Kentucky Statutes 91.754 – Petition proceedings to request establishment of district
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(1) A city, consolidated local government, or urban-county government may initiate proceedings to establish a management district upon receipt by the executive authority of a written petition requesting the formation of a management district. A petition requesting the formation of a management district shall contain:
(a) The signatures and addresses of at least thirty-three percent (33%) of the owners of real property within the proposed management district and a number of real property owners, who together are the owners of real property equal to at least fifty-one percent (51%) of the assessed value of property within the proposed management district;
(b) An accurate description of the boundaries of the proposed management district;
(c) An economic improvement plan that shall provide:
1. A description of the economic improvements to be provided within the district;
2. A preliminary estimate of the annual costs of the proposed economic improvements;
3. The proposed method of assessing the costs of the economic improvements against the properties; and
(d) The proposed makeup of the board of directors of the management district, its powers and duties.
(2) When a petition satisfying the requirements of subsection (1) of this section is received by the executive authority, he or she shall forward it to the legislative body which may proceed to enact an ordinance establishing a management district as provided in KRS § 91.756.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 119, sec. 3, effective June 20, 2005. — Amended
1996 Ky. Acts ch. 123, sec. 3, effective July 15, 1996. — Created 1990 Ky. Acts ch.
297, sec. 3, effective July 1990.
(a) The signatures and addresses of at least thirty-three percent (33%) of the owners of real property within the proposed management district and a number of real property owners, who together are the owners of real property equal to at least fifty-one percent (51%) of the assessed value of property within the proposed management district;
Terms Used In Kentucky Statutes 91.754
- City: includes town. See Kentucky Statutes 446.010
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) An accurate description of the boundaries of the proposed management district;
(c) An economic improvement plan that shall provide:
1. A description of the economic improvements to be provided within the district;
2. A preliminary estimate of the annual costs of the proposed economic improvements;
3. The proposed method of assessing the costs of the economic improvements against the properties; and
(d) The proposed makeup of the board of directors of the management district, its powers and duties.
(2) When a petition satisfying the requirements of subsection (1) of this section is received by the executive authority, he or she shall forward it to the legislative body which may proceed to enact an ordinance establishing a management district as provided in KRS § 91.756.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 119, sec. 3, effective June 20, 2005. — Amended
1996 Ky. Acts ch. 123, sec. 3, effective July 15, 1996. — Created 1990 Ky. Acts ch.
297, sec. 3, effective July 1990.