15.291 - DEFINITIONS.
15.291 DEFINITIONS.
As used in this part, unless the context otherwise requires:
1. "Brownfield site" means an abandoned, idled, or
underutilized industrial or commercial facility where expansion or
redevelopment is complicated by real or perceived environmental
contamination. A brownfield site includes property contiguous with
the property on which the individual or commercial facility is
located. A brownfield site does not include property which has been
placed, or is proposed for placement, on the national priorities list
established pursuant to the federal Comprehensive Environmental
Response, Compensation, and Liability Act, 42 U.S.C. § 9601 et seq.
2. "Council" means the brownfield redevelopment advisory
council established in section 15.294.
3. "Grayfield site" means an industrial or commercial
property meeting all of the following requirements:
a. The property has been developed and has infrastructure in
place but the property's current use is outdated or prevents a better
or more efficient use of the property. Such property includes
vacant, blighted, obsolete, or otherwise underutilized property.
b. The property's improvements and infrastructure are at
least twenty-five years old and one or more of the following
conditions exists:
(1) Thirty percent or more of a building located on the property
that is available for occupancy has been vacant or unoccupied for a
period of twelve months or more.
(2) The assessed value of the improvements on the property has
decreased by twenty-five percent or more.
(3) The property is currently being used as a parking lot.
(4) The improvements on the property no longer exist.
4. "Green development" means development which meets or
exceeds the sustainable design standards established by the state
building code commissioner pursuant to section 103A.8B.
5. "Qualifying investment" means the purchase price, the
cleanup costs, and the redevelopment costs directly related to a
qualifying redevelopment project.
6. "Qualifying redevelopment project" means a brownfield or a
grayfield site being redeveloped or improved by the property owner.
"Qualifying redevelopment project" does not include a previously
remediated or redeveloped brownfield site.
7. "Sponsorship" means an agreement between a city or county
and an applicant for assistance under the brownfield redevelopment
program where the city or county agrees to offer assistance or
guidance to the applicant. Section History: Recent Form
2000 Acts, ch 1101, §1; 2008 Acts, ch 1173, § 1
Referred to in § 15A.1, 15E.193B