Text: SF00406 Text: SF00408 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 364.7, Code 1997, is amended to read as 1 2 follows: 1 3 364.7 DISPOSAL OF PROPERTY. 1 4 1. A citymayshall not dispose of an interest in real 1 5 property by sale, lease for a term of more than three years, 1 6 or gift, except in accordance with the following procedure: 1 71.a. The council shall set forth its proposal in a 1 8 resolution and shall publish notice as provided in section 1 9 362.3, of the resolution and of a date, time and place of a 1 10 public hearing on the proposal. 1 112.b. After the public hearing, the council may make a 1 12 final determination on the proposal by resolution. 1 133.c. A citymayshall not dispose of real property by 1 14 gift except to a governmental body for a public purpose. 1 15 However, a city may dispose of real property for use in an 1 16 Iowa homesteading program under section 16.14 for a nominal 1 17 consideration, including but not limited to property in an 1 18 urban renewal area. 1 19 2. Transfer of title by a city of a parcel acquired by tax 1 20 deed shall comply with this subsection. 1 21 a. When title to a parcel acquired by tax deed is 1 22 transferred, the auditor shall immediately record the deed and 1 23 the assessor shall enter on the tax list the parcel to be 1 24 assessed following the assessment date. 1 25 b. A parcel the city holds by tax deed shall not be 1 26 assessed or taxed until transferred. 1 27 c. The transfer by a city of a parcel acquired by tax deed 1 28 gives the purchaser free title as to previously levied taxes. 1 29 d. The proceeds of the sale shall be credited to the 1 30 general fund of the city. 1 31 e. If the amount in paragraph "d" after deduction of all 1 32 other costs incurred is not sufficient to pay the cost 1 33 incurred by the city for repairs and rehabilitation work 1 34 required and undertaken in order to make the parcel meet 1 35 applicable building or housing code standards, tax collections 2 1 on the property, once it returns to the property tax rolls, 2 2 shall not be distributed to the other tax certifying bodies of 2 3 the taxing districts in which the parcel is located, but shall 2 4 be deposited in the general fund of the city until such costs 2 5 are reimbursed. 2 6 Sec. 2. Section 569.8, Code 1997, is amended by adding the 2 7 following new subsection: 2 8 NEW SUBSECTION. 6. If the amount in subsection 5 after 2 9 deduction of all other costs incurred is not sufficient to pay 2 10 the cost incurred by the county for repairs and rehabilitation 2 11 work required and undertaken in order to make the parcel meet 2 12 applicable building or housing code standards, tax collections 2 13 on the property, once it returns to the tax rolls, shall not 2 14 be distributed to the other tax certifying bodies of the 2 15 taxing districts in which the parcel is located, but shall be 2 16 deposited in the general fund of the county until such costs 2 17 are reimbursed. 2 18 EXPLANATION 2 19 This bill provides that when a parcel acquired by tax deed 2 20 by a city or county is transferred and placed back on the tax 2 21 rolls, the tax collections shall not be distributed to the 2 22 other tax-certifying bodies until the costs incurred for 2 23 repair and rehabilitation of the parcel are reimbursed to the 2 24 city or county. 2 25 LSB 2256SS 77 2 26 sc/cf/24
Text: SF00406 Text: SF00408 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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