§ 33.48 LANDFILL FUND.

   A new fund, called the Capitol Projects: Landfill Fund, is created by utilizing a state regulated contained landfill that will be sufficient to take care of present and future refuse disposal for the citizens of the city, county and adjoining counties that have contracts with the city.

(1989 Code, § 33.38) (Ord. 2044, passed 1-24-1994)

§ 33.49 RENAISSANCE REVOLVING LOAN FUND.

   (A)   A new fund, called the Glasgow Renaissance Revolving Loan Fund (GRRLF), is created to receive funds from grant applications arising from the Renaissance Project of the city as well as other funds to be transferred to it upon direction of the City Council.

   (B)   The purpose of the GRRLF shall be to extend loans for the renovation and/or preservation of the exterior facade of commercial buildings in the Renaissance Area of the city.

   (C)   The terms and conditions of loans extended by the GRRLF shall be established from time to time by the Board of Directors of the fund and submitted for general approval to the City Council.

   (D)   All funds shall be maintained by the city in a segregated account for the funds.

   (E)   No loans or other disbursements shall be made from funds dedicated to the GRRLF without the specific approval of the City Council, which approval shall include the designation of the recipient thereof and other terms and conditions relating to the disbursement or loan.

(1989 Code, § 33.39) (Ord. 2369, passed 3-26-2001)

§ 33.50 HOUSING REVOLVING FUND.

   There shall be immediately established by the Glasgow Urban Renewal and Community Development Agency a Housing Revolving Fund for the city community, which shall be managed by the Glasgow Urban Renewal and Community Development Agency for the appropriate disbursement of funds generated by the Myrtle Street Housing Revitalization Project.

(Res. 2069, passed 6-9-2008)

INVESTMENT POLICY

§ 33.60 ADOPTION BY REFERENCE.

   Pursuant to Ordinance 2091, passed 1-23-1995, the “Investment Policy for the City of Glasgow, Kentucky,” is hereby adopted by reference and incorporated herein as fully as if set forth in its entirety.

(1989 Code, § 33.50) (Ord. 2091, passed 1-23-1995; Am. Res. 894, passed 2-5-1996; Am. Res. 2021-2494, passed 4-26-2021)

TAXATION

§ 33.75 COUNTY ASSESSMENT ADOPTED.

   (A)   Pursuant to the authority granted in KRS 132.285, the city hereby adopts the annual Barren County assessment for all real and personal property situated within the city as the basis of all ad valorem tax levies ordered or approved by the City Council.

   (B)   The assessment as finally determined for county tax purposes shall serve as the basis for all city levies for the fiscal year commencing after the assessment date.

(1989 Code, § 40.01)

§ 33.76 AD VALOREM TAXES ON MOTOR VEHICLES.

   (A)   All ad valorem taxes on motor vehicles shall be collected by the Barren County Clerk in accordance with KRS 134.800.

   (B)   Ad valorem taxes on motor vehicles shall become due and delinquent as set forth in KRS 134.810 and any such taxes not paid by the date when they become delinquent shall be subject to the penalty and interest specified in KRS 134.810.

(1989 Code, § 40.04)