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99A.020 Ordinance establishing neighborhood redevelopment zone.
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Any local government may by ordinance establish one (1) or more
neighborhood redevelopment zones. Such zones shall be substantially
residential in character and shall consist chiefly of residential buildings at least
twenty-five (25) years of age. To be eligible for designation as a neighborhood
redevelopment zone the area shall be found by the legislative body to be
characterized by:
(a) Deteriorating housing stock;
(b) Abandoned residential buildings or vacant lots where the dwelling has
been demolished by fire, vandalism or as an unsafe structure;
(c) Such other characteristics which cause the legislative body of the local
government to believe the neighborhood is in a deteriorating economic
and physical condition; or
(d) Such detrimental conditions that the effect is to discourage mortgagees
from making loans for, and present or prospective property owners from
investing in the purchase and rehabilitation of residential buildings.
The legislative body of the local government may establish a neighborhood
redevelopment zone in accordance with subsection (1) of this section either on
its own initiative or upon a petition filed with the clerk of the legislative body,
signed by the owners or lessees of seventy-five percent (75%) of the assessed
value of the property located within the proposed zone.
No zone shall be established by a local government unless certified by the
executive director as qualifying pursuant to this chapter.
Prior to the first reading of an ordinance proposing to establish a neighborhood
redevelopment zone, the legislative body shall give notice by mail to the last
known owner of all real property within the proposed redevelopment zone and
hold a public hearing on the question of establishment of the zone. The notice
shall contain a description of the boundaries of the proposed zone and shall set
out a date for a public hearing on the establishment of the zone at which any of
the owners, their lessees or any other resident or taxpayer of the local
government may appear.
Once established, a neighborhood redevelopment zone may be dissolved only
by ordinance, but in no event sooner than ten (10) years from its
establishment.
Upon the effective date of the ordinance establishing the zone all residential
property located therein shall be subject to the provisions of this chapter.
Effective:July 13, 1984
History: Created 1984 Ky. Acts ch. 174, sec. 3, effective July 13, 1984.
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