2013 Kentucky Revised Statutes CHAPTER 65 - GENERAL PROVISIONS APPLICABLE TO COUNTIES, CITIES, AND OTHER LOCAL UNITS 65.7055 Amendment, change, or revision to development plan or development area -- Adoption -- Hearing and notice -- Ordinance.
Download as PDF
65.7055 Amendment, change, or revision to development plan
development area -- Adoption -- Hearing and notice -- Ordinance.
or
Any amendment, change, or revision to a development plan adopted as part of a
development area established pursuant to KRS 65.7049, 65.7051, and 65.7053,
including the addition of a project, use of new or different redevelopment assistance
within the development area, or amendment of the development area boundaries
shall be made as follows, provided that any amendment adopted shall not extend
the existence of development area beyond the termination date:
(1) An amendment to the development plan shall be adopted by the city or county.
The proposed development plan amendment shall include the following:
(a) Identification of the development area to which the amendment applies;
(b) A copy of the development plan as revised by the amendment;
(c) A narrative description of the proposed changes to the original
development area plan and how those changes will impact the original
development plan;
(d) If the amendment changes the boundaries, or in any way amends maps
filed with the original development plan, a revised map, a revised legal
description of the development area, and revised geographic reference
points, and identification of new improvements, or projects proposed in
the amendment;
(e) A description of the redevelopment assistance proposed to be employed,
including the manner and location of such assistance relating to the
proposed amendment;
(f) A financial plan relating to the proposed amendment, including the
proposed cost of providing any redevelopment assistance and proposed
projects to be funded, the sources of funding to meet those costs,
projected incremental revenues, and the projected time period during
which financial obligations will be incurred;
(g) Proposed changes of any zoning ordinance, comprehensive plan, master
plan, map, building code, or ordinance required to implement the
proposed amendment; and
(h) If the city or county is a member of a planning unit, certification of review
by the planning commission for compliance with the comprehensive plan
of the planning unit pursuant to KRS Chapter 100 after any necessary
changes identified in paragraph (g) of this subsection are made.
(2) Prior to the adoption of an amendment to a development plan, the city or
county shall comply with the hearing and notice provisions set forth in KRS
65.7051(2) and (3). The notice provided in relation to an amendment to the
development plan shall include a summary of how the amendment changes the
development plan and shall identify new redevelopment assistance and
projects proposed by the amendment.
(3) The city or county shall adopt any amendment to the development plan and
any amendment to the development area by ordinance. The ordinance shall
include the following provisions:
(a) A provision adopting the amendment to the development plan required by
(b)
(c)
(d)
(e)
subsection (1) of this section;
Approval of any local participation agreements or other agreements
relating to the amendment;
The identification of any new or different state or local tax revenues
pledged by any taxing district to support the provision of redevelopment
assistance or projects identified in the amendment;
A finding that the amendment does not increase the aggregate value of
taxable real property included in all the redevelopment areas and the local
development areas within the jurisdiction of the city or county to more
than twenty percent (20%) of the total value of taxable real property within
its jurisdiction. For the purpose of determining whether the twenty percent
(20%) threshold has been met, the assessed value of taxable real
property within all of the local development areas and development areas
shall be valued as of the establishment date; and
Any other provisions, findings, limitations, rules, or procedures regarding
the amendment deemed necessary by the city or county.
Effective:July 15, 2008
History: Amended 2008 Ky. Acts ch. 178, sec. 6, effective July 15, 2008. -Created 2007 Ky. Acts ch. 95, sec. 8, effective March 23, 2007.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.