Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Memorandum of Agreement with the Blue Grass Community Foundation for services related to the provision of fundraising for The Town Branch Commons Project, at a cost not to exceed $180,000. [Mayor's Office, Emmons]
Summary
Authorization to execute a memorandum of agreement between the LFUCG and Bluegrass Community Foundation. The Town Branch Commons project will require ongoing fundraising efforts. The Community Foundation will develop fundraising effort and then manage the implementation. After implementation, the Community Foundation will finalize a plan for governance, sustainable fundraising infrastructure and strategies, and maintenance and operation of the Commons, while broadening the effort by engaging the public in on-going fundraising efforts. The cost for fiscal year 2016 will be $180,000. Funds are budgeted. (L1051-15)(Emmons)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes, Completed by [David Barberie, 8/10/15]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 1101-133002-0001-71202
This Fiscal Year Impact: $180,000
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $180,000
Body
NOW, THEREFORE, 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 Memorandum of Agreement, which is attached hereto and incorporated herein by reference, with the Blue Grass Community Foundation, for services related to the provision of fundraising for the Town Branch Commons Project, at a cost not to exceed $180,000.00.
Section 2 - That an amount, not to exceed the sum of $180,000.00, be and hereby is approved for payment to the Blue Grass Community Foundation, from account # 1101...
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