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File #: 0585-25    Version: 1 Name: Community Ventures FY2026 PSA
Type: Resolution Status: First Reading
File created: 6/6/2025 In control: Urban County Council
On agenda: 6/26/2025 Final action:
Enactment date: Enactment #:
Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement (PSA) with Community Ventures Corporation, pursuant to RFP #35-2024, to assist with small business owner connections and networking, entrepreneurial development/start-up assistance, minority owned business development, and women owned business development, at a cost not to exceed the sum of $63,220.17. [Mayor's Office, Glasscock]
Attachments: 1. Blue Sheet Community Ventures Corporation FY2026, 2. PSA FY2026 Community Ventures Signed, 3. PSA Community Ventures Exhibit D, 4. PSA Community Ventures Exhibit E, 5. RESO 0585-25 FY26 EDP PSA Comm. Ventures Corp. 4922-9658-4527 v.1.pdf
Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Purchase of Service Agreement (PSA) with Community Ventures Corporation, pursuant to RFP #35-2024, to assist with small business owner connections and networking, entrepreneurial development/start-up assistance, minority owned business development, and women owned business development, at a cost not to exceed the sum of $63,220.17. [Mayor's Office, Glasscock]

Summary
Authorization to execute a Purchase of Services Agreement with Community Ventures Corporation to assist LFUCG with Small Business Owner Connections and Networking; Entrepreneurial Development/Start-Up Assistance; Minority Owned Business Development; and Women Owned Business Development at a cost of $63,220.17 for the period of July 1, 2025 to June 30, 2026 pursuant to RFP 35-2024. Funds are Budgeted. (L0585-25)(Glasscock/Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 6/6/2025]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-900204-0001-71101
This Fiscal Year Impact: $63,220.17
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: fully Budgeted in 1101-900112
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 of Service Agreement (PSA), which is attached hereto and incorporated herein by reference, with Community Ventures Corporation, pursuant to RFP #35-2024, to assist with small business owner connections and networking, entrepreneurial development/start-up assistance, minority owned business development, and women owned business development.
Section 2 - That an amount, not to exceed the sum of $63,220.17, be and hereby is approved for payment to Community Ventures Corporati...

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