Text: H01456                            Text: H01458
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House Amendment 1457

Amendment Text

PAG LIN
  1  1    Amend House File 686 as follows:
  1  2    #1.  By striking everything after the enacting
  1  3 clause and inserting the following:
  1  4    "Section 1.  Section 257.3, subsection 1, Code
  1  5 2003, is amended by adding the following new
  1  6 unnumbered paragraph:
  1  7    NEW UNNUMBERED PARAGRAPH.  For fiscal years
  1  8 beginning on or after July 1, 2004, foundation
  1  9 property taxes paid to a municipality pursuant to
  1 10 section 403.19, subsections 2 and 8, shall be regarded
  1 11 as foundation property taxes collected by the school
  1 12 district for purposes of this section.
  1 13    Sec. 2.  Section 403.5, subsection 4, paragraph b,
  1 14 subparagraph (1), subparagraph subdivision (b), Code
  1 15 2003, is amended to read as follows:
  1 16    (b)  That conditions of slum or blight in the
  1 17 municipality and the shortage of decent, safe and
  1 18 sanitary housing cause or contribute to an increase in
  1 19 and spread of disease and crime, so as to constitute a
  1 20 menace to the public health, safety, morals, or
  1 21 welfare.
  1 22    Sec. 3.  Section 403.5, subsections 5 and 6, Code
  1 23 2003, are amended to read as follows:
  1 24    5.  An urban renewal plan may be modified amended
  1 25 at any time:  Provided, that if modified amended after
  1 26 the lease or sale by the municipality of real property
  1 27 in the urban renewal project area, such modification
  1 28 amendment may be conditioned upon such approval of the
  1 29 owner, lessee, or successor in interest as the
  1 30 municipality may deem advisable, and in any event such
  1 31 modification amendment shall be subject to such rights
  1 32 at law or in equity as a lessee or purchaser, or a
  1 33 lessee's or purchaser's successor or successors in
  1 34 interest, may be entitled to assert.  The An urban
  1 35 renewal project may be added to an urban renewal plan
  1 36 only by an amendment to the plan.  Territory may be
  1 37 added to, or severed from, an urban renewal area only
  1 38 by an amendment to the urban renewal plan.  When
  1 39 amending an urban renewal plan, the municipality shall
  1 40 comply with the notification and consultation process
  1 41 provided in this section prior to the approval of any
  1 42 amendment or modification to an adopted urban renewal
  1 43 plan if such amendment or modification provides for
  1 44 refunding bonds or refinancing resulting in an
  1 45 increase in debt service or provides for the issuance
  1 46 of bonds or other indebtedness, to be funded primarily
  1 47 in the manner provided in section 403.19, or if such
  1 48 amendment proposes to add a project to an urban
  1 49 renewal plan or proposes to add territory to an urban
  1 50 renewal area or proposes to sever territory from an
  2  1 urban renewal area.
  2  2    If a city proposes an amendment to an urban renewal
  2  3 plan to sever territory from an urban renewal area,
  2  4 each county where the territory to be severed is
  2  5 located must, within thirty days of the conclusion of
  2  6 the consultation process, adopt a resolution approving
  2  7 or rejecting the proposed amendment.  If a resolution
  2  8 approving the proposed amendment to an urban renewal
  2  9 plan is received from each county where the territory
  2 10 to be severed is located, or if the board of
  2 11 supervisors of each county where the territory to be
  2 12 severed is located takes no action within the thirty-
  2 13 day time period, the governing body of the city may
  2 14 proceed with the proposed amendment.  If one or more
  2 15 resolutions rejecting the proposed amendment to sever
  2 16 the territory is received, the governing body of the
  2 17 city shall not proceed with the proposed amendment to
  2 18 the urban renewal plan.
  2 19    If an urban renewal plan is amended and the
  2 20 amendment to the plan provides for the addition of
  2 21 territory to the urban renewal area, the assessment
  2 22 year established for the territory added for purposes
  2 23 of dividing revenue under section 403.19 shall be the
  2 24 assessment year determined pursuant to section 403.19,
  2 25 subsection 10.
  2 26    6.  Upon the approval by a municipality of an urban
  2 27 renewal plan or of any modification thereof amendment
  2 28 to an urban renewal plan, such plan or modification
  2 29 amendment shall be deemed to be in full force and
  2 30 effect for the respective urban renewal area, and the
  2 31 municipality may then cause such plan or modification
  2 32 amendment to be carried out in accordance with its
  2 33 terms.
  2 34    Sec. 4.  Section 403.5, Code 2003, is amended by
  2 35 adding the following new subsection:
  2 36    NEW SUBSECTION.  8.  The designation of an urban
  2 37 renewal area pursuant to this section shall be limited
  2 38 in duration to twenty years counting from July 1 of
  2 39 the first fiscal year in which the municipality
  2 40 receives moneys from a division of revenue pursuant to
  2 41 section 403.19.  However, the duration of an urban
  2 42 renewal area established before July 1, 2003, shall be
  2 43 limited to twenty years counting from July 1 of the
  2 44 first fiscal year in which the municipality received
  2 45 moneys from a division of revenue pursuant to section
  2 46 403.19, or shall end June 30 of the fiscal year in
  2 47 which the amount of loans, advances, indebtedness, or
  2 48 bonds due and owing on the effective date of this Act
  2 49 is paid, whichever is later.  Indebtedness incurred
  2 50 after the effective date of this Act to refund bonds
  3  1 issued prior to the effective date of this Act shall
  3  2 not be considered loans, advances, indebtedness, or
  3  3 bonds due and owing on the effective date of this Act.
  3  4 An amendment to an urban renewal plan shall not result
  3  5 in an extension of the durational limitation imposed
  3  6 in this subsection.
  3  7    Sec. 5.  Section 403.6, subsection 6, paragraph b,
  3  8 Code 2003, is amended to read as follows:
  3  9    b.  Urban renewal plans adopted, or amended,
  3 10 pursuant to the requirements of section 403.5;
  3 11    Sec. 6.  Section 403.6, subsection 12, Code 2003,
  3 12 is amended to read as follows:
  3 13    12.  To approve and amend urban renewal plans,
  3 14 subject to the requirements of section 403.5.
  3 15    Sec. 7.  Section 403.15, subsection 2, Code 2003,
  3 16 is amended to read as follows:
  3 17    2.  If the urban renewal agency is authorized to
  3 18 transact business and exercise powers pursuant to this
  3 19 chapter, the mayor or chairperson of the board, as
  3 20 applicable, by and with the advice and consent of the
  3 21 local governing body, shall appoint four members of a
  3 22 board of commissioners of the urban renewal agency,
  3 23 which board shall consist of five seven commissioners.
  3 24 In cities having a population of more than one hundred
  3 25 thousand, the city council may establish, by
  3 26 ordinance, the number of commissioners at not less
  3 27 than five.  The affected taxing entities, other than
  3 28 the municipality that has approved the urban renewal
  3 29 plan, shall appoint three members of the board of
  3 30 commissioners of the urban renewal agency.  The term
  3 31 of office of each such commissioner shall be one year.
  3 32    Sec. 8.  Section 403.17, subsection 10, Code 2003,
  3 33 is amended to read as follows:
  3 34    10.  "Economic development area" means an area of a
  3 35 municipality designated by the local governing body as
  3 36 appropriate for commercial and industrial enterprises,
  3 37 or public improvements related to housing and
  3 38 residential development, or construction of housing
  3 39 and residential development for low and moderate
  3 40 income families, including single or multifamily
  3 41 housing.  If an urban renewal plan for an urban
  3 42 renewal area is based upon a finding that the area is
  3 43 an economic development area and that no part contains
  3 44 slum or blighted conditions, then the division of
  3 45 revenue provided in section 403.19 and stated in the
  3 46 plan shall be limited to twenty years from the
  3 47 calendar year following the calendar year in which the
  3 48 municipality first certifies to the county auditor the
  3 49 amount of any loans, advances, indebtedness, or bonds
  3 50 which qualify for payment from the division of revenue
  4  1 provided in section 403.19.  Such designated area
  4  2 shall not include agricultural land, including land
  4  3 which is part of a century farm, unless the owner of
  4  4 the agricultural land or century farm agrees to
  4  5 include the agricultural land or century farm in the
  4  6 urban renewal area.  For the purposes of this
  4  7 subsection, "century farm" means a farm in which at
  4  8 least forty acres of such farm have been held in
  4  9 continuous ownership by the same family for one
  4 10 hundred years or more.
