Iowa Code § 403.1
Title
This chapter shall be known and may be cited as the “Urban Renewal Law”.
Iowa Code Chapter 403 — Urban Renewal
Iowa · statute · Iowa Code ch. 403 · 24 active provisions
Iowa Code § 403.2
Declaration of policy
1. It is hereby found and declared that there exist in municipalities of the state slum and blighted areas, as defined in this chapter, which constitute a serious and growing menace, injurious to the public health, safety, morals, and welfare of the residents of the state; that the existence of such areas contributes s…
Iowa Code § 403.3
Municipal program
The local governing body of a municipality may formulate for the municipality a workable program for utilizing appropriate private and public resources to eliminate slums and prevent the development or spread of slums and urban blight and to encourage needed urban rehabilitation. Such workable program may include, with…
Iowa Code § 403.4
Resolution of necessity
A municipality shall not exercise the authority conferred upon municipalities by this chapter until after its local governing body has adopted a resolution finding that: 1. One or more slum, blighted or economic development areas exist in the municipality. 2. The rehabilitation, conservation, redevelopment, development…
Iowa Code § 403.5
Urban renewal plan
1. A municipality shall not approve an urban renewal project for an urban renewal area unless the governing body has, by resolution, determined the area to be a slum area, blighted area, economic development area or a combination of those areas, and designated the area as appropriate for an urban renewal project. The l…
Iowa Code § 403.6
Powers of municipality
The provisions of this chapter shall be liberally interpreted to achieve the purposes of this chapter. Every municipality shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to others herein granted: 1. To…
Iowa Code § 403.7
Condemnation of property
1. A municipality shall have the right to acquire by condemnation any interest in real property, including a fee simple title thereto, which it may deem necessary for or in connection with an urban renewal project under this chapter, subject to the limitations on eminent domain authority in chapter 6A. However, a munic…
Iowa Code § 403.8
Sale or lease of property
1. A municipality may sell, lease or otherwise transfer real property or any interest in real property acquired by it, and may enter into contracts for such purposes, in an urban renewal area for residential, recreational, commercial, industrial or other uses, or for public use, subject to covenants, conditions and res…
Iowa Code § 403.9
Issuance of bonds
1. A municipality shall have power to periodically issue bonds in its discretion to pay the costs of carrying out the purposes and provisions of this chapter, including but not limited to the payment of principal and interest upon any advances for surveys and planning, and the payment of interest on bonds, authorized u…
Iowa Code § 403.10
Bonds as legal investment
All banks, trust companies, savings associations, investment companies, and other persons carrying on an investment business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all executors, administrators, curators, trustees, and other fiduciaries, may legally in…
Iowa Code § 403.11
Exemptions from legal process
1. All property of a municipality, including funds, owned or held by it for the purposes of this chapter shall be exempt from levy and sale by virtue of an execution. Execution or other judicial process shall not issue against the property and a judgment against a municipality shall not be a charge or lien upon such pr…
Iowa Code § 403.12
Urban renewal project — powers of municipality
1. For the purpose of aiding in the planning, undertaking or carrying out of an urban renewal project located within the area in which it is authorized to act, any public body may, upon such terms, with or without consideration, as it may determine: a. Dedicate, sell, convey, or lease any of its interest in any propert…
Iowa Code § 403.13
Presumption of title
Any instrument executed by a municipality and purporting to convey any right, title, or interest in any property under this chapter shall be conclusively presumed to have been executed in compliance with the provisions of this chapter insofar as title or other interest of any bona fide purchasers, lessees, or transfere…
Iowa Code § 403.14
Urban renewal agency powers
1. A municipality may itself exercise its urban renewal project powers, as defined in this section, or may, if the local governing body by resolution determines such action to be in the public interest, elect to have such powers exercised by the urban renewal agency, if one exists or is subsequently established in the…
Iowa Code § 403.15
Agency created
1. There is hereby created in each municipality a public body corporate and politic to be known as the “urban renewal agency” of the municipality. An urban renewal agency shall not transact any business or exercise its powers under this chapter until or unless the local governing body has made the finding prescribed in…
Iowa Code § 403.16
Personal interest prohibited
1. For purposes of this section: a. “Action” does not include resolutions advisory to the local governing body or agency by any citizens group, board, body, or commission designated to serve a purely advisory approving or recommending function under this chapter. b. “Action affecting such property” includes only that a…
Iowa Code § 403.17
Definitions
The following terms wherever used or referred to in this chapter, shall have the following meanings, unless a different meaning is clearly indicated by the context: 1. “Affected taxing entity” means a city, county, or school district which levied or certified for levy a property tax on any portion of the taxable proper…
Iowa Code § 403.18
Rule of construction
Insofar as the provisions of this chapter may be inconsistent with the provisions of any other law, the provisions of this chapter shall be controlling. The powers conferred by this chapter shall be in addition and supplemental to the powers conferred by any other law.
Iowa Code § 403.19
Division of revenue from taxation — tax increment financing
A municipality may provide by ordinance that taxes levied on taxable property in an urban renewal area each year by or for the benefit of the state, city, county, school district, or other taxing district, shall be divided as follows: 1. a. Unless otherwise provided in this section, that portion of the taxes which woul…
Iowa Code § 403.19A
Targeted jobs withholding credit pilot project
1. For purposes of this section, unless the context otherwise requires: a. “Business” means an enterprise that is located in this state and that is operated for profit and under a single management. “Business” includes professional services and industrial enterprises, including but not limited to medical treatment faci…
Iowa Code § 403.20
Adjustment considered in value assessment
In determining the assessed value of property within an urban renewal area which is subject to a division of tax revenues pursuant to section 403.19, the difference between the actual value of the property as determined by the assessor each year and the actual value of the property as determined by the assessor followi…
Iowa Code § 403.21
Communication and cooperation regarding new jobs training projects
1. In order to promote communication and cooperation among cities, counties, and community colleges with respect to the allocation and division of taxes, no jobs training projects as defined in chapter 260E shall be undertaken within the area of operation of a municipality after July 1, 1995, unless the municipality an…
Iowa Code § 403.22
Public improvements related to housing and residential development — low income assistance requirements
1. With respect to any urban renewal area established upon the determination that the area is an economic development area, a division of revenue as provided in section 403.19 shall not be allowed for the purpose of providing or aiding in the provision of public improvements related to housing and residential developme…
Iowa Code § 403.23
Audit certificate of compliance
1. Each municipality that has established an urban renewal area that utilizes, or plans to utilize, revenues from the special fund created in section 403.19, shall make an annual certification of compliance with this section. For any year in which the municipality is audited in accordance with section 11.6, such certif…