KRS § 99.615 — KY Code / Title IX / Chapter 99 / Section 99.615
99.615 Definitions for KRS 99.610 to 99.680
Status: in_force

99.615 Definitions for KRS 99.610 to 99.680.

The following words or terms shall have the following meanings wherever used in KRS

99.610 to 99.680 unless a different meaning is clearly indicated by the context:

(1) "Act" means KRS 99.610 to 99.680 which may be called the "Local Development

Authority Act";

(2) "Technical advisory council" means that committee appointed under the terms of

KRS 99.655;

(3) "Price advisory council" means that committee appointed under the terms of KRS

99.680;

(4) "Agency" means a development authority established by this statute in and for cities

of the first class, cities with populations equal to or greater than fifteen thousand

(15,000) based upon the most recent federal decennial census, a consolidated local

government, and urban-county governments;

(5) "Bonds" means any bonds, notes, interim certificates, debentures, or other

obligations issued by an agency pursuant to the provisions and purposes of KRS

99.610 to 99.680;

(6) "Project area" means any area or specific property designated by an agency or any

area or specific property actually acquired or formally proposed for acquisition by

an agency, for historical or open space preservation purposes, or for the

development permitted by KRS 99.610 to 99.680;

(7) "City" means any city of the first class, cities with populations equal to or greater

than fifteen thousand (15,000) based upon the most recent federal decennial census,

a consolidated local government, or an urban-county government, in which an

agency has been established;

(8) "Development" means the acquisition, planning, designing, clearance, renovation,

or rehabilitation of existing improvements, development, and disposal, or any

combination thereof, of a project area, including the preparation of such project area

for the development of residential, commercial, industrial, public, recreational, open

space, or other uses, including the preservation of existing residential, commercial,

industrial, public, recreational, open spaces, or other uses valued locally for their

economic or historical importance as may be appropriate or necessary, in the

opinion of the board of commissioners of an agency;

(9) "Subdevelopment" means the actual construction, renovation, or rehabilitation of

improvements to real property including the installation of or improvement to

existing utilities, curbs, gutters, sidewalks, storm sewers, and other necessary works

and improvements, consistent with the established development plan for each

specific project area in order to market, through private enterprise, said

improvements to individuals, commercial business, and industry;

(10) "Development plan" means the plan for the development as defined, of all or any

part of a project area;

(11) "Mayor" means the mayor of a city as defined in this section;

(12) "Governing board" means a board of aldermen or commissioners, a legislative

council in a consolidated local government, an urban-county council, or any

legislative body of a city as defined in this section;

(13) "Project" means any undertaking within a project area and any such undertaking

which may be included in, and financed by, a single or separate financing agreement

or bond issue;

(14) "Persons and families of lower income" means persons and families who lack the

amount of income which is necessary (as determined by standards established by

the agency) to enable them, without financial assistance, to live in decent, safe, and

sanitary dwellings, without overcrowding; and

(15) "Residential housing project" means a specific work or improvement undertaken

primarily to provide or to rehabilitate dwelling accommodations for persons and

families of lower income, including the acquisition, construction, and rehabilitation

of land, buildings, and improvements and such other facilities as may be incidental

or appurtenant thereto.