Bill Text: IA SF10 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to the creation of land redevelopment trusts.(See SF 182.)
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced) 2023-01-31 - Committee report approving bill, renumbered as SF 182. S.J. 220. [SF10 Detail]
Download: Iowa-2023-SF10-Introduced.html
Senate
File
10
-
Introduced
SENATE
FILE
10
BY
LOFGREN
,
DAWSON
,
and
WEBSTER
A
BILL
FOR
An
Act
relating
to
the
creation
of
land
redevelopment
trusts.
1
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
2
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DIVISION
I
1
LAND
REDEVELOPMENT
TRUSTS
2
Section
1.
NEW
SECTION
.
358A.1
Short
title.
3
This
chapter
shall
be
known
and
may
be
cited
as
the
“Iowa
4
Land
Redevelopment
Trust
Act”
.
5
Sec.
2.
NEW
SECTION
.
358A.2
Legislative
intent.
6
The
general
assembly
finds
and
declares
all
of
the
7
following:
8
1.
Iowa’s
communities
are
important
to
the
social
and
9
economic
vitality
of
this
state.
Whether
urban,
suburban,
10
or
rural,
many
communities
are
struggling
with
dilapidated,
11
abandoned,
blighted,
and
tax-delinquent
properties.
12
2.
Citizens
of
Iowa
are
affected
adversely
by
dilapidated,
13
abandoned,
blighted,
and
tax-delinquent
properties,
14
including
properties
that
have
been
abandoned
due
to
mortgage
15
foreclosure.
16
3.
Dilapidated,
abandoned,
blighted,
and
tax-delinquent
17
properties
impose
significant
costs
on
neighborhoods
and
18
communities
by
lowering
property
values,
increasing
fire
19
and
police
protection
costs,
decreasing
tax
revenues,
and
20
undermining
community
cohesion.
21
4.
There
is
an
overwhelming
public
need
to
confront
the
22
problems
caused
by
dilapidated,
abandoned,
blighted,
and
23
tax-delinquent
properties;
to
return
properties
that
are
in
24
non-revenue-generating,
non-tax-producing
status
to
productive
25
status
in
order
to
revitalize
urban,
suburban,
and
rural
26
areas,
provide
affordable
housing,
and
attract
new
industry;
27
and
to
create
jobs
for
the
citizens
of
this
state
through
the
28
establishment
of
new
tools
that
enable
communities
to
turn
29
abandoned
spaces
into
vibrant
places.
30
5.
Land
redevelopment
trusts
are
one
of
the
tools
that
31
communities
can
use
to
facilitate
the
return
of
dilapidated,
32
abandoned,
blighted,
and
tax-delinquent
properties
to
33
productive
use.
34
Sec.
3.
NEW
SECTION
.
358A.3
Definitions.
35
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As
used
in
this
chapter,
unless
the
context
otherwise
1
requires:
2
1.
“Abandoned”
means
a
parcel
is
vacant
or
a
building
on
3
a
parcel
has
remained
vacant
for
a
period
of
at
least
six
4
consecutive
months
and
is
in
need
of
rehabilitation.
5
2.
“Blighted”
means
a
vacant
parcel
or
a
parcel
containing
6
a
building
is
unsafe
with
objectively
determinable
signs
of
7
deterioration
sufficient
to
constitute
a
threat
to
human
8
health,
safety,
and
welfare.
9
3.
“Board”
means
the
board
of
directors
of
a
land
10
redevelopment
trust.
11
4.
“Dilapidated”
means
a
parcel
containing
a
building
is
in
12
a
state
of
deterioration
as
a
result
of
age
or
neglect.
13
5.
“Geographical
boundaries
of
the
land
redevelopment
trust”
14
means
the
jurisdiction
of
the
municipality
that
created
the
15
land
redevelopment
trust
or
in
the
case
of
any
combination
16
of
municipalities
creating
a
single
land
redevelopment
17
trust
or
joining
an
existing
land
redevelopment
trust,
the
18
combined
jurisdictions
of
the
municipalities.
In
the
case
19
of
a
land
redevelopment
trust
created
by
a
county,
such
land
20
redevelopment
trust’s
jurisdiction
includes
only
the
area
of
21
the
county
not
included
within
an
incorporated
city.
22
6.
“Land
redevelopment
trust”
means
an
entity
created
under
23
section
358A.4.
24
7.
“Local
employee”
means
a
person
employed
by
a
25
municipality
of
this
state
and
does
not
include
an
independent
26
contractor.
27
8.
“Local
official”
means
an
officeholder
of
a
municipality
28
of
this
state.
29
9.
“Municipality”
means
a
city,
county,
or
township.
30
10.
“Rehabilitation”
means
the
action
of
restoring
to
its
31
former
condition
something
that
has
deteriorated
or
has
been
32
damaged.
33
Sec.
4.
NEW
SECTION
.
358A.4
Creation.
34
1.
A
land
redevelopment
trust
organized
under
this
chapter
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shall
be
a
body
corporate
and
politic,
with
the
name
under
1
which
it
was
organized,
and
may
sue
and
be
sued
in
its
own
2
name,
contract
and
be
contracted
with,
acquire
and
hold
real
3
and
personal
property
necessary
for
corporate
purposes,
adopt
a
4
corporate
seal
and
alter
the
same
at
pleasure,
and
exercise
all
5
the
powers
conferred
in
this
chapter.
6
2.
a.
Any
municipality
may
create
a
land
redevelopment
7
trust.
Creation
shall
be
by
ordinance
in
the
case
of
a
city
8
or
by
resolution
in
the
case
of
a
county
or
township.
The
9
ordinance
or
resolution
shall
make
reference
to
the
purposes
10
listed
under
section
358A.2.
11
b.
Any
municipality
may
create
a
land
redevelopment
12
trust
in
combination
with
one
or
more
other
municipalities.
13
Municipalities
seeking
to
create
such
a
land
redevelopment
14
trust
shall
comply
with
the
procedures
set
forth
in
chapter
15
28E.
A
land
redevelopment
trust
shall
be
considered
a
public
16
agency
for
the
purposes
of
chapters
28E
and
28H.
17
c.
(1)
Any
city
or
township
passing
an
ordinance
or
a
18
resolution
or
entering
into
a
chapter
28E
agreement
creating
19
a
land
redevelopment
trust
pursuant
to
this
section
shall
20
promptly
deliver
copies
of
the
ordinance,
resolution,
or
21
agreement
to
the
auditor,
treasurer,
and
the
county
attorney
of
22
each
county
in
which
the
municipality
is
located.
