Title
An Ordinance enacting Article XLIX of Chapter 2 of the Code of Ordinances of the Lexington-Fayette Urban County Government to authorize the creation of the Lexington-Fayette Urban County Industrial Authority, a non-profit Industrial Development Authority created pursuant to KRS 154.50-301, et seq. to act as an agency of the Urban County Government for the purpose of aiding in the acquisition, retention and development of land for industrial and commercial purposes in Fayette County, to aid in the development and promotion of industrial sites, parks and subdivisions for accommodating industrial and commercial needs, and to promote and stimulate the acquisition, retention and development of land for industrial and commercial purposes in Fayette County by other local development organizations; and establishing powers and duties, limitations of powers, appointment of members, officers, quorum, frequency of meetings, bylaws and dissolution; all effective upon date of passage. [Mayor's Office, Atkins]
Summary
Authorization to establish the Lexington-Fayette Urban County Industrial Authority pursuant to KRS 154.50-301 (the "Local Industrial Development Authority Act") to establish an industrial authority board and aid in the development and promotion of industrial sites. (L1143-18) (Atkins)
Budgetary Implications: No
Advance Document Review:
Law: { Select Yes/No, Completed by [Attorney Name, Date]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: N/A
Account Number:
This Fiscal Year Impact: $N/A
Annual Impact: $N/A
Project:
Activity:
Budget Reference:
Current Balance:
Body
BE IT ORDAINED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That Article XLIX of Chapter 2 of the Code of Ordinances of the Lexington-Fayette Urban County Government be and hereby is created and enacted to read as follows:
Sec. 2-513 Created; purpose.
(1) Pursuant to KRS 154.50-301, et seq. (the "Local Ind...
Click here for full text