Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute the Professional Services Agreement with LexArts Inc., to provide support to the arts community, at a cost not to exceed $200,000. [Mayor's Office, Lyons]
Summary
Authorization to execute a Professional Services Agreement with LexArts for their support and funding of the arts in Lexington-Fayette Co. LexArts is LexArts manages Artsplace for Lexington which houses eight non-profit arts organizations, three artist’s studios, and a public art gallery and is the venue for many other arts events and activities. The PSA is for a 12 month period beginning July 1, 2020. LexArts has fulfilled $200,000 in match funding as required in the PSA. Funds are Budgeted. (L1070-20) (Lyons/Scott)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes; Chad Edwards and Evan Thompson
Risk Management: NA
Fully Budgeted: Yes
Account Number: 1101-900109-0001-71101
This Fiscal Year Impact: $200,000
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: $200,000.00
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 and directed to execute the Professional Services Agreement, which is attached hereto and incorporated herein by reference, with LexArts Inc., to provide support to the arts community, at a cost not to exceed $200,000.00.
Section 2 - That an amount, not to exceed the sum of $200,000.00, be and hereby is approved for payment to LexArts Inc. from account # 1101-900109-0001-71101, pursuant to the terms of the Professional Services Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR