(A) The Commission for the City of Pikeville may institute eminent domain proceedings pursuant to KRS Chapter 416 against the property which has been certified as blighted or deteriorated by the Commission, if, in addition, the City Commission finds:
(1) That the property has deteriorated to such an extent as to constitute a serious and growing menace to the public health, safety and welfare;
(2) That the property is likely to continue to deteriorate unless corrected;
(3) That the continued deterioration of such property may contribute to the blighting or deterioration of the area immediately surrounding the property; and
(4) That the owner of the property failed to correct the deterioration of the property.
(B) The Commission for the City of Pikeville may acquire by eminent domain pursuant to KRS Chapter 416, any property determined to be blighted or deteriorated pursuant to this subchapter, which has the power to hold, clear, manage, develop or expose of property so acquired for residential and related use pursuant to the provision of this subchapter and KRS Chapter 99.
(Ord. 05-07, passed 4-25-05)