Senate Bill sb0102c1

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    Florida Senate - 2002                            CS for SB 102

    By the Committee on Comprehensive Planning, Local and Military
    Affairs; and Senator Constantine




    316-2263A-02

  1                      A bill to be entitled

  2         An act relating to community redevelopment;

  3         amending s. 163.340, F.S.; revising

  4         definitions; amending s. 163.355, F.S.,

  5         providing additional criteria for a finding of

  6         necessity for community redevelopment; amending

  7         s. 163.356, F.S.; allowing certain charter

  8         counties to create multiple community

  9         redevelopment agencies within the

10         unincorporated county areas; providing for the

11         membership of the board of commissioners of the

12         community redevelopment agency; amending s.

13         163.361, F.S.; requiring the appropriate

14         governing body to hold public hearings and

15         provide notice to taxing authorities concerning

16         modifications of community redevelopment plans;

17         amending s. 163.362, F.S.; providing a deadline

18         for completing projects in a community

19         redevelopment plan; amending s. 163.385, F.S.;

20         revising provisions relating to issuance and

21         maturation of refunding bonds; amending s.

22         163.387, F.S.; providing time limitations on

23         the annual appropriation made by each taxing

24         authority after the initial community

25         redevelopment plan has been approved; providing

26         that certain special districts are exempt from

27         providing tax-increment dollars to the

28         community redevelopment trust fund; amending s.

29         163.410, F.S.; providing that the governing

30         body of a charter county must act on a

31         delegation-of-powers request within a specific

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  1         timeframe; providing for applicability;

  2         providing an effective date.

  3  

  4  Be It Enacted by the Legislature of the State of Florida:

  5  

  6         Section 1.  Subsections (3), (7), and (8) of section

  7  163.340, Florida Statutes, are amended to read:

  8         163.340  Definitions.--The following terms, wherever

  9  used or referred to in this part, have the following meanings:

10         (3)  "Governing body" means the council, commission, or

11  other legislative body charged with governing the county or

12  municipality.

13         (7)  "Slum area" means an area having physical or

14  economic conditions conducive to disease, infant mortality,

15  juvenile delinquency, poverty, or crime because in which there

16  is a predominance of buildings or improvements, whether

17  residential or nonresidential, which are impaired by reason of

18  dilapidation, deterioration, age, or obsolescence and

19  exhibiting one or more of the following factors:;

20         (a)  Inadequate provision for ventilation, light, air,

21  sanitation, or open spaces;

22         (b)  High density of population, compared to the

23  population density of adjacent areas within the county or

24  municipality; and overcrowding, as indicated by government

25  maintained statistics or other studies and the requirements of

26  the Florida Building Code; or

27         (c)  The existence of conditions that which endanger

28  life or property by fire or other causes; or any combination

29  of such factors is conducive to ill health, transmission of

30  disease, infant mortality, juvenile delinquency, or crime and

31  

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  1  is detrimental to the public health, safety, morals, or

  2  welfare.

  3         (8)  "Blighted area" means an area in which there are

  4  either:

  5         (a)  An area in which there are a substantial number of

  6  slum, deteriorated, or deteriorating structures, in which and

  7  conditions, as indicated by government-maintained statistics

  8  or other studies, are leading that lead to economic distress

  9  or endanger life or property, and in which two or more of the

10  following factors are present by fire or other causes or one

11  or more of the following factors that substantially impairs or

12  arrests the sound growth of a county or municipality and is a

13  menace to the public health, safety, morals, or welfare in its

14  present condition and use:

15         (a)1.  Predominance of defective or inadequate street

16  layout, parking facilities, roadways, bridges or public

17  transportation facilities;

18         (b)  Aggregate assessed values of real property in the

19  area for ad valorem tax purposes have failed to show any

20  appreciable increase over the 5 years prior to the finding of

21  such condition;

22         (c)2.  Faulty lot layout in relation to size, adequacy,

23  accessibility, or usefulness;

24         (d)3.  Unsanitary or unsafe conditions;

25         (e)4.  Deterioration of site or other improvements;

26         (f)5.  Inadequate and outdated building density

27  patterns;

28         (g)  Falling lease rates per square foot of office,

29  commercial, or industrial space compared to the remainder of

30  the county or municipality;

31  

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  1         (h)6.  Tax or special assessment delinquency exceeding

  2  the fair value of the land;

  3         (i)  Residential and commercial vacancy rates higher in

  4  the area than in the remainder of the county or municipality;

  5         (j)  Incidence of crime in the area higher than in the

  6  remainder of the county or municipality;

  7         (k)  Fire and emergency medical service calls to the

  8  area proportionately higher than in the remainder of the

  9  county or municipality;

10         (l)  A greater number of violations of the Florida

11  Building Code in the area than the number of violations

12  recorded in the remainder of the county or municipality;

13         7.  Inadequate transportation and parking facilities;

14  and

15         (m)8.  Diversity of ownership or defective or unusual

16  conditions of title which prevent the free alienability of

17  land within the deteriorated or hazardous area; or

18         (n)  Governmentally owned property with adverse

19  environmental conditions caused by a public or private entity.

