Text: HF02397 Text: HF02399 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 403.17, subsection 9, Code 1997, is
1 2 amended to read as follows:
1 3 9. "Economic development area" means an area of a
1 4 municipality designated by the local governing body as
1 5 appropriate for commercial and industrial enterprises, public
1 6 improvements related to housing and residential development,
1 7 or construction of housing and residential development for low
1 8 and moderate income families, including single or multifamily
1 9 housing. If an urban renewal plan for an urban renewal area
1 10 is based upon a finding that the area is an economic
1 11 development area and that no part contains slum or blighted
1 12 conditions, then the division of revenue provided in section
1 13 403.19 and stated in the plan shall be limited to twenty years
1 14 from the calendar year following the calendar year in which
1 15 the city first certifies to the county auditor the amount of
1 16 any loans, advances, indebtedness, or bonds which qualify for
1 17 payment from the division of revenue provided in section
1 18 403.19. Such designated area shall not include land which is
1 19 part of a century farm, unless the owner of the century farm
1 20 agrees to include the century farm in the urban renewal area.
1 21 For the purposes of this subsection, "century farm" means a
1 22 farm in which at least forty acres of such farm have been held
1 23 in continuous ownership by the same family for one hundred
1 24 years or more. "Economic development area" does not include
1 25 real property assessed as agricultural property for purposes
1 26 of property taxation if the agricultural property is located
1 27 within an agricultural area created pursuant to section 352.6.
1 28 If all or a portion of an agricultural area is located within
1 29 an urban renewal area, the governing body of the urban renewal
1 30 area shall amend the urban renewal plan to sever that portion
1 31 of the urban renewal area which contains the agricultural
1 32 area. The plan shall be amended to sever the area without
1 33 regard to when the agricultural area or the urban renewal area
1 34 was established.
1 35 EXPLANATION
2 1 This bill provides that agricultural property located in an
2 2 agricultural area shall not be included in an urban renewal
2 3 area established as an economic development area. The bill
2 4 requires that an urban renewal plan shall be amended to sever
2 5 from an urban renewal area any land located in an agricultural
2 6 area.
2 7 LSB 4134YH 77
2 8 sc/sc/14
Text: HF02397 Text: HF02399 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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