(A) The City Clerk shall impose the tax provided for in KRS 92.305, as may be levied from time to time in conformity with statute by the City Council, on any property which has been certified as abandoned urban property.
(B) The City Council may institute eminent domain proceedings pursuant to applicable state law against any property which has been certified as abandoned urban property or blighted property or deteriorated property if, in addition to the determinations set forth in this section, the City Council finds:
(1) Such property has deteriorated to such an extent as to constitute a serious and growing menace to the public health, safety, and welfare;
(2) Such property is likely to continue to deteriorate unless corrected;
(3) The continued deterioration of such 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.
(C) The city may acquire by eminent domain, pursuant to KRS Chapter 416, any property determined to be abandoned urban property or blighted property or deteriorated property pursuant to this subchapter, and shall have the power to hold, clear, manage, develop, or dispose of property so acquired, for residential and related use pursuant to the provisions of this subchapter and KRS Chapters 92 and 99.
(Ord. 150.20, passed 2-14-2005)