This bill amends section 18-2155 of the Revised Statutes Cumulative Supplement, 2024, to modify the eligibility criteria for expedited reviews of redevelopment plans under the Community Development Law. Notably, the bill changes the minimum age requirement for existing structures and lots from sixty years to twenty-five years. Additionally, it specifies that redevelopment plans can now include vacant platted lots or nonconforming lots of record, which must also meet the twenty-five-year requirement. The bill maintains the requirement that the redevelopment project must be located in a county with a population of less than one hundred thousand and sets specific assessed value limits for different types of redevelopment projects.

Furthermore, the bill outlines the expedited review process, which includes the preparation of a standard form by the redeveloper, submission of the plan to the governing body, and a decision on approval or denial within thirty days. It allows cities to establish an annual limit on the number of redevelopment plans that can be approved and provides guidelines for financing these projects through tax divisions. The original section 18-2155 is repealed, indicating that the new provisions will replace the previous law.

Statutes affected:
Introduced: 18-2155