Title
Authorization to enter into a Real Estate Exchange Agreement with Fayette County Public Schools (FCPS) for the necessary right-of-way to extend Winburn Drive to Citation Boulevard. The agreement will facilitate LFUCG taking legal title to a parcel of land containing a total of 38,839 square feet, currently a part of the Winburn Middle School site. FCPS shall take legal title to a parcel of land containing 4.0 acres of which is currently part of Martin Luther King Jr. Park and a cash payment of $122,265. FCPS will also receive funds to construct a new bus lane at Winburn Middle School in the amount of $294,946. At a total cost of $417,211 Funds are budgeted. (L0758-25)(Burton/Albright)
Summary
Authorization to enter into a Real Estate Exchange Agreement with Fayette County Public Schools (FCPS) for the necessary right-of-way to extend Winburn Drive to Citation Boulevard. The agreement will facilitate LFUCG taking legal title to a parcel of land containing a total of 38,839 square feet, currently a part of the Winburn Middle School site. FCPS shall take legal title to a parcel of land containing 4.0 acres of which is currently part of Martin Luther King Jr. Park and a cash payment of $122,265. FCPS will also receive funds to construct a new bus lane at Winburn Middle School in the amount of $294,946. At a total cost of $417,211 Funds are budgeted. (L0758-25)(Burton/Albright)
Budgetary Implications: Y
Advance Document Review: Y
Law: Evan P. Thompson, August 8, 2025
Risk Management: No
Fully Budgeted: Yes
Account Number: 2610-303202-3251-91715
This Fiscal Year Impact: $417,211.00
Annual Impact: as directed by agreement
Project: CITWINBURN_2020
Activity: ENG_ROW
Budget Reference: 2020
Current Balance: $880,618.70
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}