Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase Agreement with Masterson Properties, LLC, for the purchase of lots 80-83 and 90-93 of Greendale Hills Unit 2, to be used for the construction of Fire Station #24, at a cost not to exceed $280,000.00, plus usual and appropriate closing costs. [Div. of Fire and Emergency Services, Jackson]
Summary
Authorization to purchase property located at Greendale Hills Unit 2 that will include lots 80 through 83 and lots 90 through 93. The land will be used for the construction of Fire Station #24. Funds for the purchase are budgeted. Cost will be $280,000.00. (L0319-15)(Jackson/Bastin)
Budgetary Implications: Yes
Advance Document Review: Department of Law (Charles Edwards III); Purchasing (Todd Slatin)
Fully Budgeted: BA to be processed
Account Number(s): 2604-505704-5742-90111 $243,750
1101-505704-5742-90111 $36,250
This Fiscal Year Impact: $280,000.00
Annual Impact: N/A
Project:
Activity:
Budget Reference: 2015
Current Balance: 2604-505704-5742-9011 $243,750.00
1101-505704-5742-90111 BA to be processed
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 a Purchase Agreement, which is attached hereto and incorporated herein by reference, with Masterson Properties, LLC, for the purchase of lots 80-83 and 90-93 of Greendale Hills Unit 2, to be used for the construction of Fire Station #24.
Section 2 - That an amount, not to exceed the sum of $280,000.00, plus usual and appropriate closing costs, be and hereby is approved for payment to Masterson Properties, LLC, from accounts #2604-505704-5742-90111 and #1101-505704-5742-90111, pursuant to the terms of the Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
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