23
(2)
Any
board
of
supervisors
adopting
a
resolution
24
or
entering
into
a
chapter
28E
agreement
creating
a
land
25
redevelopment
trust
pursuant
to
this
section
shall
deliver
a
26
copy
of
the
resolution
or
agreement
to
the
county
auditor,
27
county
treasurer,
and
county
attorney.
28
3.
a.
The
enabling
ordinance
or
resolution,
or
chapter
29
28E
agreement,
shall
set
forth
any
restrictions
or
required
30
procedures
that
exceed
those
set
forth
in
this
chapter.
31
b.
A
chapter
28E
agreement
relating
to
a
land
redevelopment
32
trust
shall
include
procedures
for
the
distribution
of
assets
33
between
participating
municipalities
upon
the
dissolution
of
34
the
land
redevelopment
trust.
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c.
Unless
otherwise
limited
in
the
ordinance,
resolution,
1
or
chapter
28E
agreement,
the
powers
and
procedures
of
a
newly
2
created
land
redevelopment
trust
shall
be
the
powers
and
3
procedures
specified
in
this
chapter.
4
4.
A
council
of
governments
established
in
section
28H.1
5
shall
not
form
a
land
redevelopment
trust.
However,
pursuant
6
to
a
chapter
28E
agreement,
a
council
of
governments
may
7
provide
community
development
services,
planning
services,
and
8
technical
assistance
to
a
land
redevelopment
trust.
9
Sec.
5.
NEW
SECTION
.
358A.5
Board
of
directors.
10
1.
a.
A
land
redevelopment
trust
shall
have
a
board
of
11
directors
in
which
all
powers
of
the
land
redevelopment
trust
12
shall
be
vested.
13
b.
Unless
restricted
by
the
enabling
ordinance,
resolution,
14
or
agreement
as
specified
in
section
358A.4,
the
provisions
of
15
this
section
apply
to
the
governance
of
a
land
redevelopment
16
trust.
17
2.
The
membership
of
the
board
shall
be
established
in
the
18
bylaws
of
the
land
redevelopment
trust.
19
3.
a.
A
local
official
may
serve
as
a
board
member,
and
20
service
as
a
board
member
shall
neither
terminate
nor
impair
21
the
local
official’s
office.
22
b.
A
local
employee
shall
be
eligible
to
serve
as
a
board
23
member.
24
4.
Board
members
shall
serve
without
compensation.
25
However,
the
board
may
reimburse
a
member
for
expenses
actually
26
incurred
in
the
performance
of
duties
on
behalf
of
the
land
27
redevelopment
trust
as
provided
in
bylaws
adopted
pursuant
to
28
subsection
5.
29
5.
a.
Upon
creation
by
the
enabling
ordinance,
resolution,
30
or
agreement
as
specified
in
section
358A.4,
the
board
shall
31
adopt
bylaws
addressing
matters
necessary
to
govern
the
conduct
32
of
the
land
redevelopment
trust
and
shall
meet
as
the
bylaws
33
prescribe.
34
b.
When
in
actual
conflict,
the
ordinances,
resolutions,
or
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agreements
described
in
section
358A.4
shall
control
over
any
1
bylaws
adopted
by
the
board.
2
6.
Except
as
set
forth
in
the
enabling
ordinance,
3
resolution,
or
agreement,
or
as
set
forth
by
a
land
4
redevelopment
trust
in
its
bylaws,
an
action
of
the
board
must
5
be
approved
by
the
affirmative
vote
of
a
majority
of
the
board
6
present
and
voting.
7
7.
Members
of
the
board
shall
not
be
liable
personally
on
8
the
obligations
of
the
land
redevelopment
trust,
and
rights
of
9
creditors
of
a
land
redevelopment
trust
shall
be
solely
against
10
the
land
redevelopment
trust.
11
Sec.
6.
NEW
SECTION
.
358A.6
Staff.
12
1.
A
land
redevelopment
trust
may
employ
or
contract
for
13
the
employment
of
any
persons
the
land
redevelopment
trust
14
may
require
to
fulfill
the
objectives
of
its
bylaws
and
this
15
chapter.
16
2.
An
employee
of
the
land
redevelopment
trust
is
not
and
17
shall
not
be
deemed
to
be
an
employee
of
the
municipality
for
18
whose
benefit
the
land
redevelopment
trust
is
organized
solely
19
because
the
employee
is
employed
by
the
land
redevelopment
20
trust.
21
3.
A
land
redevelopment
trust
is
an
employer
as
defined
in
22
section
97B.1A,
subsection
9,
paragraph
“a”
,
and
an
employee
23
of
the
land
redevelopment
trust
is
an
employee
as
defined
in
24
section
97B.1A,
subsection
8.
25
Sec.
7.
NEW
SECTION
.
358A.7
Powers.
26
1.
In
furtherance
of
the
purposes
set
forth
in
section
27
358A.2,
a
land
redevelopment
trust
shall
have
the
power
to
28
perform
all
actions
necessary
or
convenient
to
carry
out
the
29
purposes
set
forth
in
this
chapter,
including
but
not
limited
30
to
all
of
the
following
powers:
31
a.
To
borrow
money
for
any
of
the
purposes
of
the
land
32
redevelopment
trust
by
means
of
loans,
lines
of
credit,
or
33
any
other
financial
instruments
or
securities
other
than
34
through
the
issuance
of
bonds,
debentures,
or
notes.
A
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land
redevelopment
trust
may
secure
its
indebtedness
by
1
mortgage,
pledge,
deed
of
trust,
or
other
lien
on
its
property,
2
franchises,
rights,
and
privileges
of
every
kind
and
nature
3
or
any
part
thereof
or
interest
therein.
The
moneys
borrowed
4
by
the
land
redevelopment
trust
are
payable
as
to
principal,
5
interest,
and
any
other
amounts
owed
the
lender
solely
from
6
the
proceeds
from
the
net
revenues
of
the
land
redevelopment
7
trust
and
are
not
a
debt
of
or
charge
against
any
of
the
8
municipalities
that
formed
the
land
redevelopment
trust
within
9
the
meaning
of
any
constitutional
or
statutory
debt
limitation
10
provision.
For
purposes
of
this
paragraph:
11
(1)
“Gross
revenues”
means
the
income
and
receipts
of
the
12
land
redevelopment
trust
from
any
source
whatsoever,
including
13
but
not
limited
to
contributions
from
private
parties
or
member
14
municipalities,
sale
or
lease
of
rehabilitated
properties,
15
and
collection
of
a
portion
of
the
property
taxes
during
the
16
five-year
period
after
sale
or
lease
of
the
rehabilitated
17
property.
18
(2)
“Net
revenues”
means
the
gross
revenues
of
the
land
19
redevelopment
trust
less
the
land
redevelopment
trust’s
20
operating
expenses.
21
b.
