United States — Kentucky
KRS § 99.340 Definitions for KRS 99.330 to 99.510.
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This section defines terms used in KRS 99.330 to 99.510.
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This section defines terms used in KRS 99.330 to 99.510.
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This section lets a city or county create an urban renewal and community development agency, sets how members are appointed, and requires reporting and conflict-of-interest rules.
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Agencies created under KRS 99.330 to 99.510 have broad powers to operate, manage property, borrow funds, issue rules, and require land users to follow redevelopment conditions, but they may not construct the buildings covered by the development plan.
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An agency may not take title to land for a development plan unless listed prerequisites are met, including prior planning approvals, public hearing notice, relocation findings, required certifications, and council approval.
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After the development plan is adopted, permits and occupancy certificates generally need the agency’s written approval, unless the work is needed immediately to protect public health or safety.
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This section lets certain parties appeal an agency’s refusal to approve a building permit or certificate of occupancy to circuit court.
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A community in an agency’s area may give funds to the agency and may raise money by taxes or by issuing and selling general obligation or revenue bonds.
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A public body may help an agency in its area and may use property, services, agreements, and other measures for redevelopment, including without appraisal or public bidding in some transactions.
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The agency may authorize buying or condemning property, including rights of way or easements, when it thinks the property is needed to carry out KRS 99.330 to 99.510.
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An agency may issue revenue bonds and refunding bonds, and its bonds are generally tax-exempt and not debts of the city, county, State, or political subdivisions.
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If the development plan is approved, the agency must carry out the redevelopment. If the community submits a bond issue to voters to fund the redevelopment project, the bond question must be submitted as required by the cited statutes.
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The agency may dispose of development-area real property, but it must follow the development plan and get independent appraisals before any sale or exchange.
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A written proposal to modify a development plan must be considered by the planning commission and council, and any approved modification must be applied in writing. The change cannot affect property previously sold, leased, or exchanged by the agency without the owner’s or lessee’s written consent.
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An agency may lease parcels it obtained for project development, even if the lease use does not match the development plan.
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Before the agency makes certain work contracts, it must follow the law on bid advertising, bid acceptance, bonds, and awarding contracts.
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If the council finds it would be more efficient and in the public interest, a community or housing authority may take on an agency’s powers, functions, rights, duties, and privileges, subject to limitations.
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Communities may work together under KRS 99.330 to 99.510, but public hearings must be held in each affected community.
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Powers under KRS 99.330 to 99.510 are supplemental to powers given by other laws.
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A community should, as feasible, give private enterprise maximum opportunity to rehabilitate or redevelop areas.
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An agency may plan and carry out urban renewal projects, and a local governing body may approve certain urban renewal plans and projects in disaster-related areas.