For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
AESTHETIC AND STRUCTURAL IMPROVEMENTS. Façade improvements, structural improvements, painting of the exterior building, installation of awnings, new exterior 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;
(2) Those business activities which receive incentives from the Commonwealth that involve occupational license fees for which the city already is contributing to those incentives;
(3) Those businesses that have been approved for a Grow Grant within the past two years; and
(4) Those businesses that have exceeded or would exceed $25,000 of any city grant over a five-year period, unless approved by City Council.
GRANT. An amount of matching fund provided by the City of Fort Thomas not to exceed $20,000.
(Ord. O-11-2022, passed 11-21- 22)