To
petition
for
abatement
pursuant
to
chapter
657A.
A
22
land
redevelopment
trust
is
an
“interested
person”
for
purposes
23
of
that
chapter.
24
c.
To
contract
with
the
federal
government,
the
state,
25
a
subdivision
of
the
state,
and
any
other
party,
whether
26
nonprofit
or
for-profit.
27
2.
The
powers
enumerated
in
this
chapter
shall
not
be
28
construed
to
limit
the
general
powers
of
a
land
redevelopment
29
trust
or
a
municipality.
The
powers
granted
under
this
chapter
30
are
in
addition
to
the
powers
granted
by
any
other
section
of
31
the
Code,
but
as
to
a
land
redevelopment
trust,
shall
be
used
32
only
for
the
purposes
set
forth
in
section
358A.2.
33
Sec.
8.
NEW
SECTION
.
358A.8
Eminent
domain.
34
A
land
redevelopment
trust
shall
not
possess
or
exercise
the
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power
of
eminent
domain,
including
under
chapters
6A
and
6B.
1
Sec.
9.
NEW
SECTION
.
358A.9
Acquisition
of
property.
2
1.
a.
Except
as
provided
in
section
358A.8,
a
land
3
redevelopment
trust
may
acquire,
hold,
own,
accept,
and
4
otherwise
obtain
real
property
or
interests
in
real
property
5
by
gift,
devise,
transfer,
exchange,
foreclosure,
purchase,
or
6
otherwise,
on
terms
and
conditions
and
in
a
manner
the
board
7
considers
is
in
the
best
interest
of
the
land
redevelopment
8
trust
and
consistent
with
the
purposes
set
forth
in
section
9
358A.2
and
the
land
redevelopment
trust’s
bylaws.
10
b.
A
land
redevelopment
trust
may
acquire
tax
sale
11
certificates
at
a
tax
sale
conducted
under
chapter
446
and
12
may
subsequently
acquire
title
through
tax
lien
foreclosure
13
procedures.
A
land
redevelopment
trust
shall
not
be
considered
14
a
city
or
county
for
purposes
of
bidding
on
and
acquiring
tax
15
sale
certificates
under
chapter
446,
redeeming
property
under
16
chapter
447,
or
obtaining
a
tax
sale
deed
under
chapter
448.
17
c.
The
acquisition
of
property
by
the
land
redevelopment
18
trust
shall
not
be
governed
or
controlled
by
any
regulations
or
19
laws
relating
to
procurement
or
acquisition
of
property
of
any
20
municipality
that
created
the
land
redevelopment
trust,
unless
21
specifically
provided
in
the
ordinance,
resolution,
or
chapter
22
28E
agreement
establishing
the
land
redevelopment
trust.
23
d.
Except
as
otherwise
provided
in
paragraph
“e”
,
a
land
24
redevelopment
trust
shall
not
own
or
hold
real
property
located
25
outside
the
geographical
boundaries
of
the
land
redevelopment
26
trust.
27
e.
A
land
redevelopment
trust
may
be
granted,
pursuant
to
28
an
intergovernmental
contract
with
a
political
subdivision
of
29
this
state,
the
authority
to
manage
and
maintain
real
property
30
located
within
the
geographical
boundaries
of
the
political
31
subdivision,
but
outside
the
geographical
boundaries
of
the
32
land
redevelopment
trust.
If
a
land
redevelopment
trust
33
receives
a
gift
or
devise
of
real
property
located
outside
of
34
the
geographical
boundaries
of
the
land
redevelopment
trust,
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the
land
redevelopment
trust
shall
dispose
of
such
property
by
1
sale
or
exchange
as
soon
as
reasonably
practicable.
2
2.
A
land
redevelopment
trust
shall
maintain
all
of
its
3
real
property
in
accordance
with
the
laws
and
ordinances
of
the
4
jurisdiction
in
which
the
real
property
is
located.
5
3.
A
land
redevelopment
trust
shall
maintain
and
make
6
available
for
public
review
and
inspection
an
inventory
of
all
7
real
property
held
by
the
land
redevelopment
trust.
8
Sec.
10.
NEW
SECTION
.
358A.10
Disposition
of
property.
9
1.
A
land
redevelopment
trust
may
convey,
exchange,
sell,
10
transfer,
lease,
grant,
mortgage,
or
otherwise
dispose
of
11
interests
in
real
property
of
the
land
redevelopment
trust
at
12
such
times,
to
such
persons,
upon
such
terms
and
conditions,
13
and
subject
to
such
restrictions
and
covenants
as
the
land
14
redevelopment
trust
deems
necessary
or
appropriate
to
assure
15
the
effective
use
of
the
land
redevelopment
trust
in
accordance
16
with
the
purposes
of
section
358A.2
and
consistent
with
the
17
land
redevelopment
trust’s
bylaws.
18
2.
A
land
redevelopment
trust
shall
determine
the
amount
19
and
form
of
consideration
necessary
to
convey,
exchange,
sell,
20
transfer,
lease,
grant,
mortgage,
or
otherwise
dispose
of
21
interests
in
real
property.
Consideration
may
take
the
form
of
22
monetary
payments
and
secured
financial
obligations,
covenants
23
and
conditions
related
to
the
present
and
future
use
of
the
24
property,
contractual
commitments
by
the
transferee,
and
other
25
forms
of
consideration
as
determined
by
the
board
to
be
in
the
26
best
interest
of
the
land
redevelopment
trust
and
consistent
27
with
its
bylaws.
28
3.
A
municipality
may
in
the
ordinance
or
resolution
29
creating
a
land
redevelopment
trust,
or
in
the
chapter
28E
30
agreement
in
the
case
of
any
combination
of
municipalities
31
creating
a
single
land
redevelopment
trust,
require
that
32
a
particular
form
of
disposition
of
real
property
or
a
33
disposition
of
real
property
located
within
a
specified
34
jurisdiction
be
subject
to
specified
voting
and
approval
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requirements
of
the
board.
1
Sec.
11.
NEW
SECTION
.
358A.11
Financing.
2
1.
A
land
redevelopment
trust
may
receive
funding
through
3
grants,
loans,
and
other
moneys
from
the
municipality
4
that
created
the
land
redevelopment
trust,
from
other
5
municipalities,
from
the
state,
from
the
federal
government,
6
and
from
any
other
public
and
private
sources,
including
but
7
not
limited
to
donations,
gifts,
or
bequests.
8
2.
A
land
redevelopment
trust
may
receive
and
retain
9
payments
for
services
rendered,
for
rents
and
leasehold
10
payments
received,
for
consideration
for
disposition
of
real
11
and
personal
property,
for
proceeds
of
insurance
coverage
for
12
losses
incurred,
for
income
from
investments,
and
for
any
other
13
asset
and
activity
lawfully
permitted
to
a
land
redevelopment
14
trust
under
this
chapter.
