Title
Authorization to execute an Endowment Fund Agreement with Blue Grass Community Foundation (BGCF). This agreement outlines the terms, conditions and responsibilities of LFUCG and BGCF to support the development of Parks and Recreation’s Kelley’s Landing property via an expenditure fund, known as the Kelley’s Landing Endowment Fund. This fund will continue to be in operation unless all funds are expensed. No budgetary impact. (L0712-26)(Conrad/Ford)
Summary
Authorization to execute an Endowment Fund Agreement with Blue Grass Community Foundation (BGCF). This agreement outlines the terms, conditions and responsibilities of LFUCG and BGCF to support the development of Parks and Recreation’s Kelley’s Landing property via an expenditure fund, known as the Kelley’s Landing Endowment Fund. This fund will continue to be in operation unless all funds are expensed. No budgetary impact. (L0712-26)(Conrad/Ford)
Budgetary Implications [select]: No
Advance Document Review:
Law: Yes, Completed by Scott Fitzpatrick, 8/11/2026
Risk Management: No
Fully Budgeted [select]: N/A
Account Number:
This Fiscal Year Impact:
Annual Impact: N/A
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}