Summary of SB08-094
Short Title: Urban Renewal & Community Dev

Sponsors: Bacon/Pommer

Amends the "Urban Renewal Law" (URL) to:
* Enable municipalities to create community development authorities.
* Enable authorities created under the URL to undertake community development projects and to submit community development plans.
* Require a community development project to advance a specified number of the following objectives:
* Creating ongoing employment opportunities;
* Strengthening the local tax base;
* Inducing private business to locate in or remain in the municipality;
* Utilizing renewable energy or clean energy;
* Mitigating environmental contamination of buildings or property;
* Providing affordable housing;
* Providing transit facilities; or
* Providing regional infrastructure that benefits the community as well as the area to be developed or redeveloped.
* Prohibit an authority from acquiring private property by eminent domain in connection with a community development project.
* Prohibit an urban renewal area from containing agricultural land unless certain conditions specified in the act have been satisfied.
* Prohibit an authority from commencing work on a community development project for a community development area unless certain conditions specified in the act have been satisfied. Prohibits the governing body of the municipality from approving a community development plan until a general plan for the municipality has been prepared. Prohibits an authority from acquiring real property for a community development project unless the local governing body has approved the community development plan in accordance with the provisions of the act.
* Require the governing body of the municipality, prior to its approval of a community development plan, to submit the plan to the planning commission of the municipality, if any, for its review and recommendations as to the conformity of the proposed community development plan with the general or master plan of the municipality. Requires the planning commission to submit its written recommendations on the proposed community development plan to the governing body. Requires the governing body to hold a hearing on the proposed community development plan. Specifies requirements applicable to the hearing.
* Specify requirements applicable to the approval or modification of a community development plan.
* Specify that, upon the approval by the governing body of a community development plan or a substantial modification to the plan, the provisions of the plan with respect to the land area, land use, design, building requirements, timing, or procedure applicable to the property covered by the plan are controlling with respect to such property.
* Authorize a community development plan to contain provisions allowing for tax increment financing subject to the conditions specified in the act.
* Clarify that the requirements of the act do not affect action undertaken prior to the passage of the act. Defines terms. Makes legislative findings and declarations. Makes conforming amendments.

Status
01/21/2008 Introduced In Senate - Assigned to Local Government
02/21/2008 Senate Committee on Local Government Postpone Indefinitely

Fiscal Notes Status: Fiscal note currently unavailable

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