Existing law authorizes a legislative body to: (1) adopt by ordinance a redevelopment plan as the official redevelopment plan for a redevelopment area; and (2) amend the existing redevelopment plan, including the addition of one or more areas to the redevelopment area. (NRS 279.586, 279.608) Existing law prohibits the removal of an area from a redevelopment area by amendment. (NRS 279.608) Section 1 of this bill authorizes a legislative body of a city whose population is less than 25,000 to amend a redevelopment plan to remove an area from the redevelopment area if the legislative body determines following a public hearing that: (1) the removal will not impair adversely any outstanding bonds or securities; (2) the area that will be removed consists primarily of single-family residential dwellings or multi-family residential dwellings of three stories or less, or both; and (3) the removal is necessary or desirable because it is in the public interest for the property tax revenue collected from the area that will be removed to be distributed in the same manner as property tax revenue is distributed outside the redevelopment area. Under section 2 of this bill, a legislative body is prohibited from amending a redevelopment plan to remove such an area from a redevelopment area if the removal would impair adversely outstanding obligations of any political subdivision of this State or any other public entity.

Statutes affected:
As Introduced: 279.608
Reprint 1: 279.608
Reprint 2: 279.608
As Enrolled: 279.608
BDR: 279.608