Title
A Resolution formally requesting a Product Development Initiative Grant ("Grant") in the amount of $500,000 on behalf of the University of Ky. for the University of Ky.'s Coldstream Research Campus to fit-up laboratory space in the proposed laboratory - high-tech building, and authorizing and directing the Mayor, or her designee, on behalf of the Urban County Government, to execute the local portion of the University of Ky.'s application related to the Grant and the Product Development Initiative Grant Agreement with the Ky. Cabinet for Economic Development; to accept the Grant and distribute the Grant funds to the University of Ky. if the relevant application is approved; and to take any further action necessary related to the Grant. [Mayor's Office, Atkins]
Summary
Authorization to send a Resolution to the Kentucky Economic Development Finance Authority supporting the University of Kentucky's Coldstream Research Campus application for matching Grant funds from the Product Development Initiative (PDI). No Budgetary impact. (L0795-20) (Atkins)
Budgetary Implications: No
Advance Document Review:
Law: Yes, Completed by David Barberie, 8/17/2020
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: N/a
Account Number:
This Fiscal Year Impact: $0
Annual Impact: $0
Project:
Activity:
Budget Reference:
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Lexington-Fayette Urban County Government hereby formally requests a Product Development Initiative Grant ("Grant") in the amount of $500,000.00 on behalf of the University of Kentucky for the University of Kentucky's Coldstream Research Campus to fit-up laboratory space in its proposed laboratory - high-tech building.
Section 2 - That the Mayor, or her designee, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute both the Loc...
Click here for full text