20         (b)  An area in which there exists faulty or inadequate

21  street layout; inadequate parking facilities; or roadways,

22  bridges, or public transportation facilities incapable of

23  handling the volume of traffic flow into or through the area,

24  either at present or following proposed construction.

25  

26  However, the term "blighted area" also means any area in which

27  at least one of the factors identified in paragraphs (a)

28  through (n) are present and all taxing authorities subject to

29  s. 163.387(2)(a) agree, either by interlocal agreement or

30  agreements with the agency or by resolution, which agreement

31  or resolution shall only determine that the area is blighted.

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  1  For purposes of qualifying for the tax credits authorized in

  2  chapter 220, "blighted area" means an area as defined in this

  3  subsection described in paragraph (a).

  4         Section 2.  Section 163.355, Florida Statutes, is

  5  amended to read:

  6         163.355  Finding of necessity by county or

  7  municipality.--No county or municipality shall exercise the

  8  community redevelopment authority conferred by this part until

  9  after the governing body has adopted a resolution, supported

10  by data and analysis, which makes a legislative finding that

11  the conditions in the area meet the criteria described in s.

12  163.340(7) or (8). The resolution must state finding that:

13         (1)  One or more slum or blighted areas, or one or more

14  areas in which there is a shortage of housing affordable to

15  residents of low or moderate income, including the elderly,

16  exist in such county or municipality; and,

17         (2)  The rehabilitation, conservation, or

18  redevelopment, or a combination thereof, of such area or

19  areas, including, if appropriate, the development of housing

20  which residents of low or moderate income, including the

21  elderly, can afford, is necessary in the interest of the

22  public health, safety, morals, or welfare of the residents of

23  such county or municipality.

24         Section 3.  Subsections (1) and (2) of section 163.356,

25  Florida Statutes, are amended to read:

26         163.356  Creation of community redevelopment agency.--

27         (1)  Upon a finding of necessity as set forth in s.

28  163.355, and upon a further finding that there is a need for a

29  community redevelopment agency to function in the county or

30  municipality to carry out the community redevelopment purposes

31  of this part, any county or municipality may create a public

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  1  body corporate and politic to be known as a "community

  2  redevelopment agency." A charter county having a population

  3  less than or equal to 1.6 million may create, by a vote of at

  4  least a majority plus one of the entire governing body of the

  5  charter county, more than one community redevelopment agency.

  6  Each such agency shall be constituted as a public

  7  instrumentality, and the exercise by a community redevelopment

  8  agency of the powers conferred by this part shall be deemed

  9  and held to be the performance of an essential public

10  function.  The community redevelopment agency of a county has

11  the power to function within the corporate limits of a

12  municipality only as, if, and when the governing body of the

13  municipality has by resolution concurred in the community

14  redevelopment plan proposed by the governing body of the

15  county.

16         (2)  When the governing body adopts a resolution

17  declaring the need for a community redevelopment agency, that

18  body shall, by ordinance, appoint a board of commissioners of

19  the community redevelopment agency, which shall consist of not

20  fewer than five or more than nine seven commissioners.  The

21  terms of office of the commissioners shall be for 4 years,

22  except that three of the members first appointed shall be

23  designated to serve terms of 1, 2, and 3 years, respectively,

24  from the date of their appointments, and all other members

25  shall be designated to serve for terms of 4 years from the

26  date of their appointments. A vacancy occurring during a term

27  shall be filled for the unexpired term.

28         Section 4.  Section 163.361, Florida Statutes, is

29  amended to read:

30         163.361  Modification of community redevelopment

31  plans.--

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  1         (1)  If at any time after the approval of a community

  2  redevelopment plan by the governing body it becomes necessary

  3  or desirable to amend or modify such plan, the governing body

  4  may amend such plan upon the recommendation of the agency. The

  5  agency recommendation to amend or modify a redevelopment plan

  6  may include a change in the boundaries of the redevelopment

  7  area to add land to or exclude land from the redevelopment

  8  area, or may include the development and implementation of

  9  community policing innovations.

10         (2)  The governing body shall hold a public hearing on

11  any a proposed modification of a community redevelopment plan

12  after public notice thereof by publication in a newspaper

13  having a general circulation in the area of operation of the

14  agency.

15         (3)  In addition to the requirements of s. 163.346, and

16  prior to the adoption of any modification to a community

17  redevelopment plan that expands the boundaries of the

18  community redevelopment area or extends the time certain set

19  forth in the redevelopment plan as required by s. 163.362(10),

20  the agency shall report such proposed modification to each

21  taxing authority in writing or by an oral presentation, or

22  both, regarding such proposed modification.

23         (4)  A modification to a community redevelopment plan

24  that includes a change in the boundaries of the redevelopment

25  area to add land must be supported by a resolution as provided

26  in s. 163.355.

27         (5)(3)  If a community redevelopment plan is modified

28  by the county or municipality after the lease or sale of real

29  property in the community redevelopment area, such

30  modification may be conditioned upon such approval of the

31  owner, lessee, or successor in interest as the county or

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  1  municipality may deem advisable and, in any event, shall be

  2  subject to such rights at law or in equity as a lessee or

  3  purchaser, or his or her successor or successors in interest,

  4  may be entitled to assert.

  5         Section 5.  Subsection (10) of section 163.362, Florida

  6  Statutes, is amended to read:

  7         163.362  Contents of community redevelopment

  8  plan.--Every community redevelopment plan shall:

  9         (10)  Provide a time certain for completing all

10  redevelopment financed by increment revenues.  Such time

11  certain shall occur no later than 30 years after the fiscal

12  year in which the plan is approved, adopted, or amended

13  pursuant to s. 163.361(1). However, for any agency created

14  after July 1, 2002, the time certain for completing all

15  redevelopment financed by increment revenues must occur within

16  40 years after the fiscal year in which the plan is approved

17  or adopted.

18         Section 6.  Paragraph (a) of subsection (1) of section

19  163.385, Florida Statutes, is amended to read:

20         163.385  Issuance of revenue bonds.--

21         (1)(a)  When authorized or approved by resolution or

22  ordinance of the governing body, a county, municipality, or

23  community redevelopment agency has power in its corporate

24  capacity, in its discretion, to issue redevelopment revenue

25  bonds from time to time to finance the undertaking of any

26  community redevelopment under this part, including, without

27  limiting the generality thereof, the payment of principal and

28  interest upon any advances for surveys and plans or

29  preliminary loans, and has power to issue refunding bonds for

30  the payment or retirement of bonds or other obligations

31  previously issued. For any agency created before July 1, 2002,

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  1  any redevelopment revenue bonds or other obligations issued to

  2  finance the undertaking of any community redevelopment under

  3  this part shall mature within 60 years after the end of the

  4  fiscal year in which the initial community redevelopment plan

  5  was approved or adopted. For any agency created on or after

  6  July 1, 2002, any redevelopment revenue bond or other

  7  obligations issued to finance the undertaking of any community

  8  redevelopment under this part must mature within 40 years

  9  after the end of the fiscal year in which the initial

10  community redevelopment plan is approved or adopted. However,

11  in no event shall any redevelopment revenue bonds or other

12  obligations issued to finance the undertaking of any community

13  redevelopment under this part mature later than the expiration

14  of the plan in effect at the time such bonds or obligations

15  were issued. The security for such bonds may be based upon the

16  anticipated assessed valuation of the completed community

17  redevelopment and such other revenues as are legally

18  available. Any bond, note, or other form of indebtedness

19  pledging increment revenues to the repayment thereof shall

20  mature no later than the end of the 30th fiscal year after the

21  fiscal year in which increment revenues are first deposited

22  into the redevelopment trust fund or the fiscal year in which

23  the plan is subsequently amended. However, for any agency

24  created on or after July 1, 2002, any form of indebtedness

25  pledging increment revenues to the repayment thereof must

26  mature by the 40th year after the fiscal year in which the

27  initial community redevelopment plan is approved or adopted.

28  However, any refunding bonds issued pursuant to this paragraph

29  may not mature later than the final maturity date of any bonds

30  or other obligations issued pursuant to this paragraph being

31  paid or retired with the proceeds of such refunding bonds.

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  1         Section 7.  Subsections (1), (2) and (6) of section

  2  163.387, are amended to read:

  3         163.387  Redevelopment trust fund.--

  4         (1)  After approval of a community redevelopment plan,

  5  there shall be established for each community redevelopment

  6  agency created under s. 163.356 a redevelopment trust fund.

  7  Funds allocated to and deposited into this fund shall be used

  8  by the agency to finance or refinance any community

  9  redevelopment it undertakes pursuant to the approved community

10  redevelopment plan. No community redevelopment agency may

11  receive or spend any increment revenues pursuant to this

12  section unless and until the governing body has, by ordinance,

13  provided for the funding of the redevelopment trust fund for

14  the duration of a community redevelopment plan. Such ordinance

15  may be adopted only after the governing body has approved a

16  community redevelopment plan. The annual funding of the

17  redevelopment trust fund shall be in an amount not less than

18  that increment in the income, proceeds, revenues, and funds of

19  each taxing authority derived from or held in connection with

20  the undertaking and carrying out of community redevelopment

21  under this part. Such increment shall be determined annually

22  and shall be that amount equal to 95 percent of the difference

23  between:

24         (a)  The amount of ad valorem taxes levied each year by

25  each taxing authority, exclusive of any amount from any debt

26  service millage, on taxable real property contained within the

27  geographic boundaries of a community redevelopment area; and

28         (b)  The amount of ad valorem taxes which would have

29  been produced by the rate upon which the tax is levied each

30  year by or for each taxing authority, exclusive of any debt

31  service millage, upon the total of the assessed value of the

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  1  taxable real property in the community redevelopment area as

  2  shown upon the most recent assessment roll used in connection

  3  with the taxation of such property by each taxing authority

  4  prior to the effective date of the ordinance providing for the

  5  funding of the trust fund.

  6  

  7  However, the governing body of any county as defined in s.

  8  125.011(1) may, in the ordinance providing for the funding of

  9  a trust fund established with respect to any community

10  redevelopment area created on or after July 1, 1994, determine

11  that the amount to be funded by each taxing authority annually

12  shall be less than 95 percent of the difference between

13  paragraphs (a) and (b), but in no event shall such amount be

14  less than 50 percent of such difference.

15         (2)(a)  Except for the purpose of funding the trust

16  fund pursuant to subsection (3), upon the adoption of an

17  ordinance providing for funding of the redevelopment trust

18  fund as provided in this section, each taxing authority shall,

19  by January 1 of each year, appropriate to the trust fund for

20  so long as any indebtedness pledging increment revenues to the

21  payment thereof is outstanding (but not to exceed 30 years) a

22  sum that is no less than the increment as defined and

23  determined in subsection (1) accruing to such taxing

24  authority.  If the community redevelopment plan is amended or

25  modified pursuant to s. 163.361(1), each such taxing authority

26  shall make the annual appropriation for a period not to exceed

27  30 years after the date the governing body amends the plan.

28  However, for any agency created on or after July 1, 2002, each

29  taxing authority shall make the annual appropriation for a

30  period not to exceed 40 years after the fiscal year in which

31  

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  1  the initial community redevelopment plan is approved or

  2  adopted.

  3         (b)  Any taxing authority that does not pay the

  4  increment to the trust fund by January 1 shall pay to the

  5  trust fund an amount equal to 5 percent of the amount of the

  6  increment and shall pay interest on the amount of the

  7  increment equal to 1 percent for each month the increment is

  8  outstanding.

  9         (c)  The following public bodies or taxing authorities

10  created prior to July 1, 1993, are exempt from paragraph (a):

11         1.  A special district that levies ad valorem taxes on

12  taxable real property in more than one county.

13         2.  A special district the sole available source of

14  revenue of which is ad valorem taxes at the time an ordinance

15  is adopted under this section.

16         3.  A library district, except a library district in a

17  jurisdiction where the community redevelopment agency had

18  validated bonds as of April 30, 1984.

19         4.  A neighborhood improvement district created under

20  the Safe Neighborhoods Act.

21         5.  A metropolitan transportation authority.

22         6.  A water management district created under s.

23  373.069.

24         (d)1.  A local governing body that creates a community

25  redevelopment agency under s. 163.356 may exempt from

26  paragraph (a) a special district that levies ad valorem taxes

27  within that community redevelopment area.  The local governing

28  body may grant the exemption either in its sole discretion or

29  in response to the request of the special district.  The local

30  governing body must establish procedures by which a special

31  

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  1  district may submit a written request to be exempted from

  2  paragraph (a) within 120 days after July 1, 1993.

  3         2.  In deciding whether to deny or grant a special

  4  district's request for exemption from paragraph (a), the local

  5  governing body must consider:

  6         a.  Any additional revenue sources of the community

  7  redevelopment agency which could be used in lieu of the

  8  special district's tax increment.

  9         b.  The fiscal and operational impact on the community

10  redevelopment agency.

11         c.  The fiscal and operational impact on the special

12  district.

13         d.  The benefit to the specific purpose for which the

14  special district was created.  The benefit to the special

15  district must be based on specific projects contained in the

16  approved community redevelopment plan for the designated

17  community redevelopment area.

18         e.  The impact of the exemption on incurred debt and

19  whether such exemption will impair any outstanding bonds that

20  have pledged tax increment revenues to the repayment of the

21  bonds.

22         f.  The benefit of the activities of the special

23  district to the approved community redevelopment plan.

24         g.  The benefit of the activities of the special

25  district to the area of operation of the local governing body

26  that created the community redevelopment agency.

27         3.  The local governing body must hold a public hearing

28  on a special district's request for exemption after public

29  notice of the hearing is published in a newspaper having a

30  general circulation in the county or municipality that created

31  the community redevelopment area.  The notice must describe

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  1  the time, date, place, and purpose of the hearing and must

  2  identify generally the community redevelopment area covered by

  3  the plan and the impact of the plan on the special district

  4  that requested the exemption.

  5         4.  If a local governing body grants an exemption to a

  6  special district under this paragraph, the local governing

  7  body and the special district must enter into an interlocal

  8  agreement that establishes the conditions of the exemption,

  9  including, but not limited to, the period of time for which

10  the exemption is granted.

11         5.  If a local governing body denies a request for

12  exemption by a special district, the local governing body

13  shall provide the special district with a written analysis

14  specifying the rationale for such denial.  This written

15  analysis must include, but is not limited to, the following

16  information:

17         a.  A separate, detailed examination of each

18  consideration listed in subparagraph 2.

19         b.  Specific examples of how the approved community

20  redevelopment plan will benefit, and has already benefited,

21  the purpose for which the special district was created.

22         6.  The decision to either deny or grant an exemption

23  must be made by the local governing body within 120 days after

24  the date the written request was submitted to the local

25  governing body pursuant to the procedures established by such

26  local governing body.

27         (6)  Moneys in the redevelopment trust fund may be

28  expended from time to time for undertakings of a community

29  redevelopment agency which are the following purposes, when

30  directly related to financing or refinancing of redevelopment

31  in a community redevelopment area pursuant to an approved

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  1  community redevelopment plan for the following purposes

  2  including, but not limited to:

  3         (a)  Administrative and overhead expenses necessary or

  4  incidental to the implementation of a community redevelopment

  5  plan adopted by the agency.

  6         (b)  Expenses of redevelopment planning, surveys, and

  7  financial analysis, including the reimbursement of the

  8  governing body or the community redevelopment agency for such

  9  expenses incurred before the redevelopment plan was approved

10  and adopted.

11         (c)  The acquisition of real property in the

12  redevelopment area.

13         (d)  The clearance and preparation of any redevelopment

14  area for redevelopment and relocation of site occupants as

15  provided in s. 163.370.

16         (e)  The repayment of principal and interest or any

17  redemption premium for loans, advances, bonds, bond

18  anticipation notes, and any other form of indebtedness.

19         (f)  All expenses incidental to or connected with the

20  issuance, sale, redemption, retirement, or purchase of agency

21  bonds, bond anticipation notes, or other form of indebtedness,

22  including funding of any reserve, redemption, or other fund or

23  account provided for in the ordinance or resolution

24  authorizing such bonds, notes, or other form of indebtedness.

25         (g)  The development of affordable housing within the

26  area.

27         (h)  The development of community policing innovations.

28         Section 8.  Section 163.410, Florida Statutes, is

29  amended to read:

30         163.410  Exercise of powers in counties with home rule

31  charters.--In any county which has adopted a home rule

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  1  charter, the powers conferred by this part shall be exercised

  2  exclusively by the governing body of such county. However, the

  3  governing body of any such county which has adopted a home

  4  rule charter may, in its discretion, by resolution delegate

  5  the exercise of the powers conferred upon the county by this

  6  part within the boundaries of a municipality to the governing

  7  body of such a municipality. Such a delegation to a

  8  municipality shall confer only such powers upon a municipality

  9  as shall be specifically enumerated in the delegating

10  resolution. Any power not specifically delegated shall be

11  reserved exclusively to the governing body of the county. This

12  section does not affect any community redevelopment agency

13  created by a municipality prior to the adoption of a county

14  home rule charter. Unless otherwise provided by an existing

15  ordinance, resolution, or interlocal agreement between any

16  such county and a municipality, the governing body of the

17  county that has adopted a home rule charter shall act on any

18  request from a municipality for a delegation of powers or a

19  change in an existing delegation of powers within 120 days

20  after the receipt of all required documentation or such

21  request shall be immediately sent to the governing body for

22  consideration.

23         Section 9.  (1)  Amendments to part III of chapter 163,

24  Florida Statutes, as provided by this act, do not apply to any

25  ordinance or resolution authorizing the issuance of any bond,

26  note, or other form of indebtedness to which are pledged

27  increment revenues pursuant to a community development plan,

28  or amendment or modification thereto, as approved or adopted

29  before July 1, 2002.

30         (2)  Amendments to part III of chapter 163, Florida

31  Statutes, as provided by this act, shall not apply to any

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    Florida Senate - 2002                            CS for SB 102
    316-2263A-02




  1  ordinance, resolution, interlocal agreement, or written

  2  agreement effective before July 1, 2002, which provides for

  3  the delegation of community redevelopment powers.

  4         (3)  Sections 1, 2, 4, and 5 of this act do not apply

  5  to nor affect, directly or indirectly, any community

  6  development agency created before July 1, 2002, unless the

  7  community redevelopment area is expanded on or after July 1,

  8  2002, in which case only sections 1 and 2 of this act shall

  9  apply only to such expanded area.

10         (4)  Sections 1, 2, 4, and 5 of this act do not apply

11  to nor shall affect, directly or indirectly, any municipality

12  that has adopted its finding of necessity on or before August

13  1, 2002, and has adopted its community redevelopment plan on

14  or before December 31, 2002.

15         (5)  Sections 1, 2, 4, and 5 of this act do not apply

16  to nor shall affect, directly or indirectly, any municipality

17  that has submitted its finding of necessity or application for

18  approval of a community redevelopment plan, or to amend an

19  existing community redevelopment plan, to a county that has

20  adopted a home rule charter and that has delegated powers to

21  that municipality pursuant to section 163.410, Florida

22  Statutes, before August 1, 2002.

23         (6)  Amendments to part III of chapter 163, Florida

24  Statutes, as provided by this act, do not apply to any county

25  as defined in section 125.011(1), Florida Statutes, or any

26  municipality located therein.

27         Section 10.  This act shall take effect July 1, 2002.

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    Florida Senate - 2002                            CS for SB 102
    316-2263A-02




  1          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
  2                         Senate Bill 102

  3                                 

  4  
         This bill revises statutory provisions relating to
  5       community redevelopment agencies (CRAs) set forth in part
         III of chapter 163, F.S. Current definitions of "slum
  6       area" and "blighted area" are substantially amended to
         restrict the areas to which these definitions apply. The
  7       bill revises current statutory provision governing a
         finding of necessity to require a local government to
  8       adopt a resolution, supported by a detailed
         justification, that finds conditions in the area meet the
  9       revised definition of "slum area" or of a "blighted area"
         prior to establishing a CRA.
10  
         The bill also requires that before a community
11       redevelopment plan is modified, the CRA must notify each
         taxing authority of the proposed modification and
12       requires that any change in the boundaries of the
         redevelopment area to add land must be supported by a
13       resolution with accompanying justification.

14       The bill expands the maximum number of commissioners
         sitting on the board of a CRA from seven to nine, and
15       allows more than one CRA to be created in certain charter
         counties.
16  
         The bill also limits the time period each taxing
17       authority is required to appropriate incremental ad
         valorem tax revenues to a redevelopment trust fund to no
18       more than 40 years after the date of approval or adoption
         of the initial plan, regardless of whether the CRA amends
19       its plan, and mandates a time certain for completing all
         redevelopment financed by increment revenues of within 40
20       years after the fiscal year in which the plan is approved
         or adopted. Similarly, the maturity date for
21       redevelopment revenue bonds and repayment bonds issued by
         CRAs created on or after July 1, 2002 is limited to 40
22       years.

23       This bill includes a number of specific exclusion to
         application of the provisions of the bill.
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