Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute the Grant Agreement with Bluegrass Agtech Development Corp. for challenge grants to improve agriculture technology, at a cost not to exceed $250,000. [Mayor's Office, Atkins]
Summary
Authorization to execute an Agreement with Bluegrass AgTech Development Corp to provide $250,000 for challenge Grants for businesses in Lexington-Fayette County to improve agriculture technology and support related economic development. The Agreement is for a period ending December 31, 2026. Funds are Budgeted. (L1007-25)(Rogers/Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 10/16/2025]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-900116-0001-71101
This Fiscal Year Impact: $250,000.00
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance: PO encumbered
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 Bluegrass Agtech Development Corp., for challenge Grants to improve agriculture technology.
Section 2 - That an amount, not to exceed the sum of $250,000.00, be and hereby is approved for payment to Bluegrass Agtech Development Corp., from account # 1101-900116-0001-71101, 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
1007-25:EPT_4938-3124-5946, v. 1