12-5249. Use of special obligation bond proceeds; limitations on use.

445 words·~2 min read·/ks/chapter-12/12-5249

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Any city or county that has established a reinvestment housing incentive district may use the proceeds of special obligation bonds issued under K.S.A. 12-5248 , and amendments thereto, or any uncommitted funds derived from those sources of revenue set forth in K.S.A. 12-5248 (a)(1), and amendments thereto, to implement specific projects identified within the reinvestment housing incentive district plan including, without limitation:

(1)Acquisition of property within the specific project area or areas as provided in K.S.A. 12-5247 , and amendments thereto;

(2)payment of relocation assistance;

(3)site preparation;

(4)sanitary and storm sewers and lift stations;

(5)drainage conduits, channels and levees;

(6)street grading, paving, graveling, macadamizing, curbing, guttering and surfacing;

(7)street lighting fixtures, connection and facilities;

(8)underground gas, water, heating, and electrical services and connections located within the public right-of-way;

(9)sidewalks;

(10)water mains and extensions;

(11)renovation of buildings or other structures more than 25 years of age primarily for residential use located in a central business district or in a business or commercial district within a qualified census tract as approved by the secretary of commerce. Certification of the age of the building or other structure shall be submitted to the secretary by the governing body of the city or county with the resolution as provided by K.S.A. 12-5244 , and amendments thereto. Eligible residential improvements shall include only improvements made to the second or higher floors of a building or other structure. Improvements for commercial purposes shall not be eligible; and

(12)renovation or construction of residential dwellings, multi-family units or buildings or other structures exclusively for residential use located on existing lots if:

(A)The infrastructure, including streets, sewer, water and utilities, has been in existence for at least 10 years; or

(B)the existing lot has been subject to any tax assessment levied pursuant to chapter 12, article 6a or chapter 19, article 27 of the Kansas Statutes Annotated, and amendments thereto, because such lot is located in an improvement district established pursuant to chapter 12, article 6a or chapter 19, article 27 of the Kansas Statutes Annotated, and amendments thereto.

(b)None of the proceeds from the sale of special obligation bonds issued under K.S.A. 12-5248 , and amendments thereto, shall be used for the construction of buildings or other structures to be owned by or to be leased to any developer of a residential housing project within the district, except for buildings or other structures located in a central business district or in a business or commercial district within a qualified census tract as approved by the secretary of commerce.