§ 17C-5-105 — Community reinvestment project area plan requirements.

An agency shall ensure that each community reinvestment project area plan and proposed community reinvestment project area plan:
(1) subject to Section 17C-1-414, if applicable, includes a boundary description and a map of the community reinvestment project area;
(2) contains a general statement of the existing land uses, layout of principal streets, population densities, and building intensities of the community reinvestment project area and how each will be affected by project area development;
(3) states the standards that will guide project area development;
(4) shows how project area development will further purposes of this title;
(5) is consistent with the general plan of the community in which the community reinvestment project area is located and shows that project area development will conform to the community's general plan;
(6) if applicable, describes how project area development will eliminate or reduce a development impediment in the community reinvestment project area;
(7) describes any specific project area development that is the object of the community reinvestment project area plan;
(8) if applicable, explains how the agency plans to select a participant;
(9) states each reason the agency selected the community reinvestment project area;
(10) describes the physical, social, and economic conditions that exist in the community reinvestment project area;
(11) describes each type of financial assistance that the agency anticipates offering a participant;
(12) includes an analysis or description of the anticipated public benefit resulting from project area development, including benefits to the community's economic activity and tax base;
(13) includes the rationale for the use of tax increment, including an analysis of whether the proposed project area development might reasonably be expected to occur in the foreseeable future without the use of tax increment;
(14) if applicable, states that the agency shall comply with Section 9-8a-404 as required under Section 17C-5-106;
(15) for a community reinvestment project area plan that an agency adopted before May 14, 2019, states whether the community reinvestment project area plan or proposed community reinvestment project area plan is subject to a taxing entity committee or an interlocal agreement; and
(16) includes other information that the agency determines to be necessary or advisable.

Legislative History

Amended by Chapter 316, 2024 General Session