17C-1-102 - Definitions.
17C-1-102. Definitions.
As used in this title:
(1) "Adjusted tax increment" means:
(a) for tax increment under a pre-July 1, 1993 project area plan, tax increment underSection 17C-1-403, excluding tax increment under Subsection 17C-1-403(3); and
(b) for tax increment under a post-June 30, 1993 project area plan, tax increment underSection 17C-1-404, excluding tax increment under Section 17C-1-406.
(2) "Affordable housing" means housing to be owned or occupied by persons andfamilies of low or moderate income, as determined by resolution of the agency.
(3) "Agency" or "community development and renewal agency" means a separate bodycorporate and politic, created under Section 17C-1-201 or as a redevelopment agency underprevious law, that is a political subdivision of the state, that is created to undertake or promoteurban renewal, economic development, or community development, or any combination of them,as provided in this title, and whose geographic boundaries are coterminous with:
(a) for an agency created by a county, the unincorporated area of the county; and
(b) for an agency created by a city or town, the boundaries of the city or town.
(4) "Annual income" has the meaning as defined under regulations of the U.S.Department of Housing and Urban Development, 24 C.F.R. Sec. 5.609, as amended or assuperseded by replacement regulations.
(5) "Assessment roll" has the meaning as defined in Section 59-2-102.
(6) "Base taxable value" means:
(a) for an urban renewal or economic development project area, the taxable value of theproperty within a project area from which tax increment will be collected, as shown upon theassessment roll last equalized before:
(i) for a pre-July 1, 1993 project area plan, the effective date of the project area plan;
(ii) for a post-June 30, 1993 project area plan:
(A) the date of the taxing entity committee's approval of the first project area budget; or
(B) if no taxing entity committee approval is required for the project area budget, thelater of:
(I) the date the project area plan is adopted by the community legislative body; and
(II) the date the agency adopts the first project area budget;
(iii) for a project on an inactive industrial site, a year after the date on which the inactiveindustrial site is sold for remediation and development; or
(iv) for a project on an inactive airport site, a year after the later of:
(A) the date on which the inactive airport site is sold for remediation and development;and
(B) the date on which the airport that had been operated on the inactive airport siteceased operations; and
(b) for a community development project area, the agreed value specified in a resolutionor interlocal agreement under Subsection 17C-4-201(2).
(7) "Basic levy" means the portion of a school district's tax levy constituting theminimum basic levy under Section 59-2-902.
(8) "Blight" or "blighted" means the condition of an area that meets the requirements ofSubsection 17C-2-303(1).
(9) "Blight hearing" means a public hearing under Subsection 17C-2-102(1)(a)(i)(C) and
Section 17C-2-302 regarding the existence or nonexistence of blight within the proposed urbanrenewal project area.
(10) "Blight study" means a study to determine the existence or nonexistence of blightwithin a survey area as provided in Section 17C-2-301.
(11) "Board" means the governing body of an agency, as provided in Section 17C-1-203.
(12) "Budget hearing" means the public hearing on a draft project area budget requiredunder Subsection 17C-2-201(2)(d) for an urban renewal project area budget or Subsection17C-3-201(2)(d) for an economic development project area budget.
(13) "Combined incremental value" means the combined total of all incremental valuesfrom all urban renewal project areas, except project areas that contain some or all of a militaryinstallation or inactive industrial site, within the agency's boundaries under adopted project areaplans and adopted project area budgets at the time that a project area budget for a new urbanrenewal project area is being considered.
(14) "Community" means a county, city, or town.
(15) "Community development" means development activities within a community,including the encouragement, promotion, or provision of development.
(16) "Economic development" means to promote the creation or retention of public orprivate jobs within the state through:
(a) planning, design, development, construction, rehabilitation, business relocation, orany combination of these, within a community; and
(b) the provision of office, industrial, manufacturing, warehousing, distribution, parking,public, or other facilities, or other improvements that benefit the state or a community.
(17) "Fair share ratio" means the ratio derived by:
(a) for a city or town, comparing the percentage of all housing units within the city ortown that are publicly subsidized income targeted housing units to the percentage of all housingunits within the whole county that are publicly subsidized income targeted housing units; or
(b) for the unincorporated part of a county, comparing the percentage of all housing unitswithin the unincorporated county that are publicly subsidized income targeted housing units tothe percentage of all housing units within the whole county that are publicly subsidized incometargeted housing units.