  4 11    Sec. 9.  Section 403.17, Code 2003, is amended by
  4 12 adding the following new subsection:
  4 13    NEW SUBSECTION.  12A.  "Indebtedness" includes, but
  4 14 is not limited to, a written agreement to suspend,
  4 15 abate, exempt, rebate, refund, or reimburse property
  4 16 taxes or to provide a grant for property taxes paid.
  4 17    Sec. 10.  Section 403.19, subsection 1, paragraphs
  4 18 a and b, Code 2003, are amended to read as follows:
  4 19    a.  Unless otherwise provided in this section, that
  4 20 portion of the taxes which would be produced by the
  4 21 rate at which the tax is levied each year by or for
  4 22 each of the taxing districts upon the total sum of the
  4 23 assessed taxable value of the taxable property in the
  4 24 urban renewal area, as shown on the assessment roll as
  4 25 of January 1 of the calendar year preceding the first
  4 26 calendar year in which the municipality certifies to
  4 27 the county auditor the amount of loans, advances,
  4 28 indebtedness, or bonds payable from the division of
  4 29 property tax revenue, or on the assessment roll last
  4 30 equalized prior to the date of initial adoption of the
  4 31 urban renewal plan if the plan was adopted prior to
  4 32 July 1, 1972, shall be allocated to and when collected
  4 33 be paid into the fund for the respective taxing
  4 34 district as taxes by or for the taxing district into
  4 35 which all other property taxes are paid.  However, the
  4 36 municipality may choose to divide that portion of the
  4 37 taxes which would be produced by levying the
  4 38 municipality's portion of the total tax rate levied by
  4 39 or for the municipality upon the total sum of the
  4 40 assessed taxable value of the taxable property in the
  4 41 urban renewal area, as shown on the assessment roll as
  4 42 of January 1 of the calendar year preceding the
  4 43 effective date of the ordinance and if the
  4 44 municipality so chooses, an affected taxing entity may
  4 45 allow a municipality to divide that portion of the
  4 46 taxes which would be produced by levying the affected
  4 47 taxing district's portion of the total tax rate levied
  4 48 by or for the affected taxing entity upon the total
  4 49 sum of the assessed taxable value of the taxable
  4 50 property in the urban renewal area, as shown on the
  5  1 assessment roll as of January 1 of the calendar year
  5  2 preceding the effective date of the ordinance.  This
  5  3 choice to divide a portion of the taxes shall not be
  5  4 construed to change the effective date of the division
  5  5 of property tax revenue with respect to an urban
  5  6 renewal plan in existence on July 1, 1994.
  5  7    b.  For the purpose of allocating taxes levied by
  5  8 or for any taxing district which did not include the
  5  9 territory in an urban renewal area on the effective
  5 10 date of the ordinance or initial adoption of the plan,
  5 11 but to which the territory has been annexed or
  5 12 otherwise included after the effective date, the
  5 13 assessment roll applicable to property in the annexed
  5 14 territory as of January 1 of the calendar year
  5 15 preceding the effective date of the ordinance, which
  5 16 amends the plan to include the annexed area, shall be
  5 17 used in determining the assessed taxable valuation of
  5 18 the taxable property in the annexed area.
