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PAG LIN 1 1 Amend Senate File 2464, as amended, passed, and 1 2 reprinted by the Senate, as follows: 1 3 #1. Page 4, by inserting after line 34 the 1 4 following: 1 5 "Sec. . NEW SECTION. 358C.24 DISCLOSURE OF 1 6 SPECIAL ASSESSMENT. 1 7 The seller of property in a real estate improvement 1 8 district or a person acting on behalf of a seller 1 9 shall disclose the amount of any special assessment 1 10 under this chapter against the property during 1 11 negotiations for the sale of the property." 1 12 #2. Page 12, line 1, by inserting after the word 1 13 "guidelines" the following: ", by limiting the tax 1 14 revenues to be deposited in the special fund from that 1 15 portion of the assessed value defined in section 1 16 403.19, subsection 2, of property assessed as 1 17 residential property, to the tax revenues from any 1 18 levy on the first two hundred thousand dollars of 1 19 improvements to each parcel of such residential 1 20 property. Any value of such property in excess of two 1 21 hundred thousand dollars shall be included in the 1 22 valuation defined in section 403.19, subsection 1,". 1 23 #3. Page 12, line 1, by inserting after the word 1 24 "or" the following: "by providing". 1 25 #4. Page 12, line 7, by striking the words 1 26 "twenty-five" and inserting the following: "ten". 1 27 #5. Page 12, by striking lines 9 through 17 and 1 28 inserting the following: 1 29 "For a municipality with a population of fifteen 1 30 thousand or less, the amount to be provided for low 1 31 and moderate income family housing shall be the same 1 32 as for a municipality of over fifteen thousand in 1 33 population, except that a municipality of fifteen 1 34 thousand or less in population is not subject to the 1 35 requirement to provide not less than an amount equal 1 36 to ten percent of the original project cost for low 1 37 and moderate income family housing." 1 38 #6. Page 13, by inserting after line 26 the 1 39 following: 1 40 "6. A municipality shall not prohibit or restrict 1 41 the construction of manufactured homes in any project 1 42 for which public improvements were finalized under 1 43 this section. As used in this subsection, 1 44 "manufactured home" means the same as under section 1 45 435.1, subsection 2." 1 46 #7. By striking page 13, line 27, through page 19, 1 47 line 2. 1 48 #8. Page 21, by inserting after line 29 the 1 49 following: 1 50 "Sec. . NEW SECTION. 446.19A PURCHASE BY 2 1 COUNTY OR CITY FOR LOW OR MODERATE INCOME HOUSING. 2 2 Notwithstanding section 446.18, a city or county 2 3 may purchase abandoned property assessed as 2 4 residential or commercial multifamily housing which 2 5 did not sell at an annual tax sale under section 446.7 2 6 for the total amount due. Money shall not be paid by 2 7 the county or other tax-levying or tax-certifying body 2 8 for the purchase, but each of the tax-levying and tax- 2 9 certifying bodies having any interest in the taxes 2 10 shall be charged with the total amount due the tax- 2 11 levying or tax-certifying body as its just share of 2 12 the purchase price. Prior to the purchase the city or 2 13 county shall file with the county treasurer a verified 2 14 statement that a parcel to be purchased is abandoned 2 15 and deteriorating in condition or is, or is likely to 2 16 become, a public nuisance, and that the parcel is 2 17 suitable for use for low or moderate income housing 2 18 following rehabilitation. 2 19 The city or county may sell the certificate of 2 20 purchase. Preference shall be given to purchasers who 2 21 are low or moderate income families or organizations 2 22 which assist low and moderate income families to 2 23 obtain housing. For the purpose of this section, "low 2 24 or moderate income families" has the same meaning as 2 25 in section 403.17. All persons who purchase 2 26 certificates under this section shall demonstrate the 2 27 intent to rehabilitate the property for habitation if 2 28 the property is not redeemed. In the alternative, the 2 29 county may, if title to the property has vested in the 2 30 county under section 447.9, dispose of the property in 2 31 accordance with section 331.361." 2 32 #9. By striking page 21, line 35, through page 24, 2 33 line 13, and inserting the following: 2 34 "Sec. . Section 16.100, Code 1995, is amended 2 35 by adding the following new subsection: 2 36 NEW SUBSECTION. 