2006 Utah Code - 17C-1-204 — Urban renewal, economic development, and community development by an adjoining agency -- Requirements.

     17C-1-204.   Urban renewal, economic development, and community development by an adjoining agency -- Requirements.
     (1) An agency or community may, by resolution of its board or legislative body, respectively, authorize an agency to conduct urban renewal, economic development, or community development activities in a project area that includes an area within the authorizing agency's boundaries or within the boundaries of the authorizing community if the project area or community is contiguous to the boundaries of the other agency.
     (2) If an agency board or community legislative body adopts a resolution under Subsection (1) authorizing another agency to undertake urban renewal, economic development, or community development activities in the authorizing agency's project area or within the boundaries of the authorizing community:
     (a) the other agency may act in all respects as if the project area were within its own boundaries;
     (b) the board of the other agency has all the rights, powers, and privileges with respect to the project area as if it were within its own boundaries; and
     (c) the other agency may be paid tax increment funds to the same extent as if the project area were within its own boundaries.
     (3) Each project area plan approved by the other agency for the project area that is the subject of a resolution under Subsection (1) shall be adopted by ordinance of the legislative body of the community in which the project area is located.

Renumbered and Amended by Chapter 359, 2006 General Session