The Program Administrator shall review each petition and all associated materials supplied therewith to determine if the petition complies with this subchapter and all other applicable rules and regulations of the Commonwealth and the county.
(A) As enumerated in the program financing and assessment agreement, the Program Administrator shall ensure the assessment is imposed and a statement as to the assessment payment due is included with the tax bill for the real property, in accordance with KRS 65.207(4)(a).
(B) Any assessment shall, together with any collection fees, accrued interest and penalties, constitute a first and prior lien against the real property on which the assessment is imposed from the date on which the notice of assessment is recorded until no assessment payments remain unpaid and the lien shall have the same priority as a lien for any other state or local ad valorem tax upon the project property.
(C) Any unpaid assessment payment shall bear the same interest rate and penalty as other delinquent taxes included in the tax bill.
(D) To offset the cost of administering the program, including the cost of collection of assessment payments, in accordance with KRS 65.206(2)(c)2. fees may be imposed in amounts to be set forth in a program financing and assessment agreement, to be collected as a part of the assessment payment; provided that such fee shall not exceed the cost of the services performed.
(E) The Program Administrator shall ensure that the assessment payments collected annually are paid to the county or the finance lender in accordance project financing agreement.
(Ord. 950.89, passed 7-14-20)