Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, pursuant to the JOBS Fund Program, to execute a ten (10) year forgivable Incentive Agreement and related documents with Silver Fern Group Services, LLC, in an amount not to exceed $100,000.00, for the creation and retention of at least five (5) new jobs with an average hourly wage of at least $49.60, exclusive of benefits. [Mayor's Office, Atkins]
Summary
Authorization to execute a Lexington JOBS Fund Incentive Agreement with Silver Fern Group Services, LLC in the amount of $100,000 for the creation of at least five (5) new full-time jobs at a mean hourly wage of at least $49.60. Funds are Budgeted. (L0740-22) (Atkins)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Evan Thompson, 7/21/2022
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: Yes
Account Number: 1144-136101-0001-78103
This Fiscal Year Impact: $100,000.00
Annual Impact: $ N/A
Project:
Activity:
Budget Reference:
Current Balance: $1,328,985.36
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, pursuant to the Jobs Fund Program, be and hereby is authorized to execute the ten (10) year forgivable Incentive Agreement, which is attached hereto and incorporated by reference, and any related documents, with Silver Fern Group Services, LLC, in an amount not to exceed $100,000.00, for the creation and retention of at least five (5) new jobs with an average hourly wage of at least $49.60, exclusive of benefits.
Section 2 - That an amount, not to exceed the sum of $100,000.00, be and hereby is approved for payment to Silver Fern Group Services, LLC, from account # 1144-136101-0001-78103, pursuant to the terms of the Incentive Agreement and any related documents.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0740-22:EPT:X:\CASES\MOED\22-LE0003\LEG\00763267.DOCX