KRS 65.7041: Findings of General Assembly relative to KRS 65.7041 to 65.7083.

(1) The General Assembly finds and declares that the establishment of development

areas, local development areas, and projects which result in increased property

values, increased employment opportunities, and increased economic activity in

communities within the Commonwealth serves a public purpose.

(2) The General Assembly further finds and declares that the authority prescribed in

KRS 65.7041 to 65.7083, and the purposes to be accomplished thereunder, are

proper.

(3) A city or county creating or expanding a development area or local development

area, shall, to the greatest extent it determines to be reasonably feasible in carrying

out the provisions of KRS 65.7041 to 65.7083, afford maximum opportunity for the

rehabilitation, development, renovation, or impro vement of a development area or

local development area by private enterprise.