There is hereby established a special fund of the county to be known as the Old Lexington Pike Local Development Area Tax Increment Fund, into which the county covenants to deposit, and into which the county officials are hereby authorized and directed to deposit all pledged revenues. The county shall maintain the special fund unencumbered except for the purposes set forth in § 116.08. Funds deposited in the special fund shall be disbursed in accordance with the Act, this chapter, the Agreement, and related documents to pay for public infrastructure costs within the Old Lexington Pike Local Development Area.
(Ord. 2021-13, passed 5-25-21)