12-17,122.   Same; definitions.For the purposes of this act, the following terms shall havethemeanings provided herein, unless the context clearly indicates, otherwise:

      (a)   "Base year appraised value" means the appraised value, as determined bythe county appraiser, of the real property located within the boundaries of adowntown redevelopment area for the tax year immediately preceding atwelve-month period in which an investment for improvements to the realproperty or trade fixtures therein, equal to or exceeding 25% of the appraisedvalue of the real property, was made;

      (b)   "core commercial district" means an area of a city or unincorporated areaof a county characterized by avariety of compact commercial, office, residential and public uses that make itmost directly analogous to central business districts commonly identified byzoning regulations;

      (c)   "distressed community" means an area in which 20% or more of thepopulation of all ages for each census tract located within the area has anincome below the poverty level as reported in the most recently completeddecennial census published by the U.S. bureau of the census;

      (d)   "downtown redevelopment area" or "redevelopment area" means an areadesignated by the secretary of commerce pursuant to this act for the purposeof identifying real property that is eligible to receive tax benefits asprovided inK.S.A. 2009 Supp.12-17,124, and amendments thereto;

      (e)   "fund" means the fund created by the governing body of a city orunincorporated area of a county to comply with the requirements of this act;

      (f)   "governing body" means the governing body of a city or theunincorporated area of a county;

      (g)   "real property taxes" means all taxes levied on an advalorem basis uponland and the improvements thereon;

      (h)   "secretary" means the secretary of the department ofcommerce; and

      (i)   "tax increment" means all real property taxes assessedpursuant to K.S.A.79-1439, and amendments thereto, to the amount of the current appraised valueof the property in excess of the base year appraised value of the propertylocated within a redevelopment area or proposed redevelopment area.

      History:   L. 2004, ch. 112, § 82;L. 2005, ch. 80, § 5; Apr. 14.