1. Cities may also issue revenue bonds for projects located within a qualified urban renewal area or an area designated a revitalization area pursuant to sections 404.1 through 404.7. The revenue bonds shall be issued pursuant to the provisions of this chapter and all provisions of this chapter shall apply, except that:

 a. The term “project” as defined in section 419.1 includes land, buildings, or improvements which are suitable for use as residential property or for the use of a commercial enterprise or nonprofit organization which the governing body finds is consistent with the urban renewal plan for a qualified urban renewal area or the revitalization plan, as the case may be.
 b. The provisions of section 419.14 shall not apply to projects within a qualified urban renewal area.

Terms Used In Iowa Code 419.17

  • Governing body: means the board, council or other body in which the legislative powers of the municipality are vested. See Iowa Code 419.1
  • improvements: include any real property, personal property or mixed property of any and every kind that can be used or that will be useful in connection with a project, including but not limited to rights-of-way, roads, streets, sidings, trackage, foundations, tanks, structures, pipes, pipelines, reservoirs, utilities, materials, equipment, fixtures, machinery, furniture, furnishings, improvements, instrumentalities and other real, personal, or mixed property of every kind, whether above or below ground level. See Iowa Code 419.1
  • property: includes personal and real property. See Iowa Code 4.1
 2. The power to issue revenue bonds pursuant to this section is in addition to other powers granted cities to aid qualified urban renewal areas and revitalization areas.
 3. The term “qualified urban renewal area” means an urban renewal area designated as such pursuant to chapter 403 before July 1, 1979.
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