2014 Kentucky Revised Statutes CHAPTER 103 - REVENUE BONDS FOR MISCELLANEOUS CITY OR COUNTY PROJECTS 103.245 Definition of "building" and "industrial building" -- Acquisition procedure.
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103.245 Definition of "building" and "industrial building" -- Acquisition
procedure.
(1)
(2)
For purposes of the exercise of the power of eminent domain, "building" or
"industrial building" shall be deemed to include only the following: coal
conversion facilities, hospitals, primary medical centers, health care clinics,
convention centers, or any industrial building as defined in KRS 103.200, which
is to be located in a blighted area as defined in KRS 99.010(1)(a), or any of
these things, to be rented or leased to a domestic or foreign corporation by the
Kentucky Economic Development Finance Authority, the city or the county by
which it is acquired.
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 or a county shall determine that land or other property, right of
way, or easement over or through any property is needed by such city or
county, as the case may be, to accomplish the purposes of KRS 103.210 to
103.285, inclusive, it may by ordinance or resolution authorize the purchase or
condemnation, in the name of such city or county, of said land or other
property, or right of way or easement necessary for such purposes, and may
proceed to condemn and acquire such property in the manner set forth in the
Eminent Domain Act of Kentucky. All property, rights of way and easements
already held by its owner or lessee for industrial development shall be exempt
from condemnation under this section.
Effective:July 14, 1992
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 ch. 140, sec. 54. -- Created 1964 Ky. Acts ch. 90, sec. 2.
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