Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with Kathy H. Witt, Sheriff of Fayette County, for the collection of the Ad Valorem Urban Service District Taxes for the 2025 and 2026 property tax years, at a cost not to exceed one percent (1%) of the amount of Fiscal Year 2026 Ad Valorem Urban Service District Taxes collected; two percent (2%) of the amount of Fiscal Year 2027 Ad Valorem Urban Service District Taxes collected; and four and one quarter percent (4.25%) of the amount of Ad Valorem Parks Taxes collected, with the payments to be treated as a commission and the Urban County Government to receive any related payment from the Commonwealth of Ky. [Dept. of Finance, Hensley]
Summary
Authorization to execute an Agreement with Kathy H. Witt, Sheriff of Fayette County, for the collection of the Ad Valorem Urban Service District Taxes and Ad Valorem Parks Taxes for the 2025 and 2026 property tax years. The Ad Valorem Urban Service District Taxes will be collected at a cost of one percent (1%) of the amount of these taxes collected for the first year of the Agreement (FY 2026 taxes) and two percent (2%) of the second year of this Agreement (FY 2027 taxes). The Ad Valorem Parks Taxes will be collected at a cost of four and one quarter percent (4.25%) of the amount of these taxes collected, with the payments to be treated as a commission and the Urban County Government to receive any related payment from the Commonwealth of KY. Budget Amendment in process to match updated Agreement. (L1044-25)(Hensley)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Evan Thompson, October 16, 2025
Risk Management: N/A
Fully Budgeted: BA in process
Account Number: 1115-011001-0001-40960 (Property Tax)
1148-011001-0001-40960 (Parks Tax)
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: BA in process
Body
BE IT RESOLVED BY THE C...
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