  5 19    Sec. 11.  Section 403.19, subsection 2, Code 2003,
  5 20 is amended to read as follows:
  5 21    2.  That portion of the taxes each year in excess
  5 22 of such amount shall be allocated to and when
  5 23 collected be paid into a special fund of the
  5 24 municipality to pay the principal of and interest on
  5 25 loans, moneys advanced to, or indebtedness, whether
  5 26 funded, refunded, assumed, or otherwise, including
  5 27 bonds issued under the authority of section 403.9,
  5 28 subsection 1, incurred by the municipality to finance
  5 29 or refinance, in whole or in part, an urban renewal
  5 30 project within the area, and to provide assistance for
  5 31 low and moderate income family housing as provided in
  5 32 section 403.22, except that.  However, taxes for the
  5 33 regular and voter-approved physical plant and
  5 34 equipment levy of a school district imposed pursuant
  5 35 to section 298.2, and taxes for the payment of bonds
  5 36 and interest of each taxing district must, and for
  5 37 fiscal years beginning on or after July 1, 2004, the
  5 38 foundation property tax imposed pursuant to section
  5 39 257.3, subsection 1, unless the board of directors of
  5 40 the school district by resolution adopted pursuant to
  5 41 subsection 8 directs that the foundation property tax
  5 42 be paid to the municipality or unless the municipality
  5 43 provides the certification required under subsection
  5 44 9, shall be collected against all taxable property
  5 45 within the taxing district without limitation by the
  5 46 provisions of this subsection.  However In addition,
  5 47 all or a portion of the taxes for the physical plant
  5 48 and equipment levy shall be paid by the school
  5 49 district to the municipality if the auditor certifies
  5 50 to the school district by July 1 the amount of such
  6  1 levy that is necessary to pay the principal and
  6  2 interest on bonds issued by the municipality to
  6  3 finance an urban renewal project, which bonds were
  6  4 issued before July 1, 2001.  Indebtedness incurred to
  6  5 refund bonds issued prior to July 1, 2001, shall not
  6  6 be included in the certification.  Such school
  6  7 district shall pay over the amount certified by
  6  8 November 1 and May 1 of the fiscal year following
  6  9 certification to the school district subsection 7
  6 10 applies.
  6 11    PARAGRAPH DIVIDED.  Unless and until the total
  6 12 assessed taxable valuation of the taxable property in
  6 13 an urban renewal area exceeds the total assessed
  6 14 taxable value of the taxable property in such area as
  6 15 shown by the last equalized assessment roll referred
  6 16 to in subsection 1, all of the taxes levied and
  6 17 collected upon the taxable property in the urban
  6 18 renewal area shall be paid into the funds for the
  6 19 respective taxing districts as taxes by or for the
  6 20 taxing districts in the same manner as all other
  6 21 property taxes.  When such loans, advances,
  6 22 indebtedness, and bonds, if any, and interest thereon,
  6 23 have been paid, all moneys thereafter received from
  6 24 taxes upon the taxable property in such urban renewal
  6 25 area shall be paid into the funds for the respective
  6 26 taxing districts in the same manner as taxes on all
  6 27 other property.
  6 28    Sec. 12.  Section 403.19, subsection 5, Code 2003,
  6 29 is amended to read as follows:
  6 30    5.  A municipality shall certify to the county
  6 31 auditor on or before December 1 of each year the
  6 32 amount of loans, advances, indebtedness, or bonds
  6 33 which qualify for payment during the fiscal year
  6 34 beginning in the following calendar year from the
  6 35 special fund referred to in subsection 2, and the
  6 36 filing of the certificate shall make it a duty of the
  6 37 auditor to provide for the division of taxes in each
  6 38 subsequent the amount certified for the fiscal year
  6 39 until the amount of the loans, advances, indebtedness,
  6 40 or bonds is paid to the special fund beginning in the
  6 41 following calendar year.  The municipality shall
  6 42 include in the certification a schedule of the total
  6 43 amount of loans, advances, indebtedness, or bonds for
  6 44 which taxes mentioned in subsection 2 will be
  6 45 allocated and a schedule of payments for such amounts.