(18) "Family" has the meaning as defined under regulations of the U.S. Department ofHousing and Urban Development, 24 C.F.R. Section 5.403, as amended or as superseded byreplacement regulations.
(19) "Greenfield" means land not developed beyond agricultural or forestry use.
(20) "Hazardous waste" means any substance defined, regulated, or listed as a hazardoussubstance, hazardous material, hazardous waste, toxic waste, pollutant, contaminant, or toxicsubstance, or identified as hazardous to human health or the environment, under state or federallaw or regulation.
(21) "Housing funds" means the funds allocated in an urban renewal project area budgetunder Section 17C-2-203 for the purposes provided in Subsection 17C-1-412(1).
(22) (a) "Inactive airport site" means land that:
(i) consists of at least 100 acres;
(ii) is occupied by an airport:
(A) (I) that is no longer in operation as an airport; or
(II) (Aa) that is scheduled to be decommissioned; and
(Bb) for which a replacement commercial service airport is under construction; and
(B) that is owned or was formerly owned and operated by a public entity; and
(iii) requires remediation because:
(A) of the presence of hazardous waste or solid waste; or
(B) the site lacks sufficient public infrastructure and facilities, including public roads,electric service, water system, and sewer system, needed to support development of the site.
(b) "Inactive airport site" includes a perimeter of up to 2,500 feet around the landdescribed in Subsection (22)(a).
(23) (a) "Inactive industrial site" means land that:
(i) consists of at least 1,000 acres;
(ii) is occupied by an inactive or abandoned factory, smelter, or other heavy industrialfacility; and
(iii) requires remediation because of the presence of hazardous waste or solid waste.
(b) "Inactive industrial site" includes a perimeter of up to 1,500 feet around the landdescribed in Subsection (23)(a).
(24) "Income targeted housing" means housing to be owned or occupied by a familywhose annual income is at or below 80% of the median annual income for the county in whichthe housing is located.
(25) "Incremental value" means a figure derived by multiplying the marginal value of theproperty located within an urban renewal project area on which tax increment is collected by anumber that represents the percentage of adjusted tax increment from that project area that is paidto the agency.
(26) "Loan fund board" means the Olene Walker Housing Loan Fund Board, establishedunder Title 9, Chapter 4, Part 7, Olene Walker Housing Loan Fund.
(27) "Marginal value" means the difference between actual taxable value and basetaxable value.
(28) "Military installation project area" means a project area or a portion of a project arealocated within a federal military installation ordered closed by the federal Defense BaseRealignment and Closure Commission.
(29) "Plan hearing" means the public hearing on a draft project area plan required underSubsection 17C-2-102(1)(a)(vi) for an urban renewal project area plan, Subsection17C-3-102(1)(d) for an economic development project area plan, and Subsection17C-4-102(1)(d) for a community development project area plan.
(30) "Post-June 30, 1993 project area plan" means a project area plan adopted on or afterJuly 1, 1993, whether or not amended subsequent to its adoption.
(31) "Pre-July 1, 1993 project area plan" means a project area plan adopted before July 1,1993, whether or not amended subsequent to its adoption.
(32) "Private," with respect to real property, means:
(a) not owned by the United States or any agency of the federal government, a publicentity, or any other governmental entity; and
(b) not dedicated to public use.
(33) "Project area" means the geographic area described in a project area plan or draftproject area plan where the urban renewal, economic development, or community development,as the case may be, set forth in the project area plan or draft project area plan takes place or isproposed to take place.
(34) "Project area budget" means a multiyear projection of annual or cumulativerevenues and expenses and other fiscal matters pertaining to a urban renewal or economicdevelopment project area that includes:
(a) the base taxable value of property in the project area;
(b) the projected tax increment expected to be generated within the project area;
(c) the amount of tax increment expected to be shared with other taxing entities;
(d) the amount of tax increment expected to be used to implement the project area plan,including the estimated amount of tax increment to be used for land acquisition, publicimprovements, infrastructure improvements, and loans, grants, or other incentives to private andpublic entities;
(e) the tax increment expected to be used to cover the cost of administering the projectarea plan;
(f) if the area from which tax increment is to be collected is less than the entire projectarea:
(i) the tax identification numbers of the parcels from which tax increment will becollected; or
(ii) a legal description of the portion of the project area from which tax increment will becollected;
(g) for property that the agency owns and expects to sell, the expected total cost of theproperty to the agency and the expected selling price; and
(h) (i) for an urban renewal project area, the information required under Subsection17C-2-201(1)(b); and
(ii) for an economic development project area, the information required under Subsection17C-3-201(1)(b).
