KRS 99.520: Legislative finding and policy of KRS 99.520 to 99.590.

It is hereby found and declared that (1) there exist in communities of the state, slum,

blighted and deteriorated areas which constitute a serious and growing menace, injurious

to the public health, safety, morals and welfare of the residents of the state, and the

findings and declarations heretofore made in KRS 99.330 with respect to slum and

blighted areas are hereby affirmed and restated, (2) certain slum, blighted or deteriorated

areas, or portions thereof, may require acquisition and clearance, as prov ided in KRS

99.330 to 99.510, since the prevailing condition of decay may make impracticable the

reclamation of the area by conservation or rehabilitation, but other areas or portions

thereof may, through the means provided in KRS 99.330 to 99.510 and KRS 99.520 to

99.590, be susceptible of conservation or rehabilitation in such a manner that the

conditions and evils hereinbefore enumerated may be eliminated, remedied or prevented,

and to the extent feasible salvable slum and blighted areas should be conser ved and

rehabilitated through voluntary action and the regulatory process, and (3) all powers

conferred by KRS 99.330 to 99.510 and KRS 99.520 to 99.590, are for public uses and

purposes for which public money may be expended and such other powers exercise d, and

the necessity in the public interest for the provisions of KRS 99.330 to 99.510 and KRS

99.520 to 99.590, is hereby declared as a matter of legislative determination. A

community, to the greatest extent it determines to be feasible in carrying out t he

provisions of KRS 99.330 to 99.510 and KRS 99.520 to 99.590, shall afford maximum

opportunity, consistent with the sound needs of the community as a whole, to the

rehabilitation or redevelopment of areas by private enterprise.