1A. a. Moneys transferred to the 2 37 housing improvement fund pursuant to section 428A.8, 2 38 subsection 1, paragraph "b", shall be distributed, on 2 39 a per capita basis according to the 1990 federal 2 40 census, to each county. 2 41 b. In order to receive moneys under this 2 42 subsection, a county shall be a member of a housing 2 43 council. The housing council shall consist of the 2 44 supervisors of the county and the mayor of each city 2 45 in the county, or their designees. A housing council 2 46 may represent more than one county and the cities 2 47 within each county and may be an entity formed under 2 48 chapter 28E or an entity under chapter 28H. 2 49 c. The function of the housing council shall be to 2 50 coordinate housing programs in the county including 3 1 having housing needs assessments completed if not 3 2 already done, developing or coordinating a housing 3 3 plan approved by the department of economic 3 4 development, encouraging the formation of partnerships 3 5 with other governmental entities and public-private 3 6 partnerships regarding housing, and recommending 3 7 funding for projects under the housing plan from 3 8 moneys received under this subsection. 3 9 d. Moneys received under this subsection shall 3 10 only be used for housing programs which facilitate 3 11 housing development, including housing trust funds or 3 12 programs for the rehabilitation or construction of 3 13 housing. The cost of the housing needs assessment may 3 14 be paid from moneys received under this subsection. 3 15 Moneys not obligated for a project recommended by the 3 16 housing council within one year of transfer shall 3 17 revert to the general fund of the state. 3 18 e. Counties receiving moneys under this subsection 3 19 shall track the use of the funds by project, program, 3 20 or activity and shall provide a report to the 3 21 department of economic development and the Iowa 3 22 finance authority regarding the use of the funds by 3 23 December 15 of each year. 3 24 f. Moneys provided under this subsection shall not 3 25 be used to supplant funding for housing programs 3 26 provided by a city or county. 3 27 g. The authority shall adopt rules to administer 3 28 this subsection. 3 29 Sec. . Section 428A.8, Code 1995, is amended to 3 30 read as follows: 3 31 428A.8 REMITTANCE TO STATE TREASURER – PORTION 3 32 RETAINED IN COUNTY. 3 33 1. On or before the tenth day of each month the 3 34 county recorder shall determine and pay to the 3 35 treasurer of state eighty-two and three-fourths 3 36 percent of the receipts from the real estate transfer 3 37 tax collected during the preceding month and the 3 38 treasurer of state shall depositninety-fivethe 3 39 receipts as follows: 3 40 a. Twenty percent of the receiptsin the general3 41fund of the state and transfer five percent of the3 42receiptsshall be transferred to the Iowa finance 3 43 authority for deposit in the housing improvement fund 3 44 created in section 16.100. 3 45 b. Of the remaining receipts, fifty percent shall 3 46 be deposited in the general fund of the state and 3 47 fifty percent shall be transferred to the Iowa finance 3 48 authority for deposit in the housing improvement fund 3 49 created in section 16.100 for the purposes of section 3 50 16.100, subsection 1A. 4 1 2. The county recorder shall deposit the remaining 4 2 seventeen and one-fourth percent of the receipts in 4 3 the county general fund. 4 4 3. The county recorder shall keep records and make 4 5 reports with respect to the real estate transfer tax 4 6 as the director of revenue and finance prescribes." 4 7 #10. Page 24, by striking lines 33 and 34 and 4 8 inserting the following: 4 9 "1. The board of supervisors of a county with a 4 10 population of less than twenty thousand may adopt an 4 11 ordinance providing that property acquired and 4 12 subdivided for development of". 4 13 #11. Page 25, lines 1 and 2, by striking the words 4 14 "until a" and inserting the following: ". Each lot 4 15 shall continue to be taxed in the manner it was prior 4 16 to its acquisition for housing until the". 4 17 #12. Page 25, by striking lines 7 and 8 and 4 18 inserting the following: 4 19 "2. The board of supervisors of a county with a 4 20 population of twenty thousand or more may adopt an 4 21 ordinance providing that property acquired and 4 22 subdivided for development of". 