An Ordinance re-establishing and continuing, pursuant to KRS 91.750, et seq., the “Downtown Lexington Management District”, previously created and established pursuant to Ordinance No. 52-2015 and previously re-established pursuant to Ordinance No. 32-2020, and providing for its boundaries; a fifteen member board, the requirements and appointing process for board members, and their term limits; the powers of the board; a fiscal year commencing on July 1st, the undertaking of economic improvements by the board; a Budget and audit process; an affirmative action plan; public information; an assessment not to exceed $.10 of $100 of the assessed property value for each assessed property within the district; a contesting and appeal process; liens; an annual report to property owners; ethical requirements on board members; termination of the District on July 1, 2035 unless re-established by the Urban County Council in accordance with state statute; board guidelines; Contracting requirements; management, marketing, and administration; reporting requirements; an advisory Council to the Board; severability; all effective upon date of passage. [Mayor's Office, Atkins]

Ordinance Approved Introduced April 11, 2025

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