Title
Authorization to execute an Interlocal Cooperation Agreement and Membership Agreement with Madison County, Scott County, City of Berea, City of Georgetown and City of Richmond to form the Central Kentucky Business Park Authority. The Interlocal Cooperative Agreement is the formation of the Authority and development of the Triple Crown Business Park in Scott County. LFUCG’s contribution toward the agreement is $2,125,000. Funds are budgeted. (L1018-24) (Atkins)
Summary
Authorization to execute an Interlocal Cooperation Agreement and Membership Agreement with Madison County, Scott County, City of Berea, City of Georgetown and City of Richmond to form the Central Kentucky Business Park Authority. The Interlocal Cooperative Agreement is the formation of the Authority and development of the Triple Crown Business Park in Scott County. LFUCG’s contribution toward the agreement is $2,125,000. Funds are budgeted. (L1018-24) (Atkins)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 10/04/2024]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1105-136102-1361-71299
This Fiscal Year Impact: $2,125,000.00
Annual Impact: N/A
Project: TRIBUSPARK_2025
Activity: PROF_SRV
Budget Reference: 2025
Current Balance: $2,125,000
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}