(35) "Project area plan" means a written plan under Chapter 2, Part 1, Urban RenewalProject Area Plan, Chapter 3, Part 1, Economic Development Project Area Plan, or Chapter 4,Part 1, Community Development Project Area Plan, as the case may be, that, after its effectivedate, guides and controls the urban renewal, economic development, or community developmentactivities within a project area.
(36) "Property tax" includes privilege tax and each levy on an ad valorem basis ontangible or intangible personal or real property.
(37) "Public entity" means:
(a) the state, including any of its departments or agencies; or
(b) a political subdivision of the state, including a county, city, town, school district,local district, special service district, or interlocal cooperation entity.
(38) "Publicly owned infrastructure and improvements" means water, sewer, stormdrainage, electrical, and other similar systems and lines, streets, roads, curb, gutter, sidewalk,walkways, parking facilities, public transportation facilities, and other facilities, infrastructure,and improvements benefitting the public and to be publicly owned or publicly maintained oroperated.
(39) "Record property owner" or "record owner of property" means the owner of realproperty as shown on the records of the recorder of the county in which the property is locatedand includes a purchaser under a real estate contract if the contract is recorded in the office of therecorder of the county in which the property is located or the purchaser gives written notice of thereal estate contract to the agency.
(40) "Superfund site":
(a) means an area included in the National Priorities List under the ComprehensiveEnvironmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. Sec. 9605; and
(b) includes an area formerly included in the National Priorities List, as described inSubsection (40)(a), but removed from the list following remediation that leaves on site the wastethat caused the area to be included in the National Priorities List.
(41) "Survey area" means an area designated by a survey area resolution for study todetermine whether one or more urban renewal projects within the area are feasible.
(42) "Survey area resolution" means a resolution adopted by the agency board underSubsection 17C-2-101(1)(a) designating a survey area.
(43) "Taxable value" means the value of property as shown on the last equalizedassessment roll as certified by the county assessor.
(44) (a) "Tax increment" means, except as provided in Subsection (44)(b), the differencebetween:
(i) the amount of property tax revenues generated each tax year by all taxing entities fromthe area within a project area designated in the project area plan as the area from which taxincrement is to be collected, using the current assessed value of the property; and
(ii) the amount of property tax revenues that would be generated from that same areausing the base taxable value of the property.
(b) "Tax increment" does not include taxes levied and collected under Section 59-2-1602on or after January 1, 1994 upon the taxable property in the project area unless:
(i) the project area plan was adopted before May 4, 1993, whether or not the project areaplan was subsequently amended; and
(ii) the taxes were pledged to support bond indebtedness or other contractual obligationsof the agency.
(45) "Taxing entity" means a public entity that levies a tax on a parcel or parcels ofproperty located within a community.
(46) "Taxing entity committee" means a committee representing the interests of taxingentities, created as provided in Section 17C-1-402.
(47) "Unincorporated" means not within a city or town.
(48) (a) "Urban renewal" means the development activities under a project area planwithin an urban renewal project area, including:
(i) planning, design, development, demolition, clearance, construction, rehabilitation,environmental remediation, or any combination of these, of part or all of a project area;
(ii) the provision of residential, commercial, industrial, public, or other structures orspaces, including recreational and other facilities incidental or appurtenant to them;
(iii) altering, improving, modernizing, demolishing, reconstructing, or rehabilitating, orany combination of these, existing structures in a project area;
(iv) providing open space, including streets and other public grounds and space aroundbuildings;
(v) providing public or private buildings, infrastructure, structures, and improvements;and
(vi) providing improvements of public or private recreation areas and other publicgrounds.
(b) "Urban renewal" means "redevelopment," as defined under the law in effect before
May 1, 2006, if the context requires.
Amended by Chapter 279, 2010 General Session