15
3.
Up
to
seventy-five
percent
of
the
real
property
taxes
16
remaining
after
the
division
of
taxes
pursuant
to
section
17
403.19,
if
applicable,
and
exclusive
of
any
amount
levied
18
by
a
school
district,
collected
on
real
property
that
a
19
land
redevelopment
trust
has
conveyed
or
leased
to
a
third
20
party
shall
be
remitted
to
the
land
redevelopment
trust.
21
The
allocation
of
property
tax
revenues
shall
commence
with
22
property
taxes
payable
on
the
assessed
value
of
the
property
23
determined
on
the
first
assessment
year
beginning
January
24
1
following
the
date
of
conveyance
or
lease
by
the
land
25
redevelopment
trust
and
shall
be
allocated
for
a
period
26
of
up
to
five
consecutive
years.
The
specific
percentage
27
of
the
taxes
to
be
remitted,
if
any,
and
the
number
of
28
consecutive
years
to
allocate
the
taxes
shall
be
established
29
by
the
municipality
creating
the
land
redevelopment
trust
30
in
accordance
with
this
section
and
shall
be
set
forth
in
31
the
enabling
ordinance,
resolution,
or
chapter
28E
agreement
32
creating
the
land
redevelopment
trust.
Each
municipality
may,
33
in
the
enabling
ordinance,
resolution,
or
chapter
28E
agreement
34
creating
the
land
redevelopment
trust,
include
the
right
of
35
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the
municipality
to
waive
or
amend
by
resolution,
and
on
a
1
project-specific
basis,
the
percentage
of
real
estate
taxes
2
to
be
remitted
to
the
land
redevelopment
trust
for
a
specific
3
property
and
the
number
of
consecutive
years
of
tax
allocation
4
for
a
specific
property.
The
land
redevelopment
trust
shall
5
give
the
treasurer
in
the
county
where
the
property
is
located
6
written
notice
of
the
date
of
the
sale
or
lease
of
any
property
7
for
which
the
land
redevelopment
trust
claims
a
real
property
8
tax
payment
under
this
subsection.
The
notice
shall
identify
9
the
property
by
local
tax
parcel
number,
address,
and
legal
10
description
and
include
a
copy
of
the
ordinance,
resolution,
11
or
chapter
28E
agreement
setting
forth
the
portion
of
such
12
taxes
allocable
to
the
land
redevelopment
trust
under
this
13
subsection.
Upon
receipt
of
the
taxes
from
such
property,
the
14
treasurer
shall
pay
the
land
redevelopment
trust
its
share
of
15
the
taxes
paid
on
such
property
for
the
applicable
number
of
16
consecutive
years.
17
Sec.
12.
NEW
SECTION
.
358A.12
Delinquent
property
tax
18
enforcement.
19
1.
Whenever
a
land
redevelopment
trust
acquires
real
20
property
encumbered
by
a
lien
or
claim
for
real
property
taxes
21
owed
to
one
or
more
of
the
municipalities
that
established
the
22
land
redevelopment
trust,
or
to
other
political
subdivisions
23
that
have
entered
into
an
intergovernmental
contract
with
the
24
land
redevelopment
trust,
the
land
redevelopment
trust
may
25
request,
by
resolution
of
the
board
or
as
otherwise
provided
in
26
its
bylaws,
that
the
county
in
which
the
property
is
located
27
discharge
and
extinguish
any
and
all
of
the
liens
or
claims.
28
If
a
portion
of
the
real
property
taxes
are
attributable
to
29
property
taxes
certified
for
levy
by
a
school
district,
the
30
land
redevelopment
trust
shall
notify
the
school
district
31
in
writing
of
its
intent
to
extinguish
all
such
liens
and
32
claims.
If
the
school
district
sends
a
written
objection
to
33
the
proposed
extinguishment
of
such
liens
and
claims
to
the
34
land
redevelopment
trust
within
thirty
days
of
receipt
of
such
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notice,
the
land
redevelopment
trust
shall
not
attempt
to
1
extinguish
the
liens
and
claims.
If
the
school
district
fails
2
to
send
a
written
objection
to
the
proposed
extinguishment
to
3
the
land
redevelopment
trust
within
thirty
days
of
receipt
of
4
such
notice
from
the
land
redevelopment
trust,
the
county
in
5
which
the
land
redevelopment
trust
is
located
shall
have
the
6
power,
by
resolution
of
the
board,
to
discharge
and
extinguish
7
any
and
all
such
liens
or
claims.
8
2.
If
a
land
redevelopment
trust
receives
payments
of
any
9
kind
attributable
to
liens
or
claims
for
real
property
taxes
10
owed
or
allocated
to
a
municipality,
public
utility,
or
school
11
district
on
property
acquired
by
the
land
redevelopment
trust,
12
the
land
redevelopment
trust
shall
remit
the
full
amount
of
the
13
payments
to
the
appropriate
taxing
entity.
14
Sec.
13.
NEW
SECTION
.
358A.13
Exemption
from
taxation.
15
The
income
and
operations
of
a
land
redevelopment
trust
16
are
exempt
from
taxation
by
the
state
and
by
any
political
17
subdivision
of
the
state.
18
Sec.
14.
NEW
SECTION
.
358A.14
Public
records
and
public
19
meetings.
20
A
land
redevelopment
trust
is
a
“governmental
body”
for
21
purposes
of
chapter
21
and
a
“government
body”
for
the
purposes
22
of
chapter
22.
A
land
redevelopment
trust
shall
comply
with
23
all
public
meeting
requirements
under
chapter
21
and
all
public
24
records
requirements
under
chapter
22.
25
Sec.
15.
NEW
SECTION
.
358A.15
Reports.
26
A
land
redevelopment
trust
shall
submit
to
the
governing
27
body
of
the
municipality
that
created
the
land
redevelopment
28
trust
an
annual
report
that
informs
the
municipality
of
the
29
land
redevelopment
trust’s
activities
for
the
previous
year.
30
Sec.
16.
NEW
SECTION
.
358A.16
Audits.
31
A
land
redevelopment
trust
is
a
“governmental
subdivision”
32
for
the
purposes
of
chapter
11.
A
land
redevelopment
trust
33
shall
be
subject
to
periodic
examination
by
the
auditor
of
34
state.
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10
Sec.
17.
NEW
SECTION
.
358A.17
Dissolution
of
land
1
redevelopment
trusts.
2
1.
A
land
redevelopment
trust
may
be
dissolved
in
accordance
3
with
its
bylaws.
