Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with Walker Properties of Central Ky., LLC, for lease of property at 740 National Ave., at a cost not to exceed $26,225.40. [Div. of Police, Barnard]
Summary
Authorization to execute a lease agreement between the Lexington-Fayette Urban County Government and Walker Properties of Central Kentucky, LLC for the property at 740 National Avenue. This agreement will be effective beginning July 1, 2015 through June 30, 2016. Annual budgetary impact is $26,225.40 and will be budgeted in the appropriate fiscal years. (L0248-15) (Barnard/Bastin)
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: Requested in FY 2016 Budget
Account Number: 1101-505506-5561-71302
This Fiscal Year Impact: $2,185.45/per month
Annual Impact: $26,225.40
Project:
Activity:
Budget Reference:
Current Balance: Requested in FY 2016 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 and directed to execute the lease agreement, which is attached hereto and incorporated herein by reference, with Walker Properties of Central Kentucky, LLC, for lease of property at 740 National Avenue.
Section 2 - That an amount, not to exceed the sum of $26,225.40, be and hereby is approved for payment to Walker Properties of Central Kentucky, LLC, from account # 1101-505506-71302, pursuant to the terms of the agreement.
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