2014 Kentucky Revised Statutes
CHAPTER 91A - FINANCE AND REVENUE OF CITIES
91A.210 Definitions for KRS 91A.200 to 91A.290.
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<![CDATA[91A.210 Definitions for KRS 91A.200 to 91A.290.
As used in KRS 91A.200 to 91A.290, unless the context otherwise requires:
(1) "Improvement" means construction of any facility for public use or services or
any addition thereto, which is of special benefit to specific properties in the
area served by such facility;
(2) "Property" means any real property benefited by an improvement;
(3) "Special assessment" or "assessment" means a special charge fixed on
property to finance an improvement in whole or in part;
(4) "Fair basis" means assessed value basis, front foot basis, square foot basis or
benefits received basis;
(5) "Assessed value basis" means the apportionment of cost of an improvement
according to the ratio the assessed value of individual parcels of property bears
to the total assessed value of all such properties;
(6) "Front foot basis" means the apportionment of cost of an improvement
according to the ratio the front footage on the improvement of individual parcels
of property bears to such front footage of all such properties;
(7) "Square foot basis" means the apportionment of cost of an improvement
according to the ratio the square footage of individual parcels of property bears
to the square footage of all such property;
(8) "Benefits received basis" means the apportionment of cost of an improvement
according to equitable determination by the city legislative body of the special
benefit received by property from the improvement, including assessed value
basis, front foot basis, and square foot basis, or any combination thereof, and
may include consideration of assessed value of land only, graduation for
different classes of property based on nature and extent of special benefits
received, and other factors affecting benefits received; and
(9) "Cost" means all costs related to an improvement, including planning, design,
property or easement acquisition and construction costs, fiscal and legal fees,
financing costs, and publication expenses.
History: Created 1980 Ky. Acts ch. 234, sec. 2, effective July 15, 1980.
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