In accordance with the Act, the county hereby makes the following findings and determinations with respect to the CVG7 Airpark Logistics Local Development Area:
(A) The CVG7 Airpark Logistics Local Development Area consists of a contiguous tract of land that is less than 1,000 acres. The actual size of the CVG7 Airpark Logistics Local Development Area is approximately 61 acres;
(B) The CVG7 Airpark Logistics Local Development Area constitutes undeveloped land that is being developed; and
(C) The establishment of the CVG7 Airpark Logistics Local Development Area will not cause the assessed taxable value of real property within the CVG7 Airpark Logistics Local Development Area and within all "development areas" and "local development areas" established by the county (as those terms are defined in the Act) to exceed 20% of the total assessed taxable value of real property within the county. The assessed value of taxable real property within the CVG7 Airpark Logistics Local Development Area for calendar year 2020 was $0.00 and the total assessed value of taxable real property within the county for the calendar year 2020 was $13,169,000,000. While the county has established other local development areas, in additional to the CVG7 Airpark Logistics Local Development Area, the total taxable real property assessment within all such areas, including the CVG7 Airpark Logistics Local Development Area is just a very small percentage of the county's total taxable real property assessment. Therefore, the assessed value of taxable real property within the CVG7 Airpark Logistics Local Development Area is significantly less than 20% of the assessed value of taxable real property within the county.
(Ord. 2021-17, passed 6-8-21)