Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with the Lexington Housing Authority, authorizing the acceptance of sanitary sewer and storm sewer infrastructure for the Bluegrass-Aspendale Development and providing for payment of the sum of $399,000 to the Urban County Government for remediation of sanitary sewer and storm sewer infrastructure. [Div. of Water Quality, Martin]
Summary
Authorization for approval of an Agreement between the Lexington Housing Authority and LFUCG to mitigate sanitary / storm sewer construction punch list obligations associated with Bluegrass-Aspendale Phases 2 and 3. Approval of the Agreement authorizes the Housing Authority to pay Lexington the amount of $399,000 in exchange for Lexington’s acceptance of sanitary / storm infrastructure in its present condition, with an acCo.ing full release of outstanding letters of credit. (L0946-21) (Martin/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Michael Cravens, 9/15/2021
Risk Management: No
Fully Budgeted: N/A
Account Number: 4002-303401-3401-46720
This Fiscal Year Impact: $399,000 revenue
Annual Impact: $
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 an Agreement, which is attached hereto and incorporated herein by reference, with the Lexington Housing Authority, authorizing the acceptance of sanitary sewer and storm sewer infrastructure for the Bluegrass-Aspendale development by the Urban County Government and providing for payment of the sum of $399,000.00 to the Urban County Government for remediation of sanitary sewer and storm sewer infrastructure.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
946-21:MSC:X:\Cases\WATER-AIR\21-LE0001\LEG\00739268.DOCX