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 University of Ky. Research Foundation, for a Stormwater Quality Project, at a cost not to exceed $316,126.75. [Div. of Water Quality, Martin]
Summary
Authorization to approve an FY 2024 (Class B Infrastructure) Storm Water Quality Projects Incentive Grant for the University of Kentucky Research Foundation for improvements to an existing stream while enhancing ongoing upstream stormwater improvements at University Court, in the amount of $316,126.75. Funds are Budgeted. (L0142-24) (Martin/Albright)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by Evan Thompson 01/30/2024
Risk Management: No
Fully Budgeted [select]: Yes
Account Number: 4052-303204-3373-78112
This Fiscal Year Impact: $316,126.75
Annual Impact: $316,126.75
Project: WQINCENTIVE_24
Activity: WQ_GRANT
Budget Reference:
Current Balance: $1,634,333.97
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 an Agreement, which is attached hereto and incorporated herein by reference, awarding a Class B (Infrastructure) Incentive Grant to University of Kentucky Research Foundation, for a Stormwater Quality Project.
Section 2 - That an amount, not to exceed $316,126.75, be and hereby is approved for payment to University of Kentucky Research Foundation, from account # 4052-303204-3373-78112, 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
0142-24:EPT:4884-0455-2101, v. 1