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2021 Kentucky Revised Statutes
Chapter 99 - Urban renewal and redevelopment
99.595 Definitions for KRS 99.595 to 99.605 and 132.452.

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KY Rev Stat § 99.595 (2021)
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99.595 Definitions for KRS 99.595 to 99.605 and 132.452. (1) "Administering agency" means the agency delegated responsibility by the legislative body to implement the provisions of KRS 99.595 to 99.605 and 132.452. (2) "Commercial facility" means any structure the primary purpose and use of which is the operation of a commercial business enterprise and which is twenty-five (25) years old or older. (3) "Existing residential building" means a residential building which has been in existence for at least twenty-five (25) years and use of which is to provide independent living facilities for one (1) or more persons. (4) "Legislative body" means the board of aldermen in a city of the first class operating under KRS Chapter 83, the city council in a city operating pursuant to KRS 83A.130, the city commission in a city operating pursuant to KRS 83A.140, the board of commissioners in a city operating pursuant to KRS 83A.150, the fiscal court in a county, the legislative council in a consolidated local government operating pursuant to KRS Chapter 67C, and the legislative body in an urbancounty government operating pursuant to KRS Chapter 67A. (5) "Local government" means a county, municipal, consolidated local government, or urban-county government. (6) "Rehabilitation" means the process of returning an existing structure to a state of utility through repair or alteration which makes possible an efficient contemporary use. (7) "Repair" means the reconstruction or renewal of any part of an existing structure for the purpose of maintenance. (8) "Restoration" means the process of accurately recovering the form and details of a structure and its setting as it appeared at a particular period of time by removal of later work or by the replacement of missing earlier work. (9) "Stabilization" means the process of applying measures designed to reestablish a weather-resistant enclosure and the structural stability of an unsafe or deteriorated property while maintaining the essential form as it exists. (10) "Assessment or reassessment moratorium" means the act of deferring the value of the improvements from the taxable assessment of qualifying units of real property for a maximum period of five (5) years. Effective: July 15, 2002 History: Amended 2002 Ky. Acts ch. 346, sec. 123, effective July 15, 2002. -- Created 1982 Ky. Acts ch. 327, sec. 1, effective July 15, 1982.
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