Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Certificate of Consideration, and any other documents necessary, and to accept a Deed for the property located at 2401 Richmond Rd., for construction of a wet weather storage facility, and authorizing payment in the amount of $1,820,000, plus usual and appropriate closing costs. [Div. of Water Quality, Martin]
Summary
Authorization to purchase property located at 2401 Richmond Road for siting and constructing a wet weather storage facility in accordance with the terms of the Consent Decree. (L0106-15)(Martin/Holmes)
This is a request to purchase property located at 2401 Richmond Road for siting and constructing a wet weather storage facility in accordance with the terms of the Consent Decree. The cost to cover property acquisition and legal fees will be $2,024,476.00 and is fully budgeted. BA 6263 in process.
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: YES
Account Number: 4003-303408-3466-92811
This Fiscal Year Impact: $2,024,476.00
Annual Impact:
Project: WH7TANK_2014
Activity: CONSENT_DE
Budget Reference: 2014
Current Balance: BA 6263 in process
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 a certificate of consideration, and any other documents necessary, and to accept a Deed for the property located at 2401 Richmond Road, for construction of a wet weather storage facility.
Section 2 - That an amount, not to exceed the sum of $1,820,000.00, be and hereby approved for payment to the owner of the property, plus usual and appropriate closing costs, all from account # 4003-303408-92811, at the time of closing.
Section 3 - That this Resolution shall become effective on the date of its passage.
PAS...
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