House Journal: Page 1362: Friday, April 25, 2003
47 which the amount of loans, advances, indebtedness, or
48 bonds due and owing on the effective date of this Act
49 is paid, whichever is later. Indebtedness incurred
50 after the effective date of this Act to refund bonds
Page 3
1 issued prior to the effective date of this Act shall
2 not be considered loans, advances, indebtedness, or
3 bonds due and owing on the effective date of this Act.
4 An amendment to an urban renewal plan shall not result
5 in an extension of the durational limitation imposed
6 in this subsection.
7 Sec. 5. Section 403.6, subsection 6, paragraph b,
8 Code 2003, is amended to read as follows:
9 b. Urban renewal plans adopted, or amended,
10 pursuant to the requirements of section 403.5;
11 Sec. 6. Section 403.6, subsection 12, Code 2003,
12 is amended to read as follows:
13 12. To approve and amend urban renewal plans,
14 subject to the requirements of section 403.5.
15 Sec. 7. Section 403.15, subsection 2, Code 2003,
16 is amended to read as follows:
17 2. If the urban renewal agency is authorized to
18 transact business and exercise powers pursuant to this
19 chapter, the mayor or chairperson of the board, as
20 applicable, by and with the advice and consent of the
21 local governing body, shall appoint four members of a
22 board of commissioners of the urban renewal agency,
23 which board shall consist of five seven commissioners.
24 In cities having a population of more than one hundred
25 thousand, the city council may establish, by
26 ordinance, the number of commissioners at not less
27 than five. The affected taxing entities, other than
28 the municipality that has approved the urban renewal
29 plan, shall appoint three members of the board of
30 commissioners of the urban renewal agency. The term
31 of office of each such commissioner shall be one year.
32 Sec. 8. Section 403.17, subsection 10, Code 2003,
33 is amended to read as follows:
34 10. "Economic development area" means an area of a
35 municipality designated by the local governing body as
36 appropriate for commercial and industrial enterprises,
37 or public improvements related to housing and
38 residential development, or construction of housing
39 and residential development for low and moderate
40 income families, including single or multifamily
41 housing. If an urban renewal plan for an urban
42 renewal area is based upon a finding that the area is
43 an economic development area and that no part contains
44 slum or blighted conditions, then the division of
45 revenue provided in section 403.19 and stated in the
© 2003 Cornell College and
League of Women Voters of Iowa
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