KRS 99.250: Temporary occupation of real property after acquisition and before

development.

(1) When title to real property has vested in a redevelopment corporation or city by gift,

grant, devise, purchase or otherwise, or in the city by condemnation proceedings or

otherwise, the redevelopment corporation or city, as the case may be, may agree

with the previous owners of such property, or any tenants continuing to occupy or

use it, or any other persons who may occupy or use or seek to occupy or use such

property, that such former owner, tenant or other person may occupy or use such

property upon the payment of a fixed sum of money for a definite term or upon the

payment periodically of an agreed sum of money. Such occupation or use shall not

be construed as a tenan cy from month to month, nor require the giving of notice by

the redevelopment corporation or the city, as the case may be, for the termination of

such occupation or use or the right to such occupation or use, but immediately upon

the expiration of the term for which payment has been made the redevelopment

corporation or city, as the case may be, shall be entitled to possession of the real

property and may maintain summary proceedings by forcible detainer or otherwise,

and shall be entitled to such other rem edy as may be provided by law for obtaining

immediate possession thereof. A former owner, tenant or other person occupying or

using such property shall not be required to give notice to the redevelopment

corporation or city, as the case may be, at the expi ration of the term for which he

has made payment for such occupation or use, as a condition to his cessation of

occupation or use and termination of liability therefor.

(2) In the event that a city has acquired real property for a redevelopment corporatio n,

the city shall, in transferring title to the redevelopment corporation, deduct from the

consideration or other moneys which the redevelopment corporation has become

obligated to pay to the city for such purpose, and credit the redevelopment

corporation with, the amounts received by the city as payment for temporary

occupation and use of the real property by a former owner, tenant, or other person,

as in this section provided, less the cost and expense incurred by the city for the

maintenance and operation of such real property.