(A) The city may acquire by eminent domain, pursuant to KRS Chapter 416, any property determined to be blighted or deteriorated pursuant to the provisions of this subchapter. The city shall have the power to hold, clear, manage, or dispose of the property so acquired for residential and related use, pursuant to KRS 99.705 to 99.730.
(B) The City Council may institute eminent domain proceedings pursuant to KRS Chapter 416 against any property which has been certified as blighted or deteriorated by the Commission if it finds:
(1) The property has deteriorated to such an extent as to constitute a serious and growing menace to the public health, safety and welfare;
(2) The property is likely to continue to deteriorate unless corrected;
(3) The continued deterioration of the property may contribute to the blighting or deterioration of the area immediately surrounding the property; and
(4) The owner of such property has failed to correct the deterioration of the property.
(Ord. 25:94, passed 11-14-94)