Find Legal Information

91.754 Petition proceedings to request establishment of district.

Download pdf

Page 1 of 1 91.754 Petition proceedings to request establishment of district. (1) A city, consolidated local government, or urban-county government may initiate proceedings to establish a management district upon receipt by the executive <br>authority of a written petition requesting the formation of a management district. A <br>petition requesting the formation of a management district shall contain: <br>(a) The signatures and addresses of at least thirty-three percent (33%) of the owners of real property within the proposed management district and a <br>number of real property owners, who together are the owners of real property <br>equal to at least fifty-one percent (51%) of the assessed value of property <br>within the proposed management district; (b) An accurate description of the boundaries of the proposed management district; (c) An economic improvement plan that shall provide: 1. A description of the economic improvements to be provided within the <br>district; 2. A preliminary estimate of the annual costs of the proposed economic <br>improvements; 3. The proposed method of assessing the costs of the economic <br>improvements against the properties; and (d) The proposed makeup of the board of directors of the management district, its powers and duties. (2) When a petition satisfying the requirements of subsection (1) of this section is received by the executive authority, he or she shall forward it to the legislative body <br>which may proceed to enact an ordinance establishing a management district as <br>provided in KRS 91.756. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 119, sec. 3, effective June 20, 2005. -- Amended 1996 Ky. Acts ch. 123, sec. 3, effective July 15, 1996. -- Created 1990 Ky. Acts <br>ch. 297, sec. 3, effective July 1990.