HOUSE FILE 132

BY  SANDS

A BILL FOR

An Act relating to recording requirements and required notices when approving, amending, or modifying certain urban renewal plans.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

   Section 1.  Section 403.5, subsection 2, paragraph b, Code 2011, is amended to read as follows:
   b.  Prior to its approval of an urban renewal plan which provides for a division of revenue pursuant to section 403.19, the municipality shall mail the proposed plan by regular mail to the affected taxing entities and to the county auditor of each county where the property included within the proposed urban renewal area is located. The municipality shall include with the proposed plan notification of a consultation to be held between the municipality and affected taxing entities prior to the public hearing on the urban renewal plan. Each affected taxing entity may appoint a representative to attend the consultation. The consultation may include a discussion of the estimated growth in valuation of taxable property included in the proposed urban renewal area, the fiscal impact of the division of revenue on the affected taxing entities, the estimated impact on the provision of services by each of the affected taxing entities in the proposed urban renewal area, and the duration of any bond issuance included in the plan. The designated representative of the affected taxing entity may make written recommendations for modification to the proposed division of revenue no later than seven days following the date of the consultation. The representative of the municipality shall, no later than seven days prior to the public hearing on the urban renewal plan, submit a written response to the affected taxing entity addressing the recommendations for modification to the proposed division of revenue.
   Sec. 2.  Section 403.5, subsection 3, Code 2011, is amended to read as follows:
   3.  The local governing body shall hold a public hearing on an urban renewal plan after public notice thereof by publication in a newspaper having a general circulation in the area of operation of the municipality. The notice shall describe the time, date, place and purpose of the hearing, shall generally identify the urban renewal area covered by the plan, and shall outline the general scope of the urban renewal activities under consideration. A copy of the notice shall be sent by ordinary mail to each affected taxing entity and to the county auditor of each county where the property included within the proposed urban renewal area is located.
   Sec. 3.  Section 403.5, Code 2011, is amended by adding the following new subsection:
   NEW SUBSECTION.  4A.  Following approval of an urban renewal plan that provides for a division of revenue by ordinance under section 403.19, the ordinance shall be recorded in the office of the county recorder of each county where the property included within the urban renewal area is located. The municipality shall also, within ten days of recording, file the urban renewal plan along with all accompanying plats of survey and other necessary documents in the office of the county auditor of each county where the property included within the urban renewal area is located.
EXPLANATION
   This bill requires a municipality to provide notice of a proposed urban renewal plan that provides for a division of revenue to the county auditor of each county where the property included within the proposed urban renewal area is located. The bill also requires the municipality to provide the notice of hearing on the proposed urban renewal plan to each such county auditor.
   The bill requires a municipality, following approval of an urban renewal plan that provides for a division of revenue, to record the ordinance establishing the division of revenue in the office of the county recorder of each county where the property included within the urban renewal area is located. The municipality is also required, within 10 days of recording, to file the urban renewal plan along with all accompanying plats of survey and other necessary documents in the office of the county auditor of each county where the property included within the urban renewal area is located.