Kentuckiana Introduces the Governmental Affairs Program
This Spring KREIA Board of Directors started a campaign to connect, like never before, members with local government officials. The goal is three fold. First, the KREIA Board realized it was absolutely imperative to inform and educate local government officials both in the executive and legislative branches of government of its members' real estate investments and the economic impact KREIA and its members have on the local economy. Second, the Board understands that it must build strong relationships with the local officials including Metro Council members and will be unveiling ways to do this in the near future. Third, the Board wants to place an emphasis on advocating and utilizing its membership to advocate for the real estate investment industry in Louisville Metro.
To do this we have brought on Tim Corrigan with the Routunda Group, LLC to be our eyes and ears for the industry. Stay tuned to be informed as we move forward.
See below for the legislative survey.
Click to read the National Article Word Document-Investors are Vital to America
Click here to see how KREIA is working with National REIA to represent the interests of real estate investors at a larger level.
Need to find what district you and/or your properties are in check out www.lojic.org.
Legislative News
KREIA STARTS INFORMING AND CONNECTING MEMBERS
WITH LOCAL GOVERNMENT OFFICIALS
Survey to help determine KREIA members' impact on local economy
In order to accomplish our goals, the first step is obtain pertinent information about the KREIA members' impact on the local economy. The reason for this information is to inform local government officials including Metro Council members of the economic impact of the investments and property taxes of KREIA member properties on the the local economy. Specifically, the Board is asking KREIA members to fill out a survey indicating the real estate owned, operated, and investments made in Louisville Metro by Metro Council District. The more information that can be obtained, the more of an KREIA impact on the local economy can be shown. So, please see attached the following survey form, and come to the next meeting of the KREIA Board with the information filled out. This survey is a totally anonymous survey, and by no mean s will your information be shared. All information will be kept confidential. Also, you may fill out the survey at the next meeting of the KREIA Board on May 22nd. There will be laptop computers there in order for you to fill in the pertinent information.
URGENT!! We need you to fill out the legislative survey. Word Document-Legislative Survey
JULY Update
Kentucky State Government
1. The Kentucky Department of Revenue has set the 2008 State Real Property Tax Rate at 12.2 cents per $100 of assessed value. The rate is based on the revenue generated from the increase in taxable real property assessments from 2007 and 2008. If the increase in revenue is more than 4 percent after the exclusion of new property added to the tax roll during 2008, it is estimated at 6.65 percent, the state rate will decrease from 12.4 to 12.2 cents per $100 of assessed value to limit the increase in revenue to 4 percent. Revenue generated from the state property tax rate will go into the state’s General Fund (Kentucky Department of Revenue).
Louisville Metro Government
1. The Louisville Metro Planning Commission established a Sign Regulation Committee to examine Chapter 8 of the Land Development Code. The committee was established to look at sign code revisions related to issues identified at the sign hearing conducted the spring of last year, written comments received after the hearing and known issues with the code as determined by planning and permitting staff. The first committee meeting has been scheduled for August 11, 2008. The first meeting agenda will primarily include background information for the committee and setting the agenda for future meetings (Louisville Metro Planning Commission).
Sign Regulation Committee Members:
Maggie Harlow – Sign-O-Rama
Greg Williams – Sign 4
Paul Whitty – Scenic KY
Steven Ward – Neighborhood Groups
Darlene Hayden – Neighborhood Groups
Bonnie Loebb – Neighborhood Groups
John Miranda – Business Groups
Kelly Will – Business Groups
John Flood – IPL enforcement
Aziz Ghazipour – IPL permitting
Donnie Blake – Planning Commission
Judy Francis – Board of Zoning
Emergency Management Agency – still waiting assignment
Public Works – still waiting assignment
2. Councilman George Unseld introduced an ordinance that would amend the Louisville/Jefferson County Code of Ordinances relating to streets and sidewalks. The ordinance prevents a commercial driveway from being made in the area of Winkler Avenue crossing Algonquin Parkway at a point of 400 feet to the north/northwest of the northern boundary of Winkler Ave, where Winkler Ave. intersects with Algonquin Parkway. Further, the ordinance prevents an existing private driveway from being converted into a commercial driveway. However, the ordinance was amended in the Planning/Zoning, Land Design and Development Committee to allow for approval of commercial curb cuts by an approving agency only if the curb cuts result in substantial improvements to the parkway. The ordinance is pending before the Planning/Zoning, Land Design and Development Committee (Louisville Metro Council, O-130-07-08).
3. An ordinance proposed by Councilman Tom Owen includes sports arenas in the list of permitted uses in an M-3 Industrial District. The ordinance adopts the findings and the recommendations from the Planning Commission’s public hearing, which was held on June 19th. The ordinance was passed by the Metro Council (Louisville Metro Council, O-127-07-08).
4. Councilman James Peden introduced a resolution directing the planning commission to hold a public hearing and make recommendations on amendments to the Land Development Code relating to the definition of a “dwelling” or “dwelling unit.” The Metro Council has become aware of home owners converting accessory structures, such as a garage, pool house, or storage unit, into sleeping quarters on property zoned as single family residential. The resolution requests the planning commission review the situation and make recommendations to clear up any confusion with the Land Development Code. The resolution was passed by the Metro Council (Louisville Metro Council, R-118-07-08).
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