House File 132 - Introduced HOUSE FILE 132 BY SANDS A BILL FOR An Act relating to recording requirements and required notices 1 when approving, amending, or modifying certain urban renewal 2 plans. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1975YH (3) 84 md/sc

H.F. 132 Section 1. Section 403.5, subsection 2, paragraph b, Code 1 2011, is amended to read as follows: 2 b. Prior to its approval of an urban renewal plan which 3 provides for a division of revenue pursuant to section 403.19 , 4 the municipality shall mail the proposed plan by regular mail 5 to the affected taxing entities and to the county auditor of 6 each county where the property included within the proposed 7 urban renewal area is located . The municipality shall include 8 with the proposed plan notification of a consultation to be 9 held between the municipality and affected taxing entities 10 prior to the public hearing on the urban renewal plan. Each 11 affected taxing entity may appoint a representative to attend 12 the consultation. The consultation may include a discussion of 13 the estimated growth in valuation of taxable property included 14 in the proposed urban renewal area, the fiscal impact of the 15 division of revenue on the affected taxing entities, the 16 estimated impact on the provision of services by each of the 17 affected taxing entities in the proposed urban renewal area, 18 and the duration of any bond issuance included in the plan. 19 The designated representative of the affected taxing entity may 20 make written recommendations for modification to the proposed 21 division of revenue no later than seven days following the date 22 of the consultation. The representative of the municipality 23 shall, no later than seven days prior to the public hearing 24 on the urban renewal plan, submit a written response to the 25 affected taxing entity addressing the recommendations for 26 modification to the proposed division of revenue. 27 Sec. 2. Section 403.5, subsection 3, Code 2011, is amended 28 to read as follows: 29 3. The local governing body shall hold a public hearing 30 on an urban renewal plan after public notice thereof by 31 publication in a newspaper having a general circulation in 32 the area of operation of the municipality. The notice shall 33 describe the time, date, place and purpose of the hearing, 34 shall generally identify the urban renewal area covered by the 35 -1- LSB 1975YH (3) 84 md/sc 1/ 2

H.F. 132 plan, and shall outline the general scope of the urban renewal 1 activities under consideration. A copy of the notice shall be 2 sent by ordinary mail to each affected taxing entity and to 3 the county auditor of each county where the property included 4 within the proposed urban renewal area is located . 5 Sec. 3. Section 403.5, Code 2011, is amended by adding the 6 following new subsection: 7 NEW SUBSECTION . 4A. Following approval of an urban renewal 8 plan that provides for a division of revenue by ordinance 9 under section 403.19, the ordinance shall be recorded in the 10 office of the county recorder of each county where the property 11 included within the urban renewal area is located. The 12 municipality shall also, within ten days of recording, file the 13 urban renewal plan along with all accompanying plats of survey 14 and other necessary documents in the office of the county 15 auditor of each county where the property included within the 16 urban renewal area is located. 17 EXPLANATION 18 This bill requires a municipality to provide notice of a 19 proposed urban renewal plan that provides for a division of 20 revenue to the county auditor of each county where the property 21 included within the proposed urban renewal area is located. 22 The bill also requires the municipality to provide the notice 23 of hearing on the proposed urban renewal plan to each such 24 county auditor. 25 The bill requires a municipality, following approval of an 26 urban renewal plan that provides for a division of revenue, 27 to record the ordinance establishing the division of revenue 28 in the office of the county recorder of each county where the 29 property included within the urban renewal area is located. 30 The municipality is also required, within 10 days of recording, 31 to file the urban renewal plan along with all accompanying 32 plats of survey and other necessary documents in the office of 33 the county auditor of each county where the property included 34 within the urban renewal area is located. 35 -2- LSB 1975YH (3) 84 md/sc 2/ 2