State Codes and Statutes

Statutes > Kentucky > 065-00 > 7055

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Page 1 of 2 65.7055 Amendment, change, or revision to development plan or development area -- Adoption -- Hearing and notice -- Ordinance. Any amendment, change, or revision to a development plan adopted as part of a <br>development area established pursuant to KRS 65.7049, 65.7051, and 65.7053, including <br>the addition of a project, use of new or different redevelopment assistance within the <br>development area, or amendment of the development area boundaries shall be made as <br>follows, provided that any amendment adopted shall not extend the existence of <br>development area beyond the termination date: <br>(1) An amendment to the development plan shall be adopted by the city or county. The proposed development plan amendment shall include the following: <br>(a) Identification of the development area to which the amendment applies; <br>(b) A copy of the development plan as revised by the amendment; <br>(c) A narrative description of the proposed changes to the original development area plan and how those changes will impact the original development plan; (d) If the amendment changes the boundaries, or in any way amends maps filed with the original development plan, a revised map, a revised legal description <br>of the development area, and revised geographic reference points, and <br>identification of new improvements, or projects proposed in the amendment; (e) A description of the redevelopment assistance proposed to be employed, including the manner and location of such assistance relating to the proposed <br>amendment; (f) A financial plan relating to the proposed amendment, including the proposed cost of providing any redevelopment assistance and proposed projects to be <br>funded, the sources of funding to meet those costs, projected incremental <br>revenues, and the projected time period during which financial obligations <br>will be incurred; (g) Proposed changes of any zoning ordinance, comprehensive plan, master plan, map, building code, or ordinance required to implement the proposed <br>amendment; and (h) If the city or county is a member of a planning unit, certification of review by the planning commission for compliance with the comprehensive plan of the <br>planning unit pursuant to KRS Chapter 100 after any necessary changes <br>identified in paragraph (g) of this subsection are made. (2) Prior to the adoption of an amendment to a development plan, the city or county shall comply with the hearing and notice provisions set forth in KRS 65.7051(2) <br>and (3). The notice provided in relation to an amendment to the development plan <br>shall include a summary of how the amendment changes the development plan and <br>shall identify new redevelopment assistance and projects proposed by the <br>amendment. (3) The city or county shall adopt any amendment to the development plan and any amendment to the development area by ordinance. The ordinance shall include the <br>following provisions: Page 2 of 2 (a) A provision adopting the amendment to the development plan required by subsection (1) of this section; (b) Approval of any local participation agreements or other agreements relating to the amendment; (c) The identification of any new or different state or local tax revenues pledged by any taxing district to support the provision of redevelopment assistance or <br>projects identified in the amendment; (d) A finding that the amendment does not increase the aggregate value of taxable real property included in all the redevelopment areas and the local <br>development areas within the jurisdiction of the city or county to more than <br>twenty percent (20%) of the total value of taxable real property within its <br>jurisdiction. For the purpose of determining whether the twenty percent (20%) <br>threshold has been met, the assessed value of taxable real property within all <br>of the local development areas and development areas shall be valued as of <br>the establishment date; and (e) Any other provisions, findings, limitations, rules, or procedures regarding the amendment deemed necessary by the city or county. Effective: July 15, 2008 <br>History: Amended 2008 Ky. Acts ch. 178, sec. 6, effective July 15, 2008. -- Created 2007 Ky. Acts ch. 95, sec. 8, effective March 23, 2007.

State Codes and Statutes

Statutes > Kentucky > 065-00 > 7055

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Page 1 of 2 65.7055 Amendment, change, or revision to development plan or development area -- Adoption -- Hearing and notice -- Ordinance. Any amendment, change, or revision to a development plan adopted as part of a <br>development area established pursuant to KRS 65.7049, 65.7051, and 65.7053, including <br>the addition of a project, use of new or different redevelopment assistance within the <br>development area, or amendment of the development area boundaries shall be made as <br>follows, provided that any amendment adopted shall not extend the existence of <br>development area beyond the termination date: <br>(1) An amendment to the development plan shall be adopted by the city or county. The proposed development plan amendment shall include the following: <br>(a) Identification of the development area to which the amendment applies; <br>(b) A copy of the development plan as revised by the amendment; <br>(c) A narrative description of the proposed changes to the original development area plan and how those changes will impact the original development plan; (d) If the amendment changes the boundaries, or in any way amends maps filed with the original development plan, a revised map, a revised legal description <br>of the development area, and revised geographic reference points, and <br>identification of new improvements, or projects proposed in the amendment; (e) A description of the redevelopment assistance proposed to be employed, including the manner and location of such assistance relating to the proposed <br>amendment; (f) A financial plan relating to the proposed amendment, including the proposed cost of providing any redevelopment assistance and proposed projects to be <br>funded, the sources of funding to meet those costs, projected incremental <br>revenues, and the projected time period during which financial obligations <br>will be incurred; (g) Proposed changes of any zoning ordinance, comprehensive plan, master plan, map, building code, or ordinance required to implement the proposed <br>amendment; and (h) If the city or county is a member of a planning unit, certification of review by the planning commission for compliance with the comprehensive plan of the <br>planning unit pursuant to KRS Chapter 100 after any necessary changes <br>identified in paragraph (g) of this subsection are made. (2) Prior to the adoption of an amendment to a development plan, the city or county shall comply with the hearing and notice provisions set forth in KRS 65.7051(2) <br>and (3). The notice provided in relation to an amendment to the development plan <br>shall include a summary of how the amendment changes the development plan and <br>shall identify new redevelopment assistance and projects proposed by the <br>amendment. (3) The city or county shall adopt any amendment to the development plan and any amendment to the development area by ordinance. The ordinance shall include the <br>following provisions: Page 2 of 2 (a) A provision adopting the amendment to the development plan required by subsection (1) of this section; (b) Approval of any local participation agreements or other agreements relating to the amendment; (c) The identification of any new or different state or local tax revenues pledged by any taxing district to support the provision of redevelopment assistance or <br>projects identified in the amendment; (d) A finding that the amendment does not increase the aggregate value of taxable real property included in all the redevelopment areas and the local <br>development areas within the jurisdiction of the city or county to more than <br>twenty percent (20%) of the total value of taxable real property within its <br>jurisdiction. For the purpose of determining whether the twenty percent (20%) <br>threshold has been met, the assessed value of taxable real property within all <br>of the local development areas and development areas shall be valued as of <br>the establishment date; and (e) Any other provisions, findings, limitations, rules, or procedures regarding the amendment deemed necessary by the city or county. Effective: July 15, 2008 <br>History: Amended 2008 Ky. Acts ch. 178, sec. 6, effective July 15, 2008. -- Created 2007 Ky. Acts ch. 95, sec. 8, effective March 23, 2007.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 065-00 > 7055

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Page 1 of 2 65.7055 Amendment, change, or revision to development plan or development area -- Adoption -- Hearing and notice -- Ordinance. Any amendment, change, or revision to a development plan adopted as part of a <br>development area established pursuant to KRS 65.7049, 65.7051, and 65.7053, including <br>the addition of a project, use of new or different redevelopment assistance within the <br>development area, or amendment of the development area boundaries shall be made as <br>follows, provided that any amendment adopted shall not extend the existence of <br>development area beyond the termination date: <br>(1) An amendment to the development plan shall be adopted by the city or county. The proposed development plan amendment shall include the following: <br>(a) Identification of the development area to which the amendment applies; <br>(b) A copy of the development plan as revised by the amendment; <br>(c) A narrative description of the proposed changes to the original development area plan and how those changes will impact the original development plan; (d) If the amendment changes the boundaries, or in any way amends maps filed with the original development plan, a revised map, a revised legal description <br>of the development area, and revised geographic reference points, and <br>identification of new improvements, or projects proposed in the amendment; (e) A description of the redevelopment assistance proposed to be employed, including the manner and location of such assistance relating to the proposed <br>amendment; (f) A financial plan relating to the proposed amendment, including the proposed cost of providing any redevelopment assistance and proposed projects to be <br>funded, the sources of funding to meet those costs, projected incremental <br>revenues, and the projected time period during which financial obligations <br>will be incurred; (g) Proposed changes of any zoning ordinance, comprehensive plan, master plan, map, building code, or ordinance required to implement the proposed <br>amendment; and (h) If the city or county is a member of a planning unit, certification of review by the planning commission for compliance with the comprehensive plan of the <br>planning unit pursuant to KRS Chapter 100 after any necessary changes <br>identified in paragraph (g) of this subsection are made. (2) Prior to the adoption of an amendment to a development plan, the city or county shall comply with the hearing and notice provisions set forth in KRS 65.7051(2) <br>and (3). The notice provided in relation to an amendment to the development plan <br>shall include a summary of how the amendment changes the development plan and <br>shall identify new redevelopment assistance and projects proposed by the <br>amendment. (3) The city or county shall adopt any amendment to the development plan and any amendment to the development area by ordinance. The ordinance shall include the <br>following provisions: Page 2 of 2 (a) A provision adopting the amendment to the development plan required by subsection (1) of this section; (b) Approval of any local participation agreements or other agreements relating to the amendment; (c) The identification of any new or different state or local tax revenues pledged by any taxing district to support the provision of redevelopment assistance or <br>projects identified in the amendment; (d) A finding that the amendment does not increase the aggregate value of taxable real property included in all the redevelopment areas and the local <br>development areas within the jurisdiction of the city or county to more than <br>twenty percent (20%) of the total value of taxable real property within its <br>jurisdiction. For the purpose of determining whether the twenty percent (20%) <br>threshold has been met, the assessed value of taxable real property within all <br>of the local development areas and development areas shall be valued as of <br>the establishment date; and (e) Any other provisions, findings, limitations, rules, or procedures regarding the amendment deemed necessary by the city or county. Effective: July 15, 2008 <br>History: Amended 2008 Ky. Acts ch. 178, sec. 6, effective July 15, 2008. -- Created 2007 Ky. Acts ch. 95, sec. 8, effective March 23, 2007.