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99.020 Declaration of necessity for and purpose of KRS 99.010 to 99.310.
It is hereby declared that in cities, as defined in KRS 99.010, that substandard and
insanitary areas exist which have resulted from inadequate planning, excessive land
coverage, lack of proper light, air, and open space, defective design and arrangement of
buildings, lack of proper sanitary facilities, and the existence of buildings which, by
reason of age, obsolescence, inadequate or outmoded design, or physical deterioration,
have become economic or social liabilities, or both; that such conditions are prevalent in
areas where substandard, insanitary, outworn, or outmoded industrial, commercial, or
residential buildings prevail, and are conducive to ill health, transmission of disease,
infant mortality, juvenile delinquency, crime, and poverty; that such conditions impair the
economic value of large areas, infecting them with economic blight and that such areas
are characterized by depreciated values, impaired investments, and reduced capacity to
pay taxes; that such conditions are chiefly in areas which are so subdivided into small
parcels in divided ownerships and frequently with defective titles, that their assembly for
purposes of clearance, replanning, rehabilitation, and reconstruction is difficult and
costly; that the existence of such conditions and the failure to clear, replan, rehabilitate, or
reconstruct these areas result in a loss of population by the areas and further deterioration,
accompanied by added costs to the communities for creation of new public facilities and
services elsewhere; that it is difficult and uneconomic for individual owners
independently to undertake to remedy such conditions; that it is desirable to encourage
owners of property or holders of claims thereon in such areas to join together, with or
without other persons, or other persons to join together, in corporate groups, for the
purpose of the clearance, replanning, rehabilitation, and reconstruction of such areas by
joint action; that it is necessary to create, with proper safeguards, inducements, and
opportunities for the employment of private investment and equity capital in the
clearance, replanning, rehabilitation, and reconstruction of such areas; that such
conditions require the employment of such capital on an investment rather than a
speculative basis, allowing, however, the widest latitude in the amortization of any
indebtedness created thereby; that such conditions further require the acquisition at fair
prices of adequate areas, the gradual clearance of such areas through demolition of
existing obsolete, inadequate, unsafe, and insanitary buildings and the redevelopment of
such areas under proper supervision with appropriate planning, land use, and construction
policies; that the clearance, replanning, rehabilitation, and reconstruction of such areas on
a large scale basis are necessary for the public welfare; that the clearance, replanning,
reconstruction, and rehabilitation of such areas are public uses and purposes for which
private property may be acquired; that such substandard and insanitary areas constitute a
menace to the health, safety, morals, welfare, and reasonable comfort of the citizens of
such cities and the state; that such conditions require the creation of the agencies,
instrumentalities, and corporations hereinafter described, for the purpose of attaining the
ends herein recited; that the protection and promotion of the health, safety, morals,
welfare, and reasonable comfort of the citizens of such cities and the state are matters of
public concern; and the necessity in the public interest for the provisions hereinafter
enacted is hereby declared as a matter of legislative determination.
Effective: January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 186, effective January 1, 2015. --
Amended 1968 Ky. Acts ch. 152, sec. 83. -- Created 1942 Ky. Acts ch. 36, sec. 1.
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