Text: HF02041 Text: HF02043 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 404.2, subsection 2, paragraph f, Code 1 2 1995, is amended to read as follows: 1 3 f. A statement specifying whether the revitalization is 1 4 applicable to none, some, or all of the property assessed as 1 5 residential, agricultural, commercial or industrial property 1 6 within the designated area or a combination thereof and 1 7 whether the revitalization is for rehabilitation and additions 1 8 to existing buildings or new construction or both. If 1 9 revitalization is made applicable only to some property within 1 10 an assessment classification, the definition of that subset of 1 11 eligible property must be by uniform criteria which further 1 12 some planning objective identified in the plan. The city 1 13 shall state how long it is estimated that the area shall 1 14 remain a designated revitalization area which time shall be 1 15 longer than one year from the date of designation and shall 1 16 state any plan by the city to issue revenue bonds for 1 17 revitalization projects within the area. For a county, a 1 18 revitalization area shall include only property which will be 1 19 used as industrial propertyonly, commercial property, 1 20 residential property, or commercial property consisting of 1 21 three or more separate living quarters with at least seventy- 1 22 five percent of the space used for residential purposes. 1 23 For purposes of this chapter, commercial or industrial 1 24 property includes lands and buildings assessed pursuant to 1 25 sections 428.24 through 428.29, except electric power 1 26 generating plants, as defined in section 428.37. 1 27 EXPLANATION 1 28 This bill provides that property which will be used as 1 29 residential or commercial property may be included by a county 1 30 in an urban revitalization area. The bill provides that 1 31 commercial property includes multifamily housing which is 1 32 assessed as commercial property. 1 33 LSB 3334HH 76 1 34 mk/sc/14.1
Text: HF02041 Text: HF02043 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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