Title
An Ordinance amending and reenacting Ordinance No. 47-2010, as amended and reenacted by Ordinance No. 27-2012, to expand the Red Mile Development Area which was created for Tax Increment Financing purposes to include additional property within the development area, without changing the list of approved public infrastructure improvements or their cost, or the amount of tax revenue that has been previously approved or committed for reimbursement by the Lexington-Fayette Urban County Government and the Commonwealth of Ky. in regard to the Red Mile Mixed Use Project; adopting the Red Mile Development Area as amended herein; making certain findings of the government in support of its decision; and authorizing the Mayor and other appropriate officials to take such other actions that are necessary or required in connection with making improvements within the Red Mile Development Area in conformity with Tax Increment Financing requirements. (Public Hearing on June 4, 2026 at 6 p.m.) [Mayor's Office, Atkins]
Summary
Authorization to amend Ordinance No. 47-2010, as amended and re-enacted by Ordinance No. 27-2012, related to the Red Mile Tax Increment Financing Development Area, to include additional property within the designated development area. No Budgetary impact. (L0395-26)(Atkins)
Budgetary Implications [select]: NO
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 5/11/2026]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: NA
Account Number:
This Fiscal Year Impact: NA
Annual Impact: NA
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, Pursuant to Lexington-Fayette Urban County Government Ordinance No. 47-2010, the Lexington-Fayette Urban County Government ("LFUCG") adopted the Red Mile Development Plan and established the Red Mile Development Area in 2010 pursuant to KRS 65.7041 to 65.7083 (the "Act") to encourage reinvestment in an area of the community characterized by ...
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