KRS 99.620: Creation of development authority.

There is hereby authorized, created, and established in cities as defined in KRS 99.615,

upon adoption of a resolution so declaring by a majority of the governing board of said

cities, an agency to be known by the name of the city, and the words "Developme nt

Authority." Said agency shall exist for each such city with the powers, duties, and

functions hereinafter provided.