Title
An Ordinance re-establishing and continuing, pursuant to KRS 91.750, et seq., the "Downtown Lexington Management District", previously created and established pursuant to Ordinance No. 52-2015 and previously re-established pursuant to Ordinance No. 32-2020, and providing for its boundaries; a fifteen member board, the requirements and appointing process for board members, and their term limits; the powers of the board; a fiscal year commencing on July 1st, the undertaking of economic improvements by the board; a Budget and audit process; an affirmative action plan; public information; an assessment not to exceed $.10 of $100 of the assessed property value for each assessed property within the district; a contesting and appeal process; liens; an annual report to property owners; ethical requirements on board members; termination of the District on July 1, 2035 unless re-established by the Urban County Council in accordance with state statute; board guidelines; Contracting requirements; management, marketing, and administration; reporting requirements; an advisory Council to the Board; severability; all effective upon date of passage. [Mayor's Office, Atkins]
Summary
Authorization to re-establish and continue the Downtown Lexington Management District (DLMD) for a period of 10-years through July 1, 2035. The DLMD was originally established in 2015 per Ordinance 52-2015 and renewed in 2020 per Ordinance 32-2020. No Budgetary impact. A public hearing is required and requested for May 8, 2025, meeting prior to the second reading of the Ordinance. (L0366-25)(Atkins)
Budgetary Implications [select]: NO
Advance Document Review:
Law: { Yes, Completed by [Evan Thompson, 4/11/2025]}
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, on or about April 3, 2025, the Mayor received a form...
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