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 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, 2025 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
Approval to re-establish and continue the Downtown Lexington Management District (DLMD). Approval will allow the district to continue through July 1, 2025. The DLMD was originally approved pursuant to Lexington-Fayette Urban County Government Ordinance 52-2015. No Budgetary impact. (L0091-20) (Atkins)
Budgetary Implications: No
Advance Document Review:
Law: { Yes, Completed by Evan Thompson}
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
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Body
WHEREAS, on or about December 17, 2019, the Mayor received a formal request and petition to re-establish the management district previously created and established in a portion of downtown Lexington, Kentucky, pursuant to Lexington-Fayette Urban ...
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