Title
A Resolution authorizing and directing the Mayor, or her designee, on behalf of the Urban County Government, to approve and execute all Commitment Letters, Loan Agreements, Mortgages, Promissory Notes, Deed Restrictions, Releases, and any other documents related to the disbursement of Neighborhood Investment Funds, established in Chapter 2, Article XLV of the Code of Ordinances. [Office of Affordable Housing, McQuady]
Summary
Authorization to approve and execute all Commitment Letters, Loan Agreements, Promissory Notes, Mortgages, Deed Restrictions, Releases, and any other documents related to the disbursement of Neighborhood Investment Funds, established in Chapter 2, Article XVL of the code of Ordinances. No Budgetary impact. (L0237-23) (McQuady/Lanter)
Budgetary Implications: NO
Advance Document Review:
Law: Yes, Brittany Smith 2-24-23
Risk Management: N/A
Fully Budgeted:
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Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, or her designee, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and approved to execute all Commitment Letters, Loan Agreements, Promissory Notes, Mortgages, Deed Restrictions, Releases, and any other documents related to the disbursement of Neighborhood Investment Funds, established in Chapter 2, Article XVL of the Code of Ordinances.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
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CLERK OF URBAN COUNTY COUNCIL
0237-23:BGS:X:\Cases\COMDEV\23-LE0001\LEG\00775253.DOC