(A) The Fiscal Court is authorized and empowered to establish a Fund to be designated as a Land and Building Fund and set aside in said Fund and acquire therein from year to year funds for the purpose of acquiring lands and improving same, and for the erection, maintenance, improvement, and reconstruction of necessary buildings and other improvements for the use of the county. This Fund has been established as a permanent fund of the county.
(B) The Fiscal Court, whenever it shall determine, may use the money in the Fund to acquire and purchase land as it may see fit, title thereto being taken in the name of the county, and may erect improvements on these or other lands as the Court may deem necessary and proper for the use of the county.
(C) The Fiscal Court, at the time of fixing the rate of the tax levies, may fix a tax levy to be part of and included in the General Fund levy, the amount realized from this levy to be set aside for and become part of the Building Fund, but in no event shall the Fund become a part of the General Revenue Fund of the county under the provisions of KRS 68.120.
(D) All money in the Land and Building Fund shall be kept as other county funds, but shall be invested by the County Treasurer only in obligations of the U.S. Government.
(E) The Fiscal Court shall have the power upon the approval of the majority of the members to receive any funds by gift or devise to be placed in the Land and Building Fund upon terms and conditions as the Fiscal Court shall deem proper.
(F) The Fiscal Court may authorize personal service contracts for architectural, engineering, or financial service of certain projects. Upon authorization of such contracts, the County Judge/Executive shall contact qualified contractors or individuals and inform Fiscal Court of his or her selection. The Fiscal Court may then approve the contract award.
(Ord. 215, passed 2-1-1995)