Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Lease Agreement with AVOL Ky., Inc., for the lease of Urban County Government property located at 851 Todds Rd. [Div. of Grants and Special Programs, Reynolds]
Summary
Authorization to execute a lease Agreement with AVOL Kentucky, Inc. for property located at 851 Todds Road. AVOL is responsible for costs of maintenance and operation of the property, which Federal funds from the U.S. Department of Housing and Urban Development have been awarded for. The lease is for a period of one year, renewable for three additional 12-month periods, at a cost to AVOL of $10.00 per year. (L0890-22) (Reynolds/Lanter)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 8/17/2022
Risk Management: N/A
Fully Budgeted: NA
This Fiscal Year Impact ($10)
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 Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute a Lease Agreement, which is attached hereto and incorporated herein by reference, with AVOL Kentucky, Inc., for the lease of Urban County Government property located at 851 Todds Road.
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
0890-22 bgs tX:\Cases\COMDEV\22-LE0003\LEG\00764599.DOCX