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Council approves MOU with EDA to launch fire‑suppression incentive loan program
Summary
Lexington City Council unanimously approved a memorandum of understanding with the Economic Development Authority to implement a $250,000 incentive loan program encouraging installation of fire‑suppression systems in underused commercial properties.
Lexington City Council on May 1 approved a memorandum of understanding with the city’s Economic Development Authority (EDA) to implement a fire‑suppression incentive loan program aimed at encouraging sprinkler installation in underutilized or vacant commercial spaces.
The council approved an MOU and related loan and security documents…
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