4 23 #13. Page 25, lines 10 and 11, by striking the 4 24 words "until a" and inserting the following: ". Each 4 25 lot shall continue to be taxed in the manner it was 4 26 prior to its acquisition for housing until the". 4 27 #14. Page 25, by striking lines 17 through 20 and 4 28 inserting the following: 4 29 "DIVISION 101 4 30 Sec. . Section 404.2, subsection 2, paragraph 4 31 f, unnumbered paragraph 1, Code 1995, is amended to 4 32 read as follows: 4 33 A statement specifying whether the revitalization 4 34 is applicable to none, some, or all of the property 4 35 assessed as residential, agricultural, commercial or 4 36 industrial property within the designated area or a 4 37 combination thereof and whether the revitalization is 4 38 for rehabilitation and additions to existing buildings 4 39 or new construction or both. If revitalization is 4 40 made applicable only to some property within an 4 41 assessment classification, the definition of that 4 42 subset of eligible property must be by uniform 4 43 criteria which further some planning objective 4 44 identified in the plan. The city shall state how long 4 45 it is estimated that the area shall remain a 4 46 designated revitalization area which time shall be 4 47 longer than one year from the date of designation and 4 48 shall state any plan by the city to issue revenue 4 49 bonds for revitalization projects within the area. 4 50For a county, a revitalization area shall include only5 1property which will be used as industrial property5 2only.5 3 Sec. . Section 404.2, subsection 6, Code 1995, 5 4 is amended to read as follows: 5 5 6. The city or county has adopted the proposed or 5 6 amended plan for the revitalization area after the 5 7 requisite number of hearings. The city or county may 5 8 subsequently amend this plan after a hearing. Notice 5 9 of the hearing shall be published as provided in 5 10 section 362.3 or 331.305, except that at least seven 5 11 days' notice must be given and the public hearing 5 12 shall not be held earlier than the next regularly 5 13 scheduled city council or board of supervisors meeting 5 14 following the published notice. A city which has 5 15 adopted a plan for a revitalization area which covers 5 16 all property within the city limits may amend that 5 17 plan at any time, pursuant to this section, to include 5 18 property which has been or will be annexed to the 5 19 city. The provisions of the original plan shall be 5 20 applicable to the property which is annexed and the 5 21 property shall be considered to have been part of the 5 22 revitalization area as of the effective date of its 5 23 annexation to the city. 5 24 Sec. . Section 404.5, Code 1995, is amended by 5 25 adding the following new unnumbered paragraph: 5 26 NEW UNNUMBERED PARAGRAPH. For the purposes of this 5 27 section, the actual value of the property upon which 5 28 the value of improvements in the form of 5 29 rehabilitation or additions to existing structures 5 30 shall be determined shall be the lower of either the 5 31 amount listed on the assessment rolls in the 5 32 assessment year in which such improvements are first 5 33 begun or the price paid by the owner if the 5 34 improvements in the form of rehabilitation or 5 35 additions to existing structures were begun within one 5 36 year of the date the property was purchased and the 5 37 sale was a fair and reasonable exchange between a 5 38 willing buyer and a willing seller, neither being 5 39 under any compulsion to buy or sell and each being 5 40 familiar with all the facts relating to the particular 5 41 property. 5 42 Sec. . APPLICABILITY. This amendment in this 5 43 division to section 404.5 applies to tax exemptions 5 44 granted under chapter 404 for improvements to real 5 45 property first begun on or after January 1, 1995. 5 46 DIVISION 102 5 47 Sec. . EFFECTIVE DATES. Divisions I, II, and 5 48 101 of this Act, being deemed of immediate importance, 5 49 take effect upon enactment. Division V of this Act 5 50 takes effect July 1, 1997." 6 1 #15. Title page, line 3, by striking the word 6 2 "date" and inserting the following: "and 6 3 applicability dates". 6 4 #16. By renumbering as necessary. 6 5 SF 2464H 6 6 mk/pk/25
Text: S05737 Text: S05739 Text: S05700 - S05799 Text: S Index Bills and Amendments: General Index Bill History: General Index
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