  6 46 In any year, the county auditor shall, upon receipt of
  6 47 a certified request from a municipality filed on or
  6 48 before December 1, increase the amount to be allocated
  6 49 under subsection 1 in order to reduce the amount to be
  6 50 allocated in the following fiscal year to the special
  7  1 fund, to the extent that the municipality does not
  7  2 request allocation to the special fund of the full
  7  3 portion of taxes which could be collected.  Upon
  7  4 receipt of a certificate from a municipality, the
  7  5 auditor shall mail a copy of the certificate to each
  7  6 affected taxing district.
  7  7    Sec. 13.  Section 403.19, subsection 7, Code 2003,
  7  8 is amended to read as follows:
  7  9    7.  For any fiscal year, a municipality may certify
  7 10 to the county auditor for physical plant and equipment
  7 11 revenue necessary for payment of principal and
  7 12 interest on bonds issued prior to July 1, 2001, only
  7 13 if the municipality certified for such revenue for the
  7 14 fiscal year beginning July 1, 2000.  A municipality
  7 15 shall not certify to the county auditor for a school
  7 16 district more than the amount the municipality
  7 17 certified for the fiscal year beginning July 1, 2000.
  7 18 If for any fiscal year a municipality fails to certify
  7 19 to the county auditor for a school district by July 1
  7 20 the amount of physical plant and equipment revenue
  7 21 necessary for payment of principal and interest on
  7 22 such bonds, as provided in subsection 2, the school
  7 23 district is not required to pay over the revenue to
  7 24 the municipality.  The county auditor shall
  7 25 immediately certify to the school district the amount
  7 26 of such levy that is necessary to pay the principal
  7 27 and interest on bonds issued by the municipality to
  7 28 finance an urban renewal project, which bonds were
  7 29 issued prior to July 1, 2001.  Indebtedness incurred
  7 30 to refund bonds issued prior to July 1, 2001, shall
  7 31 not be included in the certification.  Such school
  7 32 district shall pay over the amount certified by
  7 33 November 1 and May 1 of the fiscal year following
  7 34 certification to the school district.
  7 35    PARAGRAPH DIVIDED.  If a school district and a
  7 36 municipality are unable to agree on the amount of
  7 37 physical plant and equipment revenue certified by the
  7 38 municipality for the fiscal year beginning July 1,
  7 39 2001, either party may request that the state appeal
  7 40 board review and finally pass upon the amount that may
  7 41 be certified.  Such appeals must be presented in
  7 42 writing to the state appeal board no later than July
  7 43 31 following certification.  The burden shall be on
  7 44 the municipality to prove that the physical plant and
  7 45 equipment levy revenue is necessary to pay principal
  7 46 and interest on bonds issued prior to July 1, 2001.  A
  7 47 final decision must be issued by the state appeal
  7 48 board no later than the following October 1.
  7 49    Sec. 14.  Section 403.19, Code 2003, is amended by
  7 50 adding the following new subsections:
  8  1    NEW SUBSECTION.  8.  For fiscal years beginning on
  8  2 or after July 1, 2004, the board of directors of a
  8  3 school district may, by resolution, direct that the
  8  4 amount of foundation property tax imposed against the
  8  5 valuation in subsection 2 be paid into the special
  8  6 fund of the municipality.  The resolution may apply to
  8  7 plans or projects begun on or after July 1, 2003, and
  8  8 shall be in effect for the life of the urban renewal
  8  9 plan, or for a lesser period of time if the school
  8 10 district board of directors and the governing body of
  8 11 the municipality agree.  The resolution shall be filed
  8 12 with the county auditor.
