The intent of the Pikeville Downtown and Hotel/Restaurant Economic Incentives Program (hereinafter referred to as the “Program”) is to provide financial incentives and assistance to aid in the creation and retention of jobs and businesses in the city, to preserve the historic built environment of the downtown area, to help to create a vibrant, walkable downtown, attract hotels and restaurants to the City to support tourism and other organizations that would benefit from such businesses. It is the goal of the Program to be provide a broad range of incentives to various economic actors including property owners, new businesses, and existing businesses. Those incentives outlined in § 124.05 are limited to the Downtown as defined below. Hotel and restaurant incentives are outlined in §§ 124.06 and 124.07, respectively.
(Ord. O-2019-07, passed 3-11-19; Am. Ord. O-2022-21, passed 11-28-22)