(A) For the purpose of purchasing and maintaining public parks within the city limits, the City Council, under authority of KRS 97.590, may levy taxes not exceeding $.05 on each $100 of all taxable property within the corporate limits of the city.
(B) The funds derived from the levy shall be held by the City Clerk in a separate fund designated the Park Fund. The city shall be responsible for holding and spending of any funds collected via any park tax imposed by the City Council and may only do so in a manner consistent with state law. The city shall also keep records of any and all funds collected via a park tax (if any) and shall keep records of how the monies collected via tax are expended.
(`96 Code, § 35.29) (Ord. 1959-2-1, passed 4-16-1959; Am. Ord. 1982-3-1, passed 3-24-1982; Am. Ord. 2017-7, passed 12-14-2017)