Lexington-Fayette Urban County Government - File #: 1323-16

• File #: 1323-16
• Version: 1
• Name: Public Infrastructure Program - Draft Ordinance
• Type: Ordinance
• Status: Approved
• File created: 11/17/2016
• In control: Urban County Council
• On agenda: 4/27/2017
• Final action: 4/27/2017
• Enactment date: 4/27/2017
• Enactment #: O-051-2017
• Title: An Ordinance establishing a local economic development and infill incentive program to be known as the Public Infrastructure Program and providing for its purpose, the creation of the Public Infrastructure Program Board, program fund protections, priorities, limitations, criteria, an application process, administration by the Commissioner of Planning, Preservation and Development, and a program fund; all effective upon date of passage. [Council Office, Maynard]

Date	Ver.	Action By	Action	Result
4/27/2017	1	Urban County Council
4/27/2017	1	Urban County Council	Approved	Pass
4/13/2017	1	Urban County Council	Received First Reading
3/21/2017	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title
An Ordinance establishing a local economic development and infill incentive program to be known as the Public Infrastructure Program and providing for its purpose, the creation of the Public Infrastructure Program Board, program fund protections, priorities, limitations, criteria, an application process, administration by the Commissioner of Planning, Preservation and Development, and a program fund; all effective upon date of passage. [Council Office, Maynard]
Body
WHEREAS, in order to increase its competitiveness in attracting businesses with good-paying jobs, grow existing businesses, and increase residential and retail infill development in the core urban area of Lexington, Kentucky, the Lexington-Fayette Urban County Government must broaden and strengthen its current public infrastructure incentives capabilities and invest additional local resources to supplement existing incentives; and
WHEREAS, the Urban County Government desires to establish a local economic development and infill incentive program to attract or expand the growth of these types of businesses and enhance residential and retail infill development in the Urban Core area in Lexington-Fayette County; and
WHEREAS, the anticipated economic impact attributable to the Public Infrastructure Program created by this Ordinance is significant and will benefit the citizens and taxpayers of Lexington-Fayette County, and the expenditure of the program funds fulfills a public purpose.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the above recitals are incorporated herein by reference as if fully stated herein.
Section 2 - That there be and hereby is established a local economic development and infill incentive program to be known as the "Public Infrastructure Program" (or the "Program").
Section 3 - That the purpose of the Program is to provide certain qualified projects with local fun...