Matt Lasley | GC News-Gazette Grayson County Judge/Executive Kevin Henderson explains the economic impact of selling surplus property to the city of Leitchfield during a special Fiscal Court meeting on Tuesday.

Matt Lasley | GC News-Gazette

Grayson County Judge/Executive Kevin Henderson explains the economic impact of selling surplus property to the city of Leitchfield during a special Fiscal Court meeting on Tuesday.

The Grayson County Fiscal Court, during a special meeting on Tuesday, voted to sell surplus property beside the Grayson County Detention Center to the city of Leitchfield.

The county is looking to sell 46.9 acres of land on Shaw Station Road to the city of Leitchfield at the cost of $325,000 for the purposes of industrial expansion and economic development, according to Grayson County Judge/Executive Kevin Henderson.

The 46.9 acres are part of a parcel of land that also includes 15 acres to be used by the county for the expansion of the Grayson County Detention Center. County government purchased this land in 2002 for industrial development at $6,000 per acre, Henderson said.

Provided the Leitchfield City Council approves the purchase, the Fiscal Court has voted to sell the property to the city for $7,000 per acre.

Henderson explained that county government abides by a different set of rules than the city of Leitchfield, which can sell property directly to a single entity. County government may sell land only through sealed bids or at auction, but it can buy from, sell to, or trade with the city.

Previously, the Fiscal Court voted to accept sealed bids for the property, but this motion was rescinded Tuesday in favor of selling it to Leitchfield.

The decision followed an executive session in which, Henderson said, the court discussed the importance of selling the land with economic impact in mind.

According to Henderson, county officials are looking toward the future at potential tax and occupational growth as a result of industrial expansion through the sale of the surplus land, as well as the project to extend William Thomason Byway from KY 259 to KY 54.

The bypass extension, if funded, is expected to improve safety, correct the issue of school traffic, and better connect the region "for the purposes of healthcare, education and commerce, and to encourage economic development," according to a resolution passed by the Fiscal Court Tuesday.

Following the Leitchfield City Council's recent decision to commit $200,000 to the bypass extension - a move to help garner federal Better Utilizing Investments to Leverage Development (BUILD) grant funding - the Fiscal Court voted to follow suit.

Henderson said the more the community can commit to the project, the more likely it will be to receive BUILD funding, so, in addition to local government's financial commitments, the city of Leitchfield and Scotty's Contracting & Stone will also be donating their right-of-ways for the bypass extension.

According to Grayson County Attorney Clay Ratley, the $200,000 the county is committing to the project will be contingent upon receipt of the BUILD grant funding and will not be required until the project starts.

After discussion, the Fiscal Court voted to pass a resolution committing funding to the bypass extension project and approving the submission of an application for a BUILD grant.