Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Amendment to Agreement with REACH, Inc., to permit REACH to transfer responsibility and HOME funds for development of the property at 442 Georgetown St. to Fayette County Local Development Corp., and to provide an additional $12,789 in HOME funds to REACH for completion of the project. [Div. of Grants and Special Programs/ Dept. of General Services, Gooding/Reed]
Summary
Authorization to execute amendment to agreement with REACH, Inc., providing for pass-through of HOME Investment Partnerships Program funds to Fayette County Local Development Corporation for development of a rental property at 442 Georgetown Street. (L0153-13) (Gooding/Hamilton)
This is a request to execute amendment to agreement with REACH, Inc., providing for pass-through of HOME Investment Partnerships Program funds to Fayette County Local Development Corporation for development of a rental property at 442 Georgetown Street. This amendment also increases the award amount by $12,789, which brings the total new project cost from $62,000 to $74,789. Funds are budgeted.
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: BA 4749 is in process
Account Number: 3120-900202-0001-71101
This Fiscal Year Impact: $ 12,789
Annual Impact: $
Project: HOME_2013
Activity: H02
Budget Reference: 2013
Current Balance: BA 4749 is in process
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 Amendment to Agreement, which is attached hereto and incorporated herein by reference, with REACH, Inc., to permit REACH to transfer responsibility and HOME funds for development of the property at 442 Georgetown Street to Fayette County Local Development Corporation, and to provide an addition...
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