For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
AESTHETIC AND STRUCTURAL IMPROVEMENTS. Facade improvements, structural improvements, White Boxing with significant exterior improvement if being actively marketed, roofs visible to the public, painting of the building, paving, installation of awnings, and new doors/windows are examples of approved improvements.
ELIGIBLE BUSINESS. Any franchise, trade, occupation, profession or other business within the meaning and context of KRS 92.280, 92.281 and § 181 of the Kentucky Constitution that has less than $750,000 in annual payroll (defined as W-2 WAGES or K-1 WAGES) other than:
(1) Those business activities of sexually oriented businesses or sexual encounter establishments as elsewhere defined and regulated in other ordinances of the city; and
(2) Those business activities which receive incentives from the state that involve occupational license fees for which the city already is contributing to those incentives.
GRANT. An amount of matching funds provided by the city not to exceed $10,000.
WHITE BOXING. A lettable space with a minimally finished interior that may contain ceilings, lighting, plumbing, HVAC, interior walls, electrical outlets, and a concrete floor.
(Ord. 2480, passed 7-2-2019; Ord. 2505, passed 10-6-2020; Ord. 2519, passed 6-1-2021)