HB 10-1107 Summary

• Prohibits agricultural land from being included in urban renewal areas except under limited circumstances, establishing this as a matter of statewide concern.

• Allows agricultural land inclusion only if it is a brownfield site, meets specific urban-level development thresholds (at least one-half of renewal area with urban-level development and two-thirds of perimeter contiguous with urban development), or qualifies as a municipal enclave with three years of surrounding urban development.

• Permits a 10-year transition period allowing agricultural land inclusion when contiguous with existing urban renewal areas if owned by the same person and developed solely for primary manufacturing jobs that produce export goods.

• Requires county assessors to value included agricultural land at fair market value for calculating tax increment purposes, while maintaining its agricultural classification for property tax purposes unless formally reclassified.

• Establishes a 30-day notice and dispute resolution process allowing county assessors to challenge improper agricultural land inclusion in urban renewal plans through state district court.

• Effective date: June 1, 2010, applying to urban renewal plans approved or substantially modified on or after that date.