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Committee introduces RS 32‑716 to add URD dissolution process, fire‑district opt‑out/opt‑in rules and single‑owner extensions
Summary
RS 32‑716 would create a process for cities to initiate dissolution of urban renewal districts (URDs), allow fire districts to opt out where there is no indebtedness, let fire districts opt in for new URDs, and permit single‑owner URDs to extend up to 20 years for manufacturing projects; committee introduced the RS after debate.
The House Revenue and Taxation Committee introduced RS 32‑716 on Friday, a proposal that would add procedures for dissolving urban renewal districts, create opt‑out and opt‑in rules for fire districts, and allow limited single‑owner URDs to be extended up to 20 years to support certain manufacturing projects.
Representative Jason Monks, the sponsor, told the committee the RS is not a complete rewrite of urban renewal law but would provide several targeted changes. First, it would create a process by which a city could notify and work with an urban renewal district (URD) to prepare a plan to dissolve the district, using the same ordinance/resolution process that created it. Second, the bill would enable fire…
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