generation, transmission and distribution system in Fayette County, a copy of which is attached to the Franchise Agreement as Exhibit "A", is hereby declared to be a highest and best bidder for said franchise; and said franchise is hereby sold to and vested in Blue Grass Energy Cooperative Corporation, for the period of time provided in the ordinance and franchise agreement.
Section 2 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute the Franchise Agreement with Blue Grass Energy Cooperative Corporation, which is attached hereto and incorporated herein by reference, and which agreement incorporates by reference in its entirety the material provisions of Lexington-Fayette Urban County Government Ordinance No. 35-2013.
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