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A Resolution determining that a proposal for the establishment of a dedicated Park Fund to fund public parks in Fayette County, to be financed by the levy of an additional two and one quarter cents ($0.0225) per one hundred dollars ($100) valuation on all taxable real property, shall be submitted to the electorate of Fayette County in a public referendum pursuant to KRS 97.590 and KRS 67A.160 with the language of the ballot question substantially similar to the following "Are you in favor of the establishment of a dedicated public "Park Fund" Program that will provide funds to improve and develop neighborhood parks, walking and hiking trails, nature parks, bike trails, swimming pools, playgrounds, dog parks, recreational facilities, and other related facilities for children, adults, families, and seniors to be financed by the levy of an additional two and one quarter cents ($0.0225) per one hundred dollars ($100) on all taxable real property, effective January 1, 2025?"; and authorizing taking any related necessary actions. [Council Office, Hall]
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WHEREAS, KRS 97.590 provides that an urban-county government May levy taxes not exceeding five cents ($.05) on each one hundred dollars ($100) of all taxable property "for the purpose of purchasing and maintaining public parks within [its] jurisdictional limits" pursuant to a successful voter referendum held in accordance with KRS 67A.160;
WHEREAS, the Parks and Recreation Advisory Board of the Lexington-Fayette Urban County Government (the "Parks Board") has recommended and requested that the Council of the Lexington-Fayette Urban County Government consider establishing a dedicated funding source to be utilized for improving and developing public parks in Fayette County through a voter referendum;
WHEREAS, the means to create such a dedicated funding source would be an additional ad valorem tax levy as approved by the voters of Fayette County pursuant to KRS 97.590 and KRS 67A.160;
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