58 chapters · 2,528 sections in this title.
KRS § 99.010 Definitions for KRS 99.010 to 99.310
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(1) The following terms, whenever used or referred to in KRS 99.010 to 99.310 shall, unless a different intent clearly appears from the context, be construed as follows: (a) "Area" means a portion of a city which a planning commission has found or shall find to be substandard or …
KRS § 99.020 Declaration of necessity for and purpose of KRS 99.010 to 99.310
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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 pro…
KRS § 99.030 Development plan -- What to include
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(1) A development plan shall contain: (a) A metes and bounds or other legal description of the development area; (b) A statement of the various stages, if more than one (1) is intended, by which the development is proposed to be constructed or undertaken, and the time limit for t…
KRS § 99.040 Approval of development plan required
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No development shall be initiated until certificates of approval of the development plan therefor shall have been issued by both the planning commission and the supervising agency.
KRS § 99.050 Conditions of approval of plan by planning commission
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(1) A planning commission may approve a development plan, but no certificate of approval thereof shall be issued by it unless and until an application for approval has been filed with it, together with the development plan, and unless and until, after a public hearing before it, …
KRS § 99.060 Conditions of approval of plan by supervising agency
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(1) A supervising agency may approve a development plan, but no certificate of approval thereof shall be issued by it unless and until the planning commission shall first have approved thereof and there has been filed with the supervising agency the development plan, the certific…
KRS § 99.070 Approval of amendments to plan
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The planning commission and the supervising agency may approve an amendment or amendments to a development plan, but no such amendment to a development plan which has theretofore been approved by the planning commission and the supervising agency shall be approved unless and unti…
KRS § 99.080 Fees for supervisory services -- Development by more than one corporation
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(1) The planning commission and the supervising agency may each adopt a schedule of fees to be paid said commission or said agency, as the case may be, upon the filing of the development plan, amendments thereto and other instruments in connection therewith. The amount of these f…
KRS § 99.090 Designation of supervising agency -- Grant of powers by ordinance
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The local legislative body of such cities is hereby authorized by general ordinance or local law to appoint, establish or designate the chief financial officer of the city or some other official or bureau, commission or agency as the person or body to exercise the powers and perf…
KRS § 99.100 Organization of redevelopment corporation -- Articles
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(1) At any time within twenty (20) years of June 1, 1942, three (3) or more persons may form a redevelopment corporation on making, subscribing, acknowledging and filing articles of incorporation and obtaining a certificate or charter pursuant to the general corporation law, whic…
KRS § 99.110 Existing corporation may become redevelopment corporation by amending articles
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articles. At any time within twenty (20) years of June 1, 1942, any domestic corporation which is not a redevelopment corporation but which has been incorporated pursuant to the general corporation law, may become a redevelopment corporation by filing an appropriate amendment to …
KRS § 99.120 Forfeiture of rights of redevelopment corporation
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If a redevelopment corporation shall not have obtained the certificates of approval of its development plan required by KRS 99.040 to 99.060 within twelve (12) months of the date upon which it became a redevelopment corporation, or shall not substantially comply with the developm…
KRS § 99.130 Other corporations not to use "redevelopment" in name
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No corporation now organized under the laws of this state shall change its name to a name, and no such corporation hereafter organized shall have a name, containing the word "redevelopment" as a part thereof, unless and until such corporation is or becomes a redevelopment corpora…
KRS § 99.140 Restrictions on redevelopment corporations
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No redevelopment corporation shall: (1) Undertake any clearance, reconstruction, improvement, alteration or construction in connection with any development until the certificates of approval required by KRS 99.040 to 99.060 have been issued; (2) Change, alter, amend, add to or de…
KRS § 99.150 General corporation laws apply
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The provisions of the general corporation law as presently in effect and as hereafter from time to time amended, shall apply to redevelopment corporations, except where such provisions are in conflict with the provisions of KRS 99.010 to 99.310.
KRS § 99.160 Stock not to be issued except for value received
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No redevelopment corporation shall issue stock except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.
KRS § 99.170 Determination of development cost
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(1) Upon the completion of a development a redevelopment corporation shall, or upon the completion of a principal part of a development a redevelopment corporation may, file with the supervising agency an audited statement of the development cost thereof. Within a reasonable time…
KRS § 99.180 Reports to supervising agency -- Reserves -- Accounts
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A redevelopment corporation shall: (1) Furnish to the supervising agency from time to time, as required by it, but with respect to regular reports not more often than once every six (6) months, such financial information, statements, audited reports or other material as such supe…
KRS § 99.190 Proceedings in Circuit Court to compel compliance with law by redevelopment corporations
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redevelopment corporations. Whenever a redevelopment corporation shall not have obtained the certificates of approval of its development plan required by KRS 99.040 to 99.060 within twelve (12) months of the date upon which it became a redevelopment corporation, or shall not have…
KRS § 99.200 Authority to transfer real property to redevelopment corporations
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Notwithstanding any requirement of law to the contrary or the absence of direct provision therefor in the instrument under which a fiduciary is acting, every executor, administrator, trustee, guardian, conservator or any other person holding trust funds or acting in a fiduciary c…
KRS § 99.210 Power of corporation to acquire real property -- City may condemn and convey to corporation -- Federal or state aid -- Alternate method of acquiring and conveying land
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convey to corporation -- Federal or state aid -- Alternate method of acquiring and conveying land. (1) A redevelopment corporation may, whether before or after the certificates of approval of its development plan required by KRS 99.040 to 99.060 have been issued, acquire real pro…
KRS § 99.220 Certificate of approval of condemnation
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(1) When it is desired that any real property in a development area be acquired by condemnation, there shall be presented to the supervising agency by the redevelopment corporation a verified petition requesting the issuance of a certificate of approval of condemnation of such re…
KRS § 99.230 Method of condemnation -- Conveyance of property to corporation
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Before condemnation proceedings for a redevelopment corporation shall be instituted the redevelopment corporation shall make written request to the mayor of the city to cause the city to institute proceedings to acquire for the redevelopment corporation any real property in the d…
KRS § 99.240 Kinds of evidence admissible on question of value of condemned property -- Expedition of proceedings -- Condemnation of property devoted to public use
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Expedition of proceedings -- Condemnation of property devoted to public use. The following provisions shall apply to any proceedings for the assessment of compensation and damages for real property in a development area taken or to be taken by condemnation for a redevelopment cor…
KRS § 99.250 Temporary occupation of real property after acquisition and before development
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development. (1) When title to real property has vested in a redevelopment corporation or city by gift, grant, devise, purchase or otherwise, or in the city by condemnation proceedings or otherwise, the redevelopment corporation or city, as the case may be, may agree with the pre…
KRS § 99.260 Power of corporation to borrow money and execute mortgages
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(1) Upon first obtaining the approval of the supervising agency, any redevelopment corporation may borrow funds for use in the redevelopment, before or during such redevelopment, and secure the repayment of same by mortgage or mortgages. Every such mortgage shall be a lien upon n…
KRS § 99.270 Obligations of redevelopment corporation are authorized investments
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Certificates, bonds, and notes, or part interests therein, or any part of an issue thereof, which are secured by a first mortgage on the real property in a development area, or any part thereof, shall be securities in which all the following persons, partnerships, or corporations…
KRS § 99.280 Obligations insured under Federal Housing Act not subject to investment limits
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limits. The limits as to principal amount secured by mortgage referred to in KRS 99.270 shall not apply to certificates, bonds and notes, or part interests therein, or any part of an issue thereof, which are secured by first mortgage on real property in a development area, or any…
KRS § 99.290 Sale of real property by city to corporation
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(1) The local legislative body may by ordinance determine that real property specified and described in such ordinance, title to which is held by the city and which was not acquired by condemnation under the provisions of KRS 99.010 to 99.310, is needed for the redevelopment proj…
KRS § 99.300 Certificates of completion -- Sale or mortgage of completed development
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(1) It shall be the duty of the supervising agency, upon any request from a redevelopment corporation, to determine whether the redevelopment of any unit or units in the development area has been achieved, and if the supervising agency finds that such redevelopment has been finis…
KRS § 99.310 Liberal construction
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KRS 99.010 to 99.300 shall be construed liberally to effectuate the purposes thereof, and the enumeration of specific powers in those sections shall not operate to restrict the meaning of any general grant of power contained in those sections or to exclude other powers comprehend…
KRS § 99.330 Legislative finding and policy
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(1) It is hereby found and declared: (a) That there exist in many communities in this Commonwealth slum areas and blighted areas (as defined by KRS 99.340) which constitute a serious and growing menace, are injurious and inimical to the public health, safety, and welfare of the p…
KRS § 99.340 Definitions for KRS 99.330 to 99.510
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The following words or terms shall have the following meanings wherever used in KRS 99.330 to 99.510, unless a different meaning is clearly indicated by the context: (1) "Slum area" means an area in which there is at least one-fourth (1/4) of all buildings or a predominance of im…
KRS § 99.350 Creation of agency -- Agency may be dissolved by vote of legislative body -- Appointment and tenure of members -- Structure and organization
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Appointment and tenure of members -- Structure and organization. (1) If the council of any community by resolution finds and declares: (a) That there exist in the community slum areas or blighted areas; (b) That there is need in the community for the exercise of powers, functions…
KRS § 99.360 Powers of the agency
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(1) Each agency created for the purpose of KRS 99.330 to 99.510 shall constitute a public body, corporate and politic, exercising public and essential governmental functions, and shall have the following powers in addition to the others granted: (a) To sue and be sued; to have a …
KRS § 99.370 Prerequisites for adoption of a development plan
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No agency may acquire title to any land for the purpose of carrying out a development plan unless the following conditions have been met: (1) A general or master plan of the community has been adopted by the planning commission of the community. (2) A development plan for the pro…
KRS § 99.380 Issuance of building permits and certificates of occupancy in development area
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area. After adoption of the development plan by the council, no building permit or certificate of occupancy shall be issued for any structure or use within the area (except for construction or uses which are necessary for the immediate protection of the public health or safety) w…
KRS § 99.390 Appeals
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(1) Any person, firm, corporate organization, public officer or governmental agency or department, being a party of record at any hearing conducted by the agency in connection with the designation of a redevelopment project which has applied for a building permit or certificate o…
KRS § 99.400 Grant of funds by community -- Funds obtained by levy of taxes or issuance of bonds
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of bonds. Any community located in whole or in part within the area of operation of an agency may grant funds to an agency for the purpose of aiding such agency in carrying out any of its powers and functions under KRS 99.330 to 99.510. To obtain funds for this purpose, the commu…
KRS § 99.410 Cooperation by public bodies
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(1) A public body shall have power to aid an agency within its area of operation and such aid may be authorized by a resolution or ordinance of the legislative body of such public body adopted by a majority of its members present at a meeting of such legislative body. A public bo…
KRS § 99.420 Eminent domain
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Whenever in the opinion of the agency, land or other property, right of way or easement over or through any property is needed by the agency in order to accomplish the purposes of KRS 99.330 to 99.510, it may by resolution authorize the purchase or condemnation in the name of the…
KRS § 99.430 Bonds, notes, and obligations of the agency
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(1) Any agency shall have power to issue revenue bonds from time to time at its discretion for any of its corporate purposes under KRS 99.330 to 99.510. An agency shall also have power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. A…
KRS § 99.440 Procedure for submitting question of bond issue
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Upon the approval by the council of the development plan, the agency shall proceed to carry out the redevelopment. In the event that a bond issue is to be submitted by the community to the voters for the purpose of providing funds to pay for the cost of the redevelopment project …
KRS § 99.450 Disposal of property in development area
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The agency may sell, exchange, lease, or otherwise transfer real property acquired under the provisions of KRS 99.330 to 99.510 to one or more private individuals or to public bodies, and thereafter the real property shall be used only in accordance with the limitations and condi…
KRS § 99.460 Modification of development plan
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If a proposal by an agency to modify a development plan is made in writing to the planning commission and the council of the community, the planning commission and council shall consider the proposed modification, and if they approve such modification in writing, the development …
KRS § 99.470 Temporary leasing during development
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An agency shall have the right to lease any parcel or parcels obtained by it pursuant to its proceedings under KRS 99.330 to 99.510 for such uses and purposes as may be deemed desirable, even though not in conformity with the development plan, during the period of the development…
KRS § 99.480 Contracts for work -- Satisfaction of legal requirements
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Before the agency enters into any contracts for work of demolition, grading, clearing or construction of utilities or other facilities or site improvements, it shall satisfy all requirements of the law, applicable to similar contracts of the community, relating to the advertiseme…
KRS § 99.490 Exercise of agency powers by community or housing authority
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If the council within its discretion finds and determines that it would be more efficient and in the public interest for the powers, functions, and duties of an agency to be exercised by the community or the housing authority of the community, such community or housing authority …
KRS § 99.500 Cooperation between communities
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Two or more communities may jointly exercise the powers granted under KRS 99.330 to 99.510 and in such case the planning commissions, councils, and agencies may hold joint meetings, but all public hearings shall be held in each community which is affected under KRS 99.330 to 99.5…
KRS § 99.510 Additional conferred powers
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The powers conferred by KRS 99.330 to 99.510 shall be in addition and supplemental to the powers conferred by any other law.