(1) In order to provide for financing of a public park, a public trail, a public golf course, or public open space, or a courthouse, jail, or other county building or equipment used, or to be used, for governmental purposes, any county is authorized to enter into lease-purchase agreements.
Such agreements may include an option to purchase, transfer, and acquire title tosuch property and the improvements thereon, if any, within a period not exceeding the useful life of such property and any improvements, but in no case exceeding thirty years.
The obligation under any such leases may only be from year to year and may notconstitute a mandatory charge or requirement in any ensuing budget year.
The obligation to make payments under such an agreement and the obligation to payother charges incident to any such agreement shall not constitute or give rise to an indebtedness within the meaning of any constitutional, statutory, or home rule charter debt limitation.
Source: L. 81: Entire section added, p. 1446, § 1, effective May 29. L. 83: (1) amended,
p. 1233, § 1, effective May 25. L. 99: (1) and (2) amended, p. 166, § 1, effective March 25.