{"data":{"id":"us-ky/krs-65.7055","jurisdiction":"us-ky","citation":"KRS 65.7055","heading":"Amendment, change, or revision to development plan or development area","body":"-- Adoption -- Hearing and notice -- Ordinance.\nAny amendment, change, or revision to a development plan adopted as part of a\ndevelopment area established pursuant to KRS 65.7049, 65.7051, and 65.7053, including\nthe addition of a project, use of new or different redevelopment assistance within the\ndevelopment area, or amendment of the development area boundaries shall be made as\nfollows, provided that any amendment adopted shall not  extend the existence of\ndevelopment area beyond the termination date:\n(1) An amendment to the development plan shall be adopted by the city or county. The\nproposed development plan amendment shall include the following:\n(a) Identification of the development area to which the amendment applies;\n(b) A copy of the development plan as revised by the amendment;\n(c) A narrative description of the proposed changes to the original development\narea plan and how those changes will impact the original development plan;\n(d) If the amendment changes the boundaries, or in any way amends maps filed\nwith the original development plan, a revised map, a revised legal description\nof the development area, and revised geographic reference points, and\nidentification of new improvements, or projects proposed in the amendment;\n(e) A description of the redevelopment assistance proposed to be employed,\nincluding the manner and location of such assistance relating to the proposed\namendment;\n(f) A financial plan relating to the propose d amendment, including the proposed\ncost of providing any redevelopment assistance and proposed projects to be\nfunded, the sources of funding to meet those costs, projected incremental\nrevenues, and the projected time period during which financial obligati ons\nwill be incurred;\n(g) Proposed changes of any zoning ordinance, comprehensive plan, master plan,\nmap, building code, or ordinance required to implement the proposed\namendment; and\n(h) If the city or county is a member of a planning unit, certification of review by\nthe planning commission for compliance with the comprehensive plan of the\nplanning unit pursuant to KRS Chapter 100 after any necessary changes\nidentified in paragraph (g) of this subsection are made.\n(2) Prior to the adoption of an amendment to a development plan, the city or county\nshall comply with the hearing and notice provisions set forth in KRS 65.7051(2)\nand (3). The notice provided in relation to an amendment to the development plan\nshall include a summary of how the amendment changes the development plan and\nshall identify new redevelopment assistance and projects proposed by the\namendment.\n(3) The city or county shall adopt any amendment to the development plan and any\namendment to the development area by ordinance. The ordinance shal l include the\nfollowing provisions:\n(a) A provision adopting the amendment to the development plan required by\nsubsection (1) of this section;\n(b) Approval of any local participation agreements or other agreements relating to\nthe amendment;\n(c) The identification of any new or different state or local tax revenues pledged\nby any taxing district to support the provision of redevelopment assistance or\nprojects identified in the amendment;\n(d) A finding that the amendment does not increase the aggregate value of taxable\nreal property included in all the redevelopment areas and the local\ndevelopment areas within the jurisdiction of the city or county to more than\ntwenty percent (20%) of the total value of taxable real property within its\njurisdiction. For the purpose of determining whether the twenty percent (20%)\nthreshold has been met, the assessed value of taxable real property within all\nof the local development areas and development areas shall be valued as of\nthe establishment date; and\n(e) Any other provisions, findings, limitations, rules, or procedures regarding the\namendment deemed necessary by the city or county.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23476","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:22Z","sha256":"0173f930d067f45f8b0338a67295829be974ec61fe1414154d719b8f47377b81","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.7053","next":"us-ky/krs-65.7056"},"notice":"GroundRules: Original legal text. Not legal advice."}