Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with West End Community Empowerment Project of Lexington, Inc. for approximately 2,510 square feet of space at the Black & Williams Neighborhood Center, located at 498 Georgetown St., in consideration of anticipated revenue in the amount of $24,723.50. [Dept. of General Services, Ford]
Summary
Authorization to execute a lease Agreement with West End Community Empowerment Project of Lexington, Inc. for space located at 498 Georgetown Street, the Black and Williams Neighborhood Center, beginning July 1, 2022 for a three-year period. The total rental revenue for year one is $24,723.50. (L0406-22) (Ford)
Budgetary Implications: Yes - Revenue
Advance Document Review:
Law: No
Risk Management: No
Fully Budgeted: NA
Account Number: 1101-011001-0001-42181
This Fiscal Year Impact: $0.00
Annual Impact: $24,723.50
Project:
Activity:
Budget Reference:
Current Balance:
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 the Lease Agreement, which is attached hereto and incorporated herein by reference, with West End Community Empowerment Project of Lexington, Inc., for approximately 2,510 square feet of space at the Black & Williams Neighborhood Center in consideration of anticipated revenue in the amount of $24,723.50.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0406-22:CEC:X:\Cases\GENERAL\22-LE0003\LEG\00756054.DOCX