  8 13    NEW SUBSECTION.  9.  For any fiscal year, a
  8 14 municipality may certify to the county auditor for
  8 15 foundation property tax revenue of a school district
  8 16 necessary for payment of principal and interest on
  8 17 obligations incurred prior to July 1, 2004, only if
  8 18 the municipality certified for such revenue on or
  8 19 before May 15, 2003.  A municipality shall not certify
  8 20 to the county auditor for a school district more than
  8 21 the amount the municipality certified on or before May
  8 22 15, 2003.  If for any fiscal year a municipality fails
  8 23 to certify to the county auditor for a school district
  8 24 by July 1 the amount of foundation property tax
  8 25 revenue of a school district necessary for payment of
  8 26 principal and interest on such obligations, as
  8 27 provided in subsection 2, the school district is not
  8 28 required to pay over the revenue to the municipality.
  8 29 The county auditor shall immediately certify to the
  8 30 school district the amount of such levy that is
  8 31 necessary to pay the principal and interest on
  8 32 obligations incurred by the municipality to finance an
  8 33 urban renewal project, which obligations were incurred
  8 34 prior to July 1, 2004.  Indebtedness incurred to
  8 35 refund bonds issued prior to July 1, 2004, shall not
  8 36 be included in the certification.  Such school
  8 37 district shall pay over the amount certified by
  8 38 November 1 and May 1 of the fiscal year following
  8 39 certification to the school district.
  8 40    If a school district and a municipality are unable
  8 41 to agree on the amount of foundation property tax
  8 42 revenue of a school district certified by the
  8 43 municipality for the fiscal year beginning July 1,
  8 44 2004, either party may request that the state appeal
  8 45 board review and finally pass upon the amount that may
  8 46 be certified.  Such appeals must be presented in
  8 47 writing to the state appeal board no later than July
  8 48 31 following certification.  The burden shall be on
  8 49 the municipality to prove that the foundation property
  8 50 tax levy revenue is necessary to pay principal and
  9  1 interest on obligations incurred prior to July 1,
  9  2 2004.  A final decision must be issued by the state
  9  3 appeal board no later than the following October 1.
  9  4    NEW SUBSECTION.  10.  If an urban renewal plan is
  9  5 amended and the amendment to the plan provides for the
  9  6 addition of territory to the urban renewal area, the
  9  7 assessment year for the territory added for purposes
  9  8 of dividing revenue under this section shall be the
  9  9 assessment year beginning January 1 of the calendar
  9 10 year preceding the calendar year in which the
  9 11 municipality adopted the amendment.
  9 12    NEW SUBSECTION.  11.  When all loans, advances,
  9 13 indebtedness, and bonds, if any, and interest thereon,
  9 14 have been paid, revenues from taxes levied on taxable
  9 15 property in an urban renewal area shall not be divided
  9 16 pursuant to this section and shall not be deposited in
  9 17 a special fund under subsection 2.
  9 18    NEW SUBSECTION.  12.  On or after July 1, 2003, a
  9 19 municipality shall not enter into a written agreement,
  9 20 or shall not extend or renew an existing agreement, to
  9 21 use revenues paid into the special fund in subsection
  9 22 2 to suspend, abate, exempt, rebate, refund, or
  9 23 reimburse property taxes, or to provide a grant for
  9 24 property taxes paid, in an urban renewal area if the
  9 25 property taxes are imposed against retail property.
  9 26 For the purposes of this subsection, "retail property"
  9 27 means property that is assessed as commercial property
  9 28 for property tax purposes and from which is sold at
  9 29 retail tangible goods, wares, or merchandise on the
  9 30 premises to the general public, which are subject to
  9 31 the state sales tax, but shall not include property on
  9 32 which the sales of retail tangible goods, wares, or
  9 33 merchandise constitutes a use of less than fifty
  9 34 percent of the structures on the property.
  9 35    Sec. 15.  NEW SECTION.  403.19A  DEBT LIMITATION
  9 36 FOR URBAN RENEWAL AREAS.
  9 37    1.  For fiscal years beginning on or after July 1,
  9 38 2003, the total amount of loans, advances,
  9 39 indebtedness, and bonds payable from the special fund
  9 40 of a municipality established in section 403.19,
  9 41 subsection 2, in all urban renewal areas designated by
  9 42 a municipality shall not exceed, in any year, an
  9 43 amount equal to five percent of the total assessed
  9 44 value of the taxable property in the municipality.
  9 45    2.  If the total amount of loans, advances,
  9 46 indebtedness, and bonds issued or incurred for
  9 47 projects in all urban renewal areas designated by a
  9 48 municipality and payable from the special fund of a
  9 49 municipality established in section 403.19, subsection
  9 50 2, which loans, advances, indebtedness, and bonds are
 10  1 outstanding on the effective date of this Act, exceeds
 10  2 the limitation in subsection 1, the municipality may
 10  3 continue to allocate moneys from the special fund to
 10  4 pay such loans, advances, indebtedness, and bonds.
 10  5 However, the municipality shall not issue or incur
 10  6 loans, advances, indebtedness, or bonds payable from
 10  7 the special fund on or after the effective date of
 10  8 this Act for urban renewal purposes unless the amount
 10  9 of such loans, advances, indebtedness, or bonds when
 10 10 combined with the amount of loans, advances,
 10 11 indebtedness, or bonds issued or incurred before the
 10 12 effective date of this Act, meets the limitation
 10 13 established in subsection 1.
 10 14    3.  For fiscal years beginning on or after July 1,
 10 15 2003, a city may exceed the debt limitation in this
 10 16 section only if the proposed plan or proposed
 10 17 amendment that will result in the debt limitation
 10 18 being exceeded is approved by resolution of the board
 10 19 of supervisors of each affected taxing entity that is
 10 20 a county within thirty days of the conclusion of the
 10 21 consultation process in section 403.5, subsection 2.
 10 22 If a resolution approving the proposed urban renewal
 10 23 plan or the proposed amendment to an urban renewal
 10 24 plan that would result in exceeding the debt
 10 25 limitation is received from each county that is an
 10 26 affected taxing entity, or if the board of supervisors
 10 27 of each county that is an affected taxing entity takes
 10 28 no action within the thirty-day time period, the
 10 29 governing body of the city may proceed with the
 10 30 proposed plan or proposed amendment.  The resolution
 10 31 approving the proposed plan or amendment shall remain
 10 32 in effect for the life of the plan or project,
 10 33 whichever is applicable.  If one or more resolutions
 10 34 rejecting the proposed plan or proposed amendment is
 10 35 received, the city shall not proceed with the proposed
 10 36 plan or amendment.  However, the city may proceed with
 10 37 the proposed plan or amendment but the county portion
 10 38 of the levy shall not be divided and paid into the
 10 39 special fund of the city pursuant to section 403.19,
 10 40 subsection 2, for purposes of funding a project
 10 41 proposed under the plan or amendment.
 10 42    4.  For purposes of this section, an urban renewal
 10 43 area of a city includes urban renewal areas
 10 44 established by the city in the area of operation of
 10 45 the city and an urban renewal area of a county
 10 46 includes urban renewal areas established by a county
 10 47 in the area of operation of the county.  For purposes
 10 48 of this section, the total assessed value of the
 10 49 taxable property in a city includes only the assessed
 10 50 value of the taxable property within the corporate
 11  1 limits of the city regardless of where the urban
 11  2 renewal area established by the city is located.  For
 11  3 purposes of this section, "assessed value" means the
 11  4 valuations determined by the assessor before
 11  5 application of any assessment limitations in section
 11  6 441.21.
 11  7    Sec. 16.  Section 403.20, Code 2003, is repealed.
 11  8    Sec. 17.  EFFECTIVE AND APPLICABILITY DATE.  This
 11  9 Act, being deemed of immediate importance, takes
 11 10 effect upon enactment and applies to urban renewal
 11 11 areas and urban renewal projects established, and
 11 12 urban renewal plans adopted, before, on, or after the
 11 13 effective date." 
 11 14 
 11 15 
 11 16                               
 11 17 KRAMER of Polk
 11 18 HF 686.304 80
 11 19 sc/cf
     

Text: H01456                            Text: H01458
Text: H01400 - H01499                   Text: H Index
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