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Spencer County approves $750,000 purchase of five acres from Sweasy Farm
Summary
Following an executive session, the Fiscal Court authorized buying five acres adjacent to Country Mart from Sweasy Farm for $750,000 and directed the treasurer to fund the acquisition from capital-project CDs and label the transfer accordingly.
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After an executive session under KRS 61.810(1)(b), Spencer County Fiscal Court approved purchasing five acres from Sweasy Farm (next to Country Mart) for $750,000 and directed staff to fund the purchase from capital-project certificate-of-deposit transfers.
Magistrate Esq. Stump moved to purchase the property for $750,000; the motion was seconded and passed by roll call with four magistrates voting aye (Esq. Stump, Esq. Pharris, Esq. Eldridge, Esq. Travis), the judge recorded "not voting," and Magistrate Esq. Cotton absent. The Treasurer raised questions about labeling the source of funds and the court directed the funds to be transferred from the capital-projects other line as recorded in the motion.
Court minutes state the motion to fund the purchase will use capital-projects cash/CDs; staff were instructed to prepare transfer documents and identify sources at closing. No additional public comments or alternative parcels were recorded during the session.
The packet reflects appraisal(s) supporting the purchase; the court voted to proceed and close per the motion recorded in the minutes. The judge and court did not record further procedural conditions in the meeting minutes beyond transfer-labeling and closing logistics.
