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82.120 Effect of concurrent urban renewal and redevelopment program.

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82.120 Effect of concurrent urban renewal and redevelopment program. A city may exercise all or any of the powers conferred upon it in KRS 82.105 to 82.180 <br>as incidents to the exercise of its urban renewal and/or urban redevelopment functions <br>authorized and contemplated in and by KRS Chapter 99, or otherwise. In the event a city <br>has elected or may hereafter elect to perform and carry out its permissible urban renewal <br>and/or urban redevelopment functions through, or without the intervention of, an <br>independent corporate agency or instrumentality, such city may lawfully raise funds from <br>any source or sources authorized or permitted by law, and by means thereof acquire such <br>lands in its own name and pay therefor the resale or lease value established as provided in <br>KRS Chapter 99, and thereby redeem and perform obligations and commitments to the <br>United States or others within the meaning, intent and purpose of federal or Kentucky <br>statutes relating to such urban renewal and urban redevelopment programs. History: Created 1962 Ky. Acts ch. 178, sec. 2(4).