Text: SF02433 Text: SF02435 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 403.5, subsection 5, Code Supplement
1 2 1999, is amended by adding the following new unnumbered
1 3 paragraph:
1 4 NEW UNNUMBERED PARAGRAPH. If an urban renewal plan is
1 5 amended and the amendment to the plan provides for the
1 6 addition of territory to the urban renewal area, the
1 7 assessment year established for the territory for purposes of
1 8 dividing revenue under section 403.19 shall be that determined
1 9 pursuant to section 403.19, subsection 7.
1 10 Sec. 2. Section 403.5, Code Supplement 1999, is amended by
1 11 adding the following new subsection:
1 12 NEW SUBSECTION. 8. The urban renewal area covered by the
1 13 plan shall be composed of contiguous territory as compact as
1 14 practicable. Parcels included in an urban renewal area may
1 15 share a boundary with a waterway or with the right-of-way of a
1 16 primary highway, secondary road, or street, but such waterway,
1 17 highway, road, or street shall not be included solely as a
1 18 means of connecting two or more noncontiguous parcels.
1 19 Sec. 3. Section 403.19, Code 1999, is amended by adding
1 20 the following new subsection:
1 21 NEW SUBSECTION. 7. If an urban renewal plan is amended
1 22 and the amendment to the plan provides for the addition of
1 23 territory to the urban renewal area, the assessment year for
1 24 the territory added to the urban renewal area, for purposes of
1 25 dividing revenue under this section, shall be established as
1 26 the assessment year beginning January 1 of the calendar year
1 27 preceding the calendar year in which the municipality adopted
1 28 the amendment to the plan.
1 29 Sec. 4. APPLICABILITY. Section 2 of this Act applies to
1 30 urban renewal areas established on or after the effective date
1 31 of this Act. Sections 1 and 3 of this Act apply to urban
1 32 renewal plans establishing urban renewal areas, which plans
1 33 were adopted before, on, or after the effective date of this
1 34 Act.
1 35 EXPLANATION
2 1 This bill provides that if a municipality amends an urban
2 2 renewal plan to add territory to an urban renewal area the
2 3 base year for purposes of creating incremental valuation in
2 4 the amended territory shall be the year prior to the year the
2 5 amendment to the plan was adopted. This portion of the bill
2 6 applies to urban renewal plans adopted before, on, or after
2 7 the effective date of the bill.
2 8 The bill also requires that an urban renewal area be
2 9 composed of contiguous territory and be compact in size.
2 10 Parcels in an urban renewal area may border on a waterway or
2 11 on the right-of-way of a highway, road, or street but the
2 12 waterway, highway, road, or street cannot be used solely to
2 13 connect two noncontiguous parcels. This portion of the bill
2 14 applies to urban renewal areas established on or after the
2 15 effective date of the bill.
2 16 LSB 5148SV 78
2 17 sc/cls/14
Text: SF02433 Text: SF02435 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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