(A) Pursuant to KRS 92.305(1), the city hereby finds and declares that abandoned urban property ("abandoned urban property"), as defined in KRS 132.012, and blighted or deteriorated property ("blighted urban property"), as defined by KRS 99.700 to 99.730, exists in the city.
(B) (1) Abandoned urban property and blighted urban property are established as a separate classification of real property for the purpose of ad valorem taxation.
(2) As used in this subchapter, "abandoned urban property" shall have the same meaning as in KRS 132.012(1) and "blighted urban property" shall have the same meaning as in KRS 99.705(2).
(Ord. 2021-6, passed 6-1-21)