header-left
File #: 0992-19    Version: 1 Name: Fourth Lease Extension LexArts Inc
Type: Resolution Status: Approved
File created: 9/12/2019 In control: Urban County Council
On agenda: 10/10/2019 Final action: 10/10/2019
Enactment date: 10/10/2019 Enactment #: R-565-2019
Title: A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Extension Agreement with LexArts, Inc., to extend the term of LexArts' lease of 161 North Mill St. by a period of three (3) months, beginning October 1, 2019 to December 31, 2019, under the same terms and conditions previously existing. [Div. of Facilities and Fleet Management, Baradaran]
Attachments: 1. Memo 4th Ext Lease LexArts.pdf, 2. Lease Externsion LexArts Inc (10-1-19 to 12-31-19).pdf, 3. ArtsPlace Lease R#391-88 Deed# 5216 Exp 9-14-2018.PDF, 4. 00667957.pdf, 5. R-565-2019, 6. 5216 - DEED - Contract #391-1988 - CLK - LFUCG Contracts-Deeds - 10-17-2019

Title

A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Extension Agreement with LexArts, Inc., to extend the term of LexArts’ lease of 161 North Mill St. by a period of three (3) months, beginning October 1, 2019 to December 31, 2019, under the same terms and conditions previously existing. [Div. of Facilities and Fleet Management, Baradaran]

 

Summary

Authorization to execute a Lease Extension Agreement (4th) with LexArts, Inc., to extend the term of LexArts’ lease of 161 North Mill St. by a period of three (3) months, beginning October 1, 2019 to December 31, 2019, under the same terms and conditions previously existing. No Budgetary impact. (L0992-19) (Baradaran/Conrad)

Budgetary Implications:  No

Advance Document Review:

Law: Yes, Completed by Attorney Megan Griffith, September 12, 2019

Risk Management:  No

Fully Budgeted:                     NA

Account Number:                     NA

This Fiscal Year Impact:                     $0.00

Annual Impact:                      $0.00

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 Extension Agreement, which is attached hereto and incorporated herein by reference, with LexArts, Inc., to extend the term of LexArts’ lease of 161 North Mill Street by a period of three (3) months, beginning October 1, 2019 to December 31, 2019, under the same terms and conditions previously existing.

                     Section 2 - That this Resolution shall become effective on the date of its passage.

                     PASSED URBAN COUNTY COUNCIL: