Assembly Bill No. 270–Assemblymen Goldwater, Parks, Andonov, Arberry, Atkinson, Brown, Buckley, Conklin, Griffin, Horne, Leslie and Oceguera

 

Joint Sponsors: Senators O’Connell and Carlton

 

CHAPTER..........

 

AN ACT relating to community redevelopment; expanding the criteria that the legislative body of a city or county must consider before consenting to any payment by a community redevelopment agency for the land for and the cost of construction of any building, facility, structure or other improvement and the installation of any improvement; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

    Section 1. NRS 279.486 is hereby amended to read as follows:

    279.486  1.  An agency may, with the consent of the

 legislative body, pay all or part of the value of the land for and the

 cost of the construction of any building, facility, structure or other

 improvement and the installation of any improvement which is

 publicly or privately owned and located within or without the

 redevelopment area. Before the legislative body may give its

 consent, it [shall] must determine that:

    (a) The buildings, facilities, structures or other improvements

 are of benefit to the redevelopment area or the immediate

 neighborhood in which the redevelopment area is located; and

    (b) No other reasonable means of financing those buildings,

 facilities, structures or other improvements are available.

Those determinations by the agency and the legislative body are

 final and conclusive.

    2.  In reaching its determination that the buildings, facilities,

 structures or other improvements are of benefit to the

 redevelopment area or the immediate neighborhood in which the

 redevelopment area is located, the legislative body shall consider:

    (a) Whether the buildings, facilities, structures or other

 improvements are likely to:

        (1) Encourage the creation of new business or other

 appropriate development;

        (2) Create jobs or other business opportunities for nearby

 residents;

        (3) Increase local revenues from desirable sources;

        (4) Increase levels of human activity in the redevelopment

 area or the immediate neighborhood in which the redevelopment

 area is located;

        (5) Possess attributes that are unique, either as to type of

use or level of quality and design;

        (6) Require for their construction, installation or operation

 the use of qualified and trained labor; and

        (7) Demonstrate greater social or financial benefits to the

 community than would a similar set of buildings, facilities,

 structures or other improvements not paid for by the agency.

    (b) The opinions of persons who reside in the redevelopment

 area or the immediate neighborhood in which the redevelopment

 area is located.

    (c) Comparisons between the level of spending proposed by the

 agency and projections, made on a pro forma basis by the agency,

 of future revenues attributable to the buildings, facilities,

 structures or other improvements.

    3.  If the value of that land or the cost of the construction of that

 building, facility, structure or other improvement, or the installation

 of any improvement has been, or will be, paid or provided for

 initially by the community or other governmental entity, the agency

 may enter into a contract with that community or governmental

 entity under which it agrees to reimburse the community or

 governmental entity for all or part of the value of that land or of the

 cost of the building, facility, structure or other improvement, or

 both, by periodic payments over a period of years. The obligation

 of the agency under that contract constitutes an indebtedness of the

 agency which may be payable out of taxes levied and allocated to

 the agency under paragraph (b) of subsection 1 of NRS 279.676, or

 out of any other available money.

    Sec. 2.  This act becomes effective on July 1, 2003.

 

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