Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with James R. Kemper for property located at 951 Enterprise Dr. for relocation of Div. of Water Quality Maintenance Operations, for an initial term of 48 months with annual rent not to exceed $86,592.96. [Div. of Water Quality, Martin]
Summary
Authorization to execute a Lease Agreement with James R. Kemper for property located at 951 Enterprise Drive to relocate the Sewer Line Maintenance and Pump Station Maintenance sections in the Division of Water Quality. (L1187-13) (Martin)
This is a request to execute a Lease Agreement with James R. Kemper for property located at 951 Enterprise Drive to relocate the Sewer Line Maintenance and Pump Station Maintenance sections in the Division of Water Quality for an amount of $86,592.96 per year. The cost for FY 2014 is $50,512.56. Budget amendment is in process.
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: YES
Account Number: 4002-303401-3401-71302
This Fiscal Year Impact: $50,512.56
Annual Impact: $86,592.96
Project:
Activity:
Budget Reference:
Current Balance: BA 5271 in process
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 James R. Kemper for property located at 951 Enterprise Drive for the Division of Water Quality.
Section 2 - That a total amount, not to exceed the sum of $86,592.96 annually, be and hereby is approved for payment to James R. Kemper from account # 4002-303401-71302 pursuant to the terms of the Lease Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
____________________________...
Click here for full text