2009 Kentucky Revised Statutes CHAPTER 103 REVENUE BONDS FOR MISCELLANEOUS CITY OR COUNTY PROJECTS 103.245 Definition of "building" and "industrial building" -- Acquisition procedure.
103.245 Definition of "building" and "industrial building" -- Acquisition
procedure.
(1) For purposes of the exercise of the power of eminent domain, "building" or
"industrial building" shall be deemed to include only the following: coal <br>conversion facilities, hospitals, primary medical centers, health care clinics, <br>convention centers, or any industrial building as defined in KRS 103.200, which is <br>to be located in a blighted area as defined in KRS 99.010(1)(a), or any of these <br>things, to be rented or leased to a domestic or foreign corporation by the Kentucky <br>Economic Development Finance Authority, the city or the county by which it is <br>acquired.
(2) An industrial building within the meaning of subsection (1) of this section may be
acquired by a city or a county by purchase, gift, or condemnation. Whenever a city <br>or a county shall determine that land or other property, right of way, or easement <br>over or through any property is needed by such city or county, as the case may be, to <br>accomplish the purposes of KRS 103.210 to 103.285, inclusive, it may by ordinance <br>or resolution authorize the purchase or condemnation, in the name of such city or <br>county, of said land or other property, or right of way or easement necessary for <br>such purposes, and may proceed to condemn and acquire such property in the <br>manner set forth in the Eminent Domain Act of Kentucky. All property, rights of <br>way and easements already held by its owner or lessee for industrial development <br>shall be exempt from condemnation under this section.
Effective: July 14, 1992 <br>History: Amended 1992 Ky. Acts ch. 105, sec. 68, effective July 14, 1992. -- Amended
1980 Ky. Acts ch. 339, sec. 5, effective July 15, 1980. -- Amended 1976 Ky. Acts <br>ch. 140, sec. 54. -- Created 1964 Ky. Acts ch. 90, sec. 2.
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