Legislation Details

File #: 0557-26    Version: 1 Name: FY2027 Economic Development Partner PSA – Community Ventures Corporation
Type: Resolution Status: First Reading
File created: 6/15/2026 In control: Urban County Council
On agenda: 7/1/2026 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. PSA Blue Sheet Community Ventures Corporation FY2027, 2. PSA Community Ventures FY2027 Exhibit D, 3. PSA Community Ventures FY2027 Exhibit E, 4. PSA Community Ventures Signed June 2026, 5. RESO 0557-26 FY27 EDP PSA Comm. Ventures Corp. 4921-6699-2825 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 (PSA) with economic development partner agency Community Ventures Corporation, pursuant to RFP 35-2024, for a term of July 1, 2026, to June 30, 2027, 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 of $63,220.17. Funds are Budgeted. (L0557-26) (Glasscock/Atkins)

Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [Tiffany Holskey, 6/15/2026]}
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: BA in process to move funds from placeholder
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 ...

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