2014 Kentucky Revised Statutes CHAPTER 91 - FINANCE AND REVENUE OF CITIES OF THE FIRST CLASS 91.754 Petition proceedings to request establishment of district.
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91.754 Petition proceedings to request establishment of district.
(1)
(2)
A city, consolidated local government, or urban-county government may initiate
proceedings to establish a management district upon receipt by the executive
authority of a written petition requesting the formation of a management district.
A petition requesting the formation of a management district shall contain:
(a) The signatures and addresses of at least thirty-three percent (33%) of the
owners of real property within the proposed management district and a
number of real property owners, who together are the owners of real
property equal to at least fifty-one percent (51%) of the assessed value of
property within the proposed management district;
(b) An accurate description of the boundaries of the proposed management
district;
(c) An economic improvement plan that shall provide:
1.
A description of the economic improvements to be provided within
the district;
2.
A preliminary estimate of the annual costs of the proposed
economic improvements;
3.
The proposed method of assessing the costs of the economic
improvements against the properties; and
(d) The proposed makeup of the board of directors of the management
district, its powers and duties.
When a petition satisfying the requirements of subsection (1) of this section is
received by the executive authority, he or she shall forward it to the legislative
body which may proceed to enact an ordinance establishing a management
district as provided in KRS 91.756.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 119, sec. 3, effective June 20, 2005. -Amended 1996 Ky. Acts ch. 123, sec. 3, effective July 15, 1996. -- Created 1990
Ky. Acts ch. 297, sec. 3, effective July 1990.
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