NOTICE TO INFORM:
At the Lexington-Fayette Urban County Council meeting on December 2,2025 Ordinances 110-111 were enacted related to: (1) An Ordinance related to constructing and leasing to own a new Government Center (awarded pursuant to RFP #51-2024 Government Center Development & Lease Proposal) to be located at 200 West Vine Street and 260 West Vine Street, Suite 400, and authorizing the Mayor or her designee, on behalf of the Urban County Government, to execute the following documents, and any additional necessary documents related to this project, with LOF Development, LLC and/or the Lexington Opportunity Fund, LLC, or their affiliate(s), and/or a to-be-formed Kentucky non-profit corporation or limited liability co.: (1) Development Agreement, (2) Real Estate Purchase and Sale Agreement, (3) Ground Lease, and (4) Facilities Lease; with an initial payment of $30 million towards the purchase of the properties and the construction of the project, and the terms of the ground lease and facilities lease not to exceed 35 years from the issuance of the lease obligations or an estimated annual payment of $3.5 million per year; authorizing the taking of any additional necessary actions related to this matter; and appropriating funds pursuant to Schedule No. 17; with the final closing and full notice to proceed with the project contingent upon the approval of the Ky. Local Government Public-Private Partnership Board pursuant to KRS 65.028(12), if applicable; (2) An Ordinance amending certain of the Budgets of the Lexington-Fayette Urban County Government to reflect current requirements for municipal expenditures, and appropriating and re-appropriating funds. FY 2026 Schedule No. 18. These documents may be viewed in their entirety at https://bit.ly/ords110-111 or in the Council Clerk's Office at 200 E. Main St. Lexington, KY 40507. 859-258-3240. View all LFUCG legal notices at https://www.lexingtonky.gov/public-notices
IPL0296346
Dec 12 2025