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PAG LIN 1 1 Section 1. Section 403.5, subsection 2, unnumbered 1 2 paragraph 2, Code 1997, is amended to read as follows: 1 3 Prior to its approval of an urban renewal plan which 1 4 provides for a division of revenue pursuant to section 403.19, 1 5 the municipality shall mail the proposed plan by regular mail 1 6 to the affected taxing entities. The municipality shall 1 7 include with the proposed plan notification of a consultation 1 8 to be held between the municipality and affected taxing 1 9 entities prior to the public hearing on the urban renewal 1 10 plan. Each affected taxing entity may appoint a 1 11 representative to attend the consultation. The consultation 1 12mayshall include a discussion of the estimated growth in 1 13 valuation of taxable property included in the proposed urban 1 14 renewal area, the fiscal impact of the division of revenue on 1 15 the affected taxing entities, the estimated impact on the 1 16 provision of services by each of the affected taxing entities 1 17 in the proposed urban renewal area,andthe duration of any 1 18 bond issuance included in the plan, and the demonstrated need 1 19 of businesses within the area for financial or development 1 20 assistance. The designated representative of the affected 1 21 taxing entity may make written recommendations for 1 22 modification to the proposed division of revenue no later than 1 23 seven days following the date of the consultation. The 1 24 representative of the municipality shall, no later than seven 1 25 days prior to the public hearing on the urban renewal plan, 1 26 submit a written response to the affected taxing entity 1 27 addressing the recommendations for modification to the 1 28 proposed division of revenue. 1 29 Sec. 2. Section 403.5, Code 1997, is amended by adding the 1 30 following new subsection: 1 31 NEW SUBSECTION. 4A. Notwithstanding subsection 4, if 1 32 within twenty-eight days of the date of the public hearing, a 1 33 petition is filed in the office of the city clerk or county 1 34 auditor in the manner provided in section 331.306 or 362.4, as 1 35 applicable, asking that the question of approval of the plan 2 1 be submitted to the registered voters of the municipality, the 2 2 governing body of the municipality shall by resolution declare 2 3 the proposal to approve the plan abandoned, or shall direct 2 4 the county commissioner of elections to call a special 2 5 election upon the question of approval of the plan. Notice of 2 6 the election shall be given by publication as specified in 2 7 section 331.305 or 362.3, as applicable. At the election the 2 8 ballot used for the submission of the proposition shall be in 2 9 substantially the form for submitting special questions at 2 10 general elections. The plan is approved if a majority of 2 11 those voting approves the plan. 2 12 Sec. 3. Section 404.2, subsection 2, Code 1997, is amended 2 13 by adding the following new lettered paragraph: 2 14 NEW PARAGRAPH. k. An estimate of the growth, due to 2 15 improvements, in assessed valuation of property included in 2 16 the designated revitalization area and a statement of the 2 17 estimated fiscal impact on affected taxing entities of 2 18 exemption from taxation of the value of such improvements for 2 19 the life of the exemption schedule specified in the plan. The 2 20 fiscal impact statement shall include the estimated impact on 2 21 the provision of services by each of the affected taxing 2 22 entities in the designated revitalization area. 2 23 Sec. 4. Section 404.2, Code 1997, is amended by adding the 2 24 following new subsection: 2 25 NEW SUBSECTION. 7. Notwithstanding subsection 6, if 2 26 within twenty-eight days of the date of the last public 2 27 hearing required to be held pursuant to subsections 3, 4, and 2 28 5, a petition is filed in the office of the city clerk or 2 29 county auditor in the manner provided in section 331.306 or 2 30 362.4, as applicable, asking that the question of approval of 2 31 the plan be submitted to the registered voters of the 2 32 municipality, the governing body of the municipality shall by 2 33 resolution declare the proposal to approve the plan abandoned, 2 34 or shall direct the county commissioner of elections to call a 2 35 special election upon the question of approval of the plan. 3 1 Notice of the election shall be given by publication as 3 2 specified in section 331.305 or 362.3, as applicable. At the 3 3 election the ballot used for the submission of the proposition 3 4 shall be in substantially the form for submitting special 3 5 questions at general elections. The plan is approved if a 3 6 majority of those voting approves the plan. 3 7 Sec. 5. Section 404.4, unnumbered paragraph 2, Code 1997, 3 8 is amended to read as follows: 3 9 An application shall be filed for each new exemption 3 10 claimed. The first application for an exemption shall be 3 11 filed by the owner of the property with the governing body of 3 12 the city or county in which the property is located by 3 13 February 1 of the assessment year for which the exemption is 3 14 first claimed, but not later than the year in which all 3 15 improvements included in the project are first assessed for 3 16 taxation, unless, upon the request of the owner at any time, 3 17 the governing body of the city or county provides by 3 18 resolution that the owner may file an application by February 3 19 1 of any other assessment year selected by the governing body. 3 20 The application shall contain, but not be limited to, the 3 21 following information: The nature of the improvement, its 3 22 cost, the estimated or actual date of completion, the tenants 3 23 that occupied the owner's building on the date the city or 3 24 county adopted the resolution referred to in section 404.2, 3 25 subsection 1, and which exemption in section 404.3 or in the 3 26 different schedule, if one has been adopted, will be elected. 3 27 If the improvements for which an exemption is applied for are 3 28 to property assessed as commercial or industrial property, the 3 29 application shall include a statement of the applicant 3 30 demonstrating the need of the applicant for financial or 3 31 development assistance. 3 32 EXPLANATION 3 33 This bill amends several Code provisions relating to urban 3 34 renewal and urban revitalization plans and their approval. 3 35 The bill provides that the required consultation on a 4 1 proposed urban renewal plan shall include information on the 4 2 growth in taxable valuation of property in the urban renewal 4 3 area and the fiscal impact on affected taxing entities. The 4 4 bill provides that the same information be included in the 4 5 proposed plan for a designated urban revitalization area. 4 6 The bill also provides that a consultation on the proposed 4 7 plan include information on the demonstrated need of 4 8 businesses for the urban renewal financing. The bill requires 4 9 that this information be included in the application for 4 10 exemption under an urban revitalization plan. 4 11 Finally, the bill requires that before an urban renewal 4 12 plan or urban revitalization plan is approved by the 4 13 applicable governing body, the voters of the city or county 4 14 may petition that the question of approving the proposed plan 4 15 be submitted to the voters at a special election. 4 16 LSB 2166SS 77 4 17 sc/jj/8
Text: SF00523 Text: SF00525 Text: SF00500 - SF00599 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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