Sydney Property Valuation is the process of evaluating full property to get approximate estimation of property’s price. Fiscal Court members have spent much of the past two years looking for sites. They recommended two suburban sites – one in Edgewood and one in Elsmere – but both were dropped because of costs and community opposition. Other sites proposed but rejected were in Independence or Erlanger.
Since then, the Fiscal Court has hired a former Ohio corrections official, David Blodgett, as a consultant to evaluate sites and perform other preliminary work for construction of a new jail. The fate of a new law that could double the retirement pension for state legislators will be decided by the courts.
The state board responsible for implementing the pension increase decided Tuesday to ask the Franklin Circuit Court to determine whether the measure is Sydney Property Valuation constitutional and, if so, how it should be applied. ”We are going to wind up in court eventually one way or another, and I don’t think there is any question that we should get there as soon as possible,” said James Bondurant, a district judge from Larue County and member of the Kentucky Judicial Form Retirement System’s board of trustees.
The board probably will initiate legal proceedings in a couple of weeks to request a declaratory judgment on the meaning of the law, said Joseph E. Lambert, chief justice of the Kentucky Supreme Court and the board chairman. Lambert said the board had no other choice than to turn to the courts for direction.
The agency already has sought advice from three legal experts who provided contradictory interpretations of the measure, a vague, one-paragraph clause contained in another Sydney Property Valuation piece of legislation. ”It seemed to me this was the only rational approach to take,” Lambert said. ”Any other approach would have been imprudent.”
The board’s decision comes on the heels of an opinion by Attorney General Ben Chandler’s office that the measure is unconstitutional. Chandler said last week that legislators knew they would be unable to double their pensions publicly so they tried to keep their actions secret by passing a vague and confusing law.
The measure is so vague that it is impossible to implement, Chandler said. Chandler’s opinion does not carry the force of law. His office said Tuesday he might request permission to intervene in the court case. Legislators approved the pension increase in the final days of the 2000 General Assembly.
The increase was buried deep in a bill that creates a medical savings plan for judicial and legislative retirees who live outside Kentucky and cannot take advantage of ordinary health-care plans. The bill was changed late in the session to include a provision intended to add an annual cost-of-living raise to legislative pensions, retroactive to 1982. Sydney Property Valuation indicates you to do investment or not in real estate field.
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