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Council approves FY26 budget amendments, homeowner-rehab pilot and Diamond Street contract
Summary
Lexington City Council unanimously adopted ordinance 2026-07 to incorporate FY26 budget amendments (opioid-abatement funds to recovery court and Hope House, school textbook reserve drawdown, Moors Creek design funds, and Columbia Gas partnership for Taylor Street paving). Council also approved a $250,000 Homeowner Helper pilot MOU and awarded a $692,750 Diamond Street contract.
Lexington City Council voted unanimously on May 7 to adopt a package of FY26 budget amendments and approved two separate, related actions: a three-party MOU for a Homeowner Helper pilot and a contract award for Diamond Street paving.
Ordinance 2026-07 (budget amendment) packaged several adjustments: an unexpected opioid-abatement allocation to be split between the recovery court and the Hope House; a $111,000 draw from the schools' textbook reserve plus a $3,450 painting overage; $102,000 in the utility fund for preliminary design at Moors Creek Dam to make the project shovel-ready for grants; and $275,000 to complete Taylor Street paving (Columbia Gas pledged $175,000, with $100,000 from city funds). Finance staff said some capital projects were delayed and that the municipality expects to carry those costs forward into FY27 as appropriate.
Council also approved a three-party memorandum of understanding among the city, the Lexington Economic Development Authority and the Threshold Commission to launch a Homeowner Helper pilot. The city committed $250,000 as the pilot appropriation; under the MOU the EDA will manage loan issuance and Threshold will recommend applicants.
In a separate procurement action, council approved a resolution to award the Diamond Street contract to Randy Hosteder Excavating for $692,750. Staff noted the low bid exceeded the project estimate by about $53,150 and requested an additional $106,788 to cover contingency and project management; staff proposed offsetting those needs with forecasted savings from an earlier Jackson Avenue project. Council approved the contract award unanimously.
Roll-call votes were recorded for the ordinance adoption, the MOU approval, and the Diamond Street resolution and all passed on unanimous votes.
