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public body TAXING ENTITY as described in paragraph(a)of this subsection <br /> (9.5),the municipal governing body AUTHORITY and any applicable public <br /> body TAXING ENTITY are subject to the provisions and limitations of <br /> paragraph (d) of this subsection (9.5). <br /> (d) (I) In an absence of an agreement between the municipality <br /> AUTHORITY and any taxing entity as described in paragraph (a) of this <br /> subsection (9.5), the parties must submit to mediation on the issue of <br /> appropriate allocation of SHARING OF INCREMENTAL PROPERTY TAX <br /> REVENUES AND urban renewal project costs among the municipality <br /> AUTHORITY and all other ANY SUCH taxing entities whose taxes <br /> INCREMENTAL PROPERTY TAX REVENUES will be allocated pursuant to an <br /> urban renewal plan AND WITH WHOM AN INTERGOVERNMENTAL <br /> AGREEMENT WITH THE AUTHORITY HAS NOT BEEN REACHED. <br /> (II) THE MEDIATION REQUIRED BY SUBPARAGRAPH (I) OF THIS <br /> PARAGRAPH (d) MUST BE CONDUCTED BY A MEDIATOR WHO HAS BEEN <br /> JOINTLY SELECTