Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Amendment to Sublease and Management Agreement with LexArts, Inc., for management of the Downtown Arts Center, at a cost not to exceed $109,250 in FY2014. [Mayor's Office, Atkins]
Summary
Authorization to execute Amendment to Sublease and Management Agreement with LexArts, Inc. for the management of the Downtown Arts Center (DAC). (L1014-13) (Atkins)
This is a request to execute Amendment to Sublease and Management Agreement with LexArts, Inc. for management of the DAC for an amount of $109,250. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted: Yes
Account Number: 1101-900102-0001-71101
This Fiscal Year Impact: $109,250
Annual Impact:
Project:
Activity:
Budget Reference:
Current Balance: $109,250
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 Sublease and Management Agreement, which is attached hereto and incorporated herein by reference, with LexArts, Inc., for management of Downtown Arts Center.
Section 2 - That an amount, not to exceed the sum of $109,250.00 in FY2014, be and hereby is approved for payment to LexArts, Inc., from account #1101-900102-71101, pursuant to the terms of the amendment to the sublease.
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