65.7043 Purposes of KRS 65.7041 to 65.7083.

351 words·~2 min read·/ky/chapter-65/65-7043

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

The purposes of KRS 65.7041 to 65.7083 are as follows:

(1)KRS 65.7047 provides authority for cities and counties to establish local

development areas for the development of previously undeveloped land within

their jurisdictional boundaries and to devote local resources to support the

development of projects in those local development areas. Local development

areas established under KRS 65.7047 and projects within local development

areas shall not be eligible for participation by the Commonwealth; and

(a)KRS 65.7049, 65.7051, and 65.7053 provide a framework for cities and

counties:

1. To establish development areas for:

a. The redevelopment of previously developed land within their

jurisdictional boundaries; and

b. The development of previously undeveloped land, if:

i. The project proposed for the development area includes

an arena as part of the proposed development;

ii. The project is a mixed-use development located in a

university research park;

iii. The project is a mixed-use development located within

three

(3)miles of a military base that houses, deploys, or

employs any combination of at least twenty-five thousand

(25,000) military personnel, their families, military retirees,

or civilian employees;

iv. The project is a mixed-use development which includes

either or both significant public storm water and sanitary

sewer facilities designed to comply with a

community-wide court decree mandating corrective action

by the local government or an agency thereof; or

v. The project is a mixed-use development that includes a

tract of previously undeveloped land that was owned by a

liberal arts educational institution within four

(4)years

prior to April 10, 2017, and the previously undeveloped

land is bounded on one

(1)side by a four

(4)lane United

States highway on April 10, 2017. No more than fifty

percent (50%) of the previously undeveloped land shall

be used for qualified mixed uses; and

2. To devote local resources to providing redevelopment assistance

and supporting projects in those development areas.

(b)Projects within development areas established pursuant to KRS 65.7049,

65.7051, and 65.7053 shall be eligible for participation by the

Commonwealth if such projects meet the requirements for

Commonwealth participation established by Subchapter 30 of KRS

Chapter 154.