Title
An Ordinance establishing an Energy Project Assessment District Program (EPAD) pursuant to KRS 65.205 to 65.209 to support private sector energy projects; designating the EPAD district boundaries; determining that administration of the program may be by contract with a third-party; designating the Fayette County Sheriff as collector of the assessment; setting eligible improvement projects; and creating the procedures for eligible property owners located in the EPAD area to participate in the EPAD program. [Council Office, Maynard]
Summary
Body
WHEREAS, KRS Sections 65.205 through 65.209 (the "EPAD Act") authorizes local governments in Kentucky, including Urban County governments, to establish a program to advance the conservation and efficient use of energy and water resources by allowing for private sector energy projects to be paid through assessments imposed upon real property being improved through the energy project;
WHEREAS, to establish an Energy Project Assessment District ("EPAD") Program, an Ordinance or Resolution shall be adopted providing the terms and conditions of the Program, including the designation of the EPAD, a description of the EPAD boundaries, and the procedure for eligible property owners located in the EPAD area to petition the Lexington-Fayette Urban County Government for participation in the program;
WHEREAS, nothing contained herein shall require public-funding of such private sector energy projects; and
WHEREAS, the Urban County Council determines it to be in the best interest of the citizens of Lexington-Fayette Urban County Council to establish an EPAD pursuant to the EPAD Act to enable eligible property owners to finance energy saving improvements to their properties in Lexington-Fayette County.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That there is hereby established an Energy Project Assessment District (EPAD) Program pursuant to KRS 65.205 to 65...
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