404.7 Repeal of ordinance.
When in the opinion of the governing body of a city or county the desired level of revitalization has been attained or economic conditions are such that the continuation of the exemption granted by this chapter would cease to be of benefit to the city or county, the governing body may repeal the ordinance establishing a revitalization area. In that event, all existing exemptions shall continue until their expiration.
[C81, §404.7]
91 Acts, ch 214, §11
Referred to in §419.17
Structure Iowa Code
Chapter 404 - URBAN REVITALIZATION TAX EXEMPTIONS
Section 404.1 - Area established by city or county.
Section 404.2 - Conditions mandatory.
Section 404.3 - Basis of tax exemption.
Section 404.3A - Residential development area exemption.
Section 404.3B - Abandoned real property exemption.
Section 404.4 - Prior approval of eligibility.
Section 404.5 - Physical review of property by assessor.