Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute the Grant Agreement with Central Ky. Business Park Authority to assist with the organization's start-up expenses, at a cost not to exceed $60,000. [Office of the Mayor, Atkins]
Summary
Authorization to execute a Grant Agreement with Central Kentucky Business Park Authority in the amount of $60,000 for a public partnership to establish the Triple Crown Business Park in the City of Berea. The Grant Agreement will assist the Authority will the operational start-up expenses. Funds are Budgeted. (L0263-25)(Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 3/6/2025]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1144-133004-0001-78103
This Fiscal Year Impact: $ 60,000
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: $1,500,000
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 and directed to execute the Grant Agreement, which is attached hereto and incorporated herein by reference, with Central Kentucky Business Park Authority, to assist with the organization's start-up expenses.
Section 2 - That an amount, not to exceed the sum of $60,000.00, be and hereby is approved for payment to Central Kentucky Business Park Authority, from account # 1144-133004-0001-78103, pursuant to the terms of the Grant Agreement.
Section 3 - This Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
____________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0263-25-EPT_4927-7586-6155, v. 1