Upon
dissolution
of
the
land
redevelopment
4
trust,
all
liabilities,
real
property,
personal
property,
5
and
other
assets
of
the
land
redevelopment
trust
shall
6
become
the
liabilities
and
assets
of
the
municipality
that
7
created
the
land
redevelopment
trust,
or,
in
the
case
of
a
8
land
redevelopment
trust
created
pursuant
to
a
chapter
28E
9
agreement,
shall
be
distributed
pursuant
to
the
chapter
28E
10
agreement.
11
2.
A
municipality
may
withdraw
from
a
land
redevelopment
12
trust
if
the
land
redevelopment
trust
was
created
pursuant
to
13
a
chapter
28E
agreement.
The
withdrawing
municipality
shall
14
receive
its
share
of
assets
and
liabilities
as
determined
15
in
the
chapter
28E
agreement.
A
land
redevelopment
trust
16
consisting
of
two
or
more
municipalities
does
not
dissolve
upon
17
the
withdrawal
of
a
single
municipality.
18
Sec.
18.
NEW
SECTION
.
358A.18
Conflicts
of
interest.
19
1.
For
purposes
of
this
section,
“family
member”
means
a
20
person
who
is
a
spouse,
domestic
partner,
child,
step-child,
21
grandchild,
parent,
step-parent,
grandparent,
sibling,
niece,
22
nephew,
uncle,
aunt,
mother-in-law,
father-in-law,
son-in-law,
23
or
daughter-in-law
of
a
member
of
the
board
or
an
employee
of
a
24
land
redevelopment
trust.
“Family
member”
includes
a
person
who
25
is
a
family
member
through
adoption.
26
2.
A
member
of
the
board,
employee
of
a
land
redevelopment
27
trust,
or
family
member
of
a
member
of
the
board
or
an
28
employee
of
the
land
redevelopment
trust
shall
not
acquire
29
any
direct
or
indirect
interest
in
real
property
of
the
land
30
redevelopment
trust
or
in
any
property
to
be
acquired
from
31
the
land
redevelopment
trust,
or
have
or
acquire
any
direct
32
or
indirect
interest
in
any
real
property
to
be
acquired
by
a
33
land
redevelopment
trust.
A
land
redevelopment
trust
shall
not
34
acquire
any
real
property
from
a
board
member,
employee
of
the
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land
redevelopment
trust,
or
family
member
of
a
board
member
or
1
employee
of
the
land
redevelopment
trust.
2
3.
Members
of
the
board
and
employees
of
the
land
3
redevelopment
trust
shall
disclose
to
the
board
any
direct
or
4
indirect
ownership
interest
such
person
or
a
family
member
of
5
such
person
has
in
any
property
to
be
acquired
by
the
land
6
redevelopment
trust
or
located
within
one
thousand
feet
of
7
any
property
that
the
land
redevelopment
trust
is
considering
8
acquiring
before
the
land
redevelopment
trust
takes
any
9
action
to
acquire
such
property.
A
member
of
the
board
who
is
10
required
to
make
such
disclosure
shall
not
participate
in
the
11
decision
to
approve
the
acquisition
of
such
property.
12
4.
A
member
of
the
board,
employee
of
a
land
redevelopment
13
trust,
or
family
member
of
a
member
of
the
board
or
an
employee
14
of
the
land
redevelopment
trust
may
have
a
direct
or
indirect
15
interest
in
any
contract
or
proposed
contract
for
material
or
16
services
to
be
furnished
to
or
used
by
a
land
redevelopment
17
trust
only
upon
all
of
the
following
conditions:
18
a.
The
member
of
the
board
or
employee
of
the
land
19
redevelopment
trust
discloses
the
material
facts
of
such
20
transaction
and
the
nature
of
such
interest
to
the
board
before
21
the
board
acts
to
approve
such
contract
and,
if
the
person
is
a
22
board
member,
does
not
participate
in
the
discussion
or
vote
to
23
consider
approval
of
such
contract.
24
b.
Such
contract
is
approved
by
a
majority
of
the
members
25
of
the
board
who
have
no
direct
or
indirect
interest
in
such
26
contract
and
whose
family
members
have
no
direct
or
indirect
27
interest
in
such
contract.
28
c.
Such
contract
is
fair
at
the
time
the
contract
is
29
approved.
30
5.
a.
Any
person
who
serves
or
is
employed
by
a
land
31
redevelopment
trust
shall
not
engage
in
any
of
the
following
32
conduct:
33
(1)
Outside
employment
or
an
activity
that
involves
the
use
34
of
the
land
redevelopment
trust’s
time,
facilities,
equipment,
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and
supplies
or
the
use
of
evidences
of
office
or
employment
1
to
give
the
person,
an
entity
affiliated
with
or
controlled
2
by
the
person,
or
a
family
member
of
the
person
an
advantage
3
or
pecuniary
benefit
that
is
not
available
to
other
similarly
4
situated
members
or
classes
of
members
of
the
general
public.
5
For
purposes
of
this
subparagraph,
a
person
is
not
“similarly
6
situated”
merely
by
being,
or
being
related
to,
a
person
who
7
serves
or
is
employed
by
the
land
redevelopment
trust.
8
(2)
Outside
employment
or
an
activity
that
involves
the
9
receipt
of,
promise
of,
or
acceptance
of
money
or
other
10
consideration
by
the
person,
an
entity
affiliated
with
or
11
controlled
by
the
person,
or
a
family
member
of
the
person
12
from
anyone
other
than
the
land
redevelopment
trust
for
the
13
performance
of
any
act
that
the
person
would
be
required
or
14
expected
to
perform
as
a
part
of
the
person’s
regular
duties
or
15
during
the
hours
during
which
the
person
performs
service
or
16
work
for
the
land
redevelopment
trust.
17
(3)
Outside
employment
or
an
activity
that
is
subject
to
18
the
official
control,
inspection,
review,
audit,
or
enforcement
19
authority
of
the
person,
during
the
performance
of
the
person’s
20
duties
of
office
or
employment.
21
b.
If
the
outside
employment
or
activity
is
employment
or
22
activity
described
in
paragraph
“a”
,
subparagraph
(1)
or
(2),
23
the
person
shall
immediately
cease
the
employment
or
activity.
24
If
the
outside
employment
or
activity
is
employment
or
activity
25
described
in
paragraph
“a”
,
subparagraph
(3),
unless
otherwise
26
provided
by
law,
the
person
shall
take
one
of
the
following
27
courses
of
action:
28
(1)
Cease
the
outside
employment
or
activity.
29
(2)
Publicly
disclose
the
existence
of
the
conflict
and
30
refrain
from
taking
any
official
action
or
performing
any
31
official
duty
that
would
detrimentally
affect
or
create
a
32
benefit
for
the
outside
employment
or
activity.
For
purposes
33
of
this
subparagraph,
“official
action”
or
“official
duty”
34
includes
but
is
not
limited
to
participating
in
any
vote,
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taking
affirmative
action
to
influence
any
vote,
granting
any
1
license
or
permit,
determining
the
facts
or
law
in
a
contested
2
case
or
rulemaking
proceeding,
conducting
any
inspection,
or
3
providing
any
other
official
service
or
thing
that
is
not
4
available
generally
to
members
of
the
public
in
order
to
5
further
the
interests
of
the
outside
employment
or
activity.
6
6.
Unless
otherwise
specifically
provided,
the
requirements
7
of
this
section
shall
be
in
addition
to,
and
shall
not
8
supersede,
any
other
rights
or
remedies
provided
by
law.
9
DIVISION
II
10
LAND
REDEVELOPMENT
TRUST
TAX
SALE
COORDINATING
PROVISIONS
11
Sec.
19.
Section
446.16,
subsection
2,
Code
2023,
is
amended
12
to
read
as
follows:
13
2.
The
treasurer
may
establish
and
collect
a
reasonable
14
registration
fee
from
each
registered
bidder
at
the
tax
15
sale.
The
fee
shall
not
be
assessed
against
a
county
,
or
16
municipality
,
or
land
redevelopment
trust
created
under
chapter
17
358A
.
The
total
of
the
fees
collected
shall
not
exceed
the
18
total
costs
of
the
tax
sale.
Registration
fees
collected
shall
19
be
deposited
in
the
general
fund
of
the
county.
20
Sec.
20.
NEW
SECTION
.
446.19C
Land
redevelopment
trust
tax
21
sale.
22
1.
A
land
redevelopment
trust
has
the
exclusive
bidder’s
23
right
to
purchase
tax
sale
certificates
offered
at
the
24
treasurer’s
annual
tax
sale
with
respect
to
tax
delinquent
25
parcels
located
within
the
geographical
boundaries
of
the
26
land
redevelopment
trust
that
are
dilapidated,
abandoned,
or
27
blighted
and
that
are
suitable
for
housing
or
commercial
use
28
following
rehabilitation.
29
2.
To
qualify
for
the
exclusive
bidder’s
right
to
purchase
30
tax
sale
certificates
under
this
section,
a
land
redevelopment
31
trust
must
file
a
verified
statement
with
the
treasurer
on
or
32
before
May
15.
The
land
redevelopment
trust
is
responsible
33
for
obtaining
information
from
the
treasurer
as
needed
to
34
accurately
identify
tax
parcel
numbers
and
total
amounts
due.
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The
land
redevelopment
trust
shall
provide
the
treasurer
with
1
the
federal
tax
identification
number
of
the
land
redevelopment
2
trust,
but
such
information
is
not
required
to
be
shown
on
the
3
verified
statement.
The
verified
statement
shall
include
all
4
of
the
following:
5
a.
The
name,
address,
telephone
number,
and
electronic
mail
6
address
of
the
land
redevelopment
trust.
7
b.
A
statement
that
the
land
redevelopment
trust
is
8
exercising
its
right
to
purchase
each
identified
parcel
9
pursuant
to
this
section.
10
c.
Specific
identification
of
each
parcel
by
the
parcel’s
11
official
county
tax
parcel
number.
12
d.
With
respect
to
each
identified
parcel,
a
statement
that
13
the
parcel
is
dilapidated,
abandoned,
or
blighted
and
that
the
14
parcel
is
suitable
for
housing
or
commercial
use
following
15
rehabilitation.
16
e.
The
total
amount
due
for
each
identified
parcel
computed
17
to
the
date
of
the
tax
sale.
18
3.
In
addition
to
the
verified
statement,
the
land
19
redevelopment
trust
shall
submit
payment
to
the
treasurer
of
20
an
amount
equal
to
the
total
amount
due
cumulatively
for
all
21
of
the
parcels
identified
in
the
verified
statement.
The
22
filing
of
the
verified
statement
by
a
land
redevelopment
23
trust
accompanied
by
payment
of
the
total
amount
due
for
all
24
identified
parcels
shall
constitute
the
registration
by
the
25
land
redevelopment
trust
as
a
bidder
at
the
tax
sale.
The
land
26
redevelopment
trust
shall
not
be
required
to
pay
a
registration
27
fee.
28
4.
The
land
redevelopment
trust’s
verified
statement
shall
29
be
published
at
the
same
time
and
in
the
same
manner
as
the
30
notice
of
the
annual
tax
sale,
and
the
requirements
in
section
31
446.9,
subsection
2,
for
publication
of
notice
of
the
annual
32
tax
sale
also
apply
to
publication
of
the
verified
statement.
33
5.
Upon
timely
receipt
of
the
verified
statement
and
34
payment
of
the
total
amount
due
cumulatively
for
all
identified
35
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parcels,
the
treasurer
shall
remove
all
of
the
identified
1
parcels
from
the
regular
annual
tax
sale
and
place
those
2
parcels
in
a
separate
sale
known
as
the
“land
redevelopment
3
trust
tax
sale”.
On
the
day
of
the
regular
tax
sale,
the
4
treasurer
shall
issue
and
deliver
tax
sale
certificates
to
the
5
land
redevelopment
trust
for
all
parcels
listed
in
the
land
6
redevelopment
trust’s
verified
statement
that
remain
liable
7
to
sale
for
delinquent
taxes.
The
land
redevelopment
trust’s
8
exclusive
right
to
purchase
tax
sale
certificates
to
parcels
9
included
in
the
land
redevelopment
trust
tax
sale
is
prior
and
10
superior
to
the
rights
of
any
other
tax
sale
bidder.
Any
tax
11
sale
certificate
issued
to
a
land
redevelopment
trust
under
the
12
provisions
of
this
section
shall
secure
a
one
redevelopment
13
trust
percent
interest
in
the
parcel.
14
6.
The
separate
land
redevelopment
trust
tax
sale
shall
15
be
conducted
by
the
treasurer
prior
to
the
separate
public
16
nuisance
tax
sale
conducted
under
section
446.19B.
If
the
same
17
parcel
is
listed
in
both
such
sales,
the
parcel
shall
be
sold
18
to
the
land
redevelopment
trust.
19
7.
If
any
parcel
identified
within
the
land
redevelopment
20
trust’s
verified
statement
has
been
removed
from
the
land
21
redevelopment
trust
tax
sale
because
of
receipt
by
the
22
treasurer
of
payment
of
the
taxes
required
to
eliminate
23
the
delinquency,
the
treasurer
shall
refund
to
the
land
24
redevelopment
trust
the
amount
paid
with
respect
to
the
total
25
amount
due
for
the
parcel.
26
8.
For
purposes
of
this
section,
“abandoned”
,
“blighted”
,
27
“dilapidated”
,
“geographical
boundaries
of
the
land
redevelopment
28
trust”
,
“land
redevelopment
trust”
,
and
“rehabilitation”
mean
the
29
same
as
defined
in
section
358A.3.
30
Sec.
21.
Section
447.9,
subsection
1,
Code
2023,
is
amended
31
to
read
as
follows:
32
1.
After
one
year
and
nine
months
from
the
date
of
sale,
or
33
after
nine
months
from
the
date
of
a
sale
made
under
section
34
446.18
,
or
after
three
months
from
the
date
of
a
sale
made
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under
section
446.19A
,
or
446.19B
,
or
446.19C,
the
holder
1
of
the
certificate
of
purchase
may
cause
to
be
served
upon
2
the
person
in
possession
of
the
parcel,
and
also
upon
the
3
person
in
whose
name
the
parcel
is
taxed,
a
notice
signed
by
4
the
certificate
holder
or
the
certificate
holder’s
agent
or
5
attorney,
stating
the
date
of
sale,
the
description
of
the
6
parcel
sold,
the
name
of
the
purchaser,
and
that
the
right
7
of
redemption
will
expire
and
a
deed
for
the
parcel
be
made
8
unless
redemption
is
made
within
ninety
days
from
the
completed
9
service
of
the
notice.
The
notice
shall
be
served
by
both
10
regular
mail
and
certified
mail
to
the
person’s
last
known
11
address
and
such
service
is
deemed
completed
when
the
notice
12
is
deposited
in
the
mail
and
postmarked
for
delivery.
The
13
ninety-day
redemption
period
begins
as
provided
in
section
14
447.12
.
When
the
notice
is
given
by
a
county
as
a
holder
of
15
a
certificate
of
purchase
the
notice
shall
be
signed
by
the
16
county
treasurer
or
the
county
attorney,
and
when
given
by
a
17
city,
it
shall
be
signed
by
the
city
officer
designated
by
18
resolution
of
the
council.
When
the
notice
is
given
by
the
19
Iowa
finance
authority
or
a
city
or
county
agency
holding
20
the
parcel
as
part
of
an
Iowa
homesteading
project,
it
shall
21
be
signed
on
behalf
of
the
agency
or
authority
by
one
of
its
22
officers,
as
authorized
in
rules
of
the
agency
or
authority.
23
DIVISION
III
24
OTHER
COORDINATING
PROVISIONS
25
Sec.
22.
Section
11.1,
subsection
1,
paragraph
c,
Code
2023,
26
is
amended
to
read
as
follows:
27
c.
“Governmental
subdivision”
means
cities
and
28
administrative
agencies
established
by
cities,
hospitals
or
29
health
care
facilities
established
by
a
city,
counties,
county
30
hospitals
organized
under
chapters
347
and
347A
,
memorial
31
hospitals
organized
under
chapter
37
,
entities
organized
under
32
chapter
28E
,
land
redevelopment
trusts
created
under
chapter
33
358A,
community
colleges,
area
education
agencies,
and
school
34
districts.
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Sec.
23.
Section
21.2,
subsection
1,
Code
2023,
is
amended
1
by
adding
the
following
new
paragraph:
2
NEW
PARAGRAPH
.
k.
A
land
redevelopment
trust
created
under
3
chapter
358A.
4
Sec.
24.
Section
22.1,
subsection
1,
Code
2023,
is
amended
5
to
read
as
follows:
6
1.
“Government
body”
means
this
state,
or
any
county,
7
city,
township,
school
corporation,
political
subdivision,
8
tax-supported
district,
nonprofit
corporation
other
than
a
9
fair
conducting
a
fair
event
as
provided
in
chapter
174
,
whose
10
facilities
or
indebtedness
are
supported
in
whole
or
in
part
11
with
property
tax
revenue
and
which
is
licensed
to
conduct
12
pari-mutuel
wagering
pursuant
to
chapter
99D
;
the
governing
13
body
of
a
drainage
or
levee
district
as
provided
in
chapter
14
468
,
including
a
board
as
defined
in
section
468.3
,
regardless
15
of
how
the
district
is
organized;
a
land
redevelopment
trust
16
created
under
chapter
358A;
or
other
entity
of
this
state,
or
17
any
branch,
department,
board,
bureau,
commission,
council,
18
committee,
official,
or
officer
of
any
of
the
foregoing
or
any
19
employee
delegated
the
responsibility
for
implementing
the
20
requirements
of
this
chapter
.
21
Sec.
25.
Section
97B.1A,
subsection
9,
paragraph
a,
Code
22
2023,
is
amended
to
read
as
follows:
23
a.
“Employer”
means
the
state
of
Iowa,
the
counties,
24
municipalities,
agencies,
public
school
districts,
all
25
political
subdivisions,
and
all
of
their
departments
and
26
instrumentalities,
including
area
agencies
on
aging,
other
than
27
those
employing
persons
as
specified
in
subsection
8
,
paragraph
28
“b”
,
subparagraph
(7),
land
redevelopment
trusts
created
under
29
chapter
358A,
and
joint
planning
commissions
created
under
30
chapter
28E
or
28I
.
31
Sec.
26.
Section
364.7,
Code
2023,
is
amended
to
read
as
32
follows:
33
364.7
Disposal
of
property.
34
A
city
may
shall
not
dispose
of
an
interest
in
real
property
35
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by
sale,
lease
for
a
term
of
more
than
three
years,
or
gift,
1
except
in
accordance
with
the
following
procedure:
2
1.
The
council
shall
set
forth
its
proposal
in
a
resolution
3
and
shall
publish
notice
,
as
provided
in
section
362.3
,
of
the
4
resolution
and
of
a
date,
time
,
and
place
of
a
public
hearing
5
on
the
proposal.
6
2.
After
the
public
hearing,
the
council
may
make
a
final
7
determination
on
the
proposal
by
resolution.
8
3.
A
city
may
shall
not
dispose
of
real
property
by
gift
9
except
to
a
governmental
body
for
a
public
purpose
or
to
a
land
10
redevelopment
trust
created
under
chapter
358A
.
11
Sec.
27.
Section
427.1,
Code
2023,
is
amended
by
adding
the
12
following
new
subsection:
13
NEW
SUBSECTION
.
42.
Land
redevelopment
trust
property.
The
14
real
property
of
a
land
redevelopment
trust
created
under
15
chapter
358A.
For
purposes
of
this
subsection,
real
property
16
includes
but
is
not
limited
to
real
property
held
by
a
land
17
redevelopment
trust
as
lessor
pursuant
to
long-term
lease
18
contracts
with
community
land
trusts
as
defined
in
42
U.S.C.
19
§12773,
but
does
not
include
real
property
otherwise
leased
20
by
a
land
redevelopment
trust
to
a
third
party
and
does
not
21
include
real
property
that
has
been
sold
on
contract,
which
22
real
property
shall
be
subject
to
property
taxation
in
the
name
23
of
the
contract
buyer.
24
Sec.
28.
Section
573.1,
subsection
3,
Code
2023,
is
amended
25
to
read
as
follows:
26
3.
“Public
corporation”
shall
embrace
the
state,
and
27
all
counties,
cities,
public
school
corporations,
any
land
28
redevelopment
trust
created
under
chapter
358A,
and
all
29
officers,
boards,
or
commissions
empowered
by
law
to
enter
into
30
contracts
for
the
construction
of
public
improvements.
31
Sec.
29.
Section
657A.2,
subsection
1,
Code
2023,
is
amended
32
to
read
as
follows:
33
1.
No
sooner
than
the
later
of
thirty
days
after
the
34
responsible
building
official’s
findings
have
been
provided
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under
section
657A.1A
or
six
months
after
a
building
has
become
1
abandoned,
a
petition
for
abatement
under
this
chapter
may
be
2
filed
in
the
district
court
of
the
county
in
which
the
property
3
is
located
by
the
city
in
which
the
property
is
located,
by
4
the
county
if
the
property
is
located
outside
the
limits
of
a
5
city,
by
a
neighboring
landowner,
by
a
land
redevelopment
trust
6
created
under
chapter
358A,
or
by
a
duly
organized
nonprofit
7
corporation
which
that
has
as
one
of
its
goals
the
improvement
8
of
housing
conditions
in
the
county
or
city
in
which
the
9
property
in
question
is
located.
The
petition
shall
not
demand
10
a
personal
judgment
against
any
party,
but
shall
concern
only
11
the
interests
in
the
property.
A
petition
for
abatement
filed
12
under
this
chapter
shall
include
the
legal
description
of
13
the
real
property
upon
which
the
public
nuisance
is
located
14
unless
the
public
nuisance
is
not
situated
on
or
confined
to
15
a
parcel
of
real
property,
or
is
portable
or
capable
of
being
16
removed
from
the
real
property.
Service
shall
be
made
on
all
17
interested
persons
by
personal
service
or,
if
personal
service
18
cannot
be
made,
by
certified
mail
and
first
class
mail
to
the
19
last
known
address
of
record
of
the
interested
person
and
by
20
posting
the
notice
in
a
conspicuous
place
on
the
building,
21
or
by
publication.
The
last
known
address
of
record
for
the
22
property
owner
shall
be
the
address
of
record
with
the
county
23
treasurer
of
the
county
where
the
property
is
located.
Service
24
may
also
be
made
as
provided
in
section
654.4A
.
25
EXPLANATION
26
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
27
the
explanation’s
substance
by
the
members
of
the
general
assembly.
28
This
bill
provides
for
the
establishment
of
land
29
redevelopment
trusts.
30
Division
I
of
the
bill
authorizes
one
or
more
municipalities
31
to
establish
a
land
redevelopment
trust
as
a
method
to
return
32
dilapidated,
abandoned,
blighted,
and
tax-delinquent
properties
33
in
their
communities
to
economically
productive
status.
An
34
established
land
redevelopment
trust
is
a
public
agency
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for
the
purpose
of
joint
exercise
of
governmental
powers,
a
1
governmental
body
for
purposes
of
public
meetings
requirements
2
of
Code
chapter
21,
and
a
government
body
for
purposes
3
of
public
records
requirements
of
Code
chapter
22.
Land
4
redevelopment
trusts
are
subject
to
periodic
examination
by
the
5
auditor
of
state
under
Code
chapter
11.
The
bill
requires
the
6
board
of
directors
of
a
land
redevelopment
trust
to
establish
7
bylaws
addressing
matters
necessary
to
govern
the
conduct
of
8
the
land
redevelopment
trust.
9
Division
I
of
the
bill
also
grants
a
land
redevelopment
10
trust
various
powers
and
duties,
including
the
authority
to
11
acquire
properties
through
certain
procedures,
including
the
12
purchase
of
tax
sale
certificates
and
the
foreclosure
of
13
properties
acquired
at
a
tax
sale
if
not
redeemed.
However,
14
the
bill
explicitly
prohibits
a
land
redevelopment
trust
15
from
possessing
or
exercising
the
power
of
eminent
domain.
16
The
bill
establishes
financing
procedures
that
govern
land
17
redevelopment
trusts,
including
allowing
to
be
remitted
to
the
18
land
redevelopment
trust
up
to
75
percent
of
real
property
19
taxes
collected
on
a
real
property
conveyed
or
leased
by
a
20
land
redevelopment
trust
that
remains
after
the
division
of
21
taxes
for
an
urban
renewal
area
and
exclusive
of
any
amount
22
levied
by
a
school
district
for
five
consecutive
years
after
23
the
property
is
again
put
on
the
tax
rolls.
The
bill
requires
24
a
land
redevelopment
trust
to
submit
annual
reports
to
the
25
governing
body
that
created
the
land
redevelopment
trust.
26
The
bill
provides
procedures
for
disposing
of
property
that
27
is
acquired
by
the
land
redevelopment
trust.
The
bill
also
28
provides
procedures
for
dissolving
a
land
redevelopment
trust.
29
Division
II
of
the
bill
creates
a
land
redevelopment
trust
30
tax
sale
procedure,
which
allows
a
land
redevelopment
trust
to
31
acquire
abandoned,
blighted,
or
dilapidated
properties
through
32
an
exclusive
tax
sale.
In
order
to
acquire
property
through
a
33
land
redevelopment
trust
tax
sale,
the
land
redevelopment
trust
34
shall
file
a
verified
statement
identifying
the
parcels
for
35
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which
the
land
redevelopment
trust
intends
to
purchase
the
tax
1
sale
certificates
and
shall
pay
the
delinquent
total
amounts
2
due
on
each
parcel
before
May
15.
Upon
timely
receipt
of
the
3
land
redevelopment
trust’s
verified
statement
and
payment,
the
4
county
treasurer
shall
remove
the
identified
parcels
from
the
5
regular
annual
tax
sale
and
place
those
parcels
in
the
land
6
redevelopment
trust
tax
sale.
The
land
redevelopment
trust
tax
7
sale
shall
occur
before
a
public
nuisance
tax
sale.
8
Division
III
of
the
bill
makes
changes
throughout
the
Code
to
9
conform
with
land
redevelopment
trust
procedures
established
in
10
division
I
of
the
bill.
11
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