Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement awarding a Class B (Infrastructure) Incentive Grant to Ky. Training Center, LLC aka The Thoroughbred Center, for stormwater quality projects, at a cost not to exceed $345,900. [Div. of Water Quality, Martin]
Summary
Authorization to execute an Agreement awarding a FY16 Class B (Infrastructure) Stormwater Quality Projects Incentive Grant to Kentucky Training Center, LLC, aka The Thoroughbred Center. This grant is for permeable pavement surfacing and public education, at a total cost of $345,900.00. Funds are Budgeted. (L0453-16) (Martin/Hoskins-Squier)
Budgetary Implications: Yes
Advance Document Review:
Law: No
Risk Management: No
Fully Budgeted: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $345,900.00
Annual Impact: $
Project: WQINCENTIVE_16
Activity: WQ_GRANT
Budget Reference: 2016
Current Balance: $783,180.51
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 the Agreement, which is attached hereto and incorporated herein by reference, awarding a Class B (Infrastructure) Incentive Grant to Kentucky Training Center, LLC aka The Thoroughbred Center, for stormwater quality projects.
Section 2 - That an amount, not to exceed $345,900.00, be and hereby is approved for payment to Kentucky Training Center, LLC aka The Thoroughbred Center, from account # 4052 - 303204 - 78112, pursuant to the terms of the Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
MAYOR
ATTEST:
CLERK OF URBAN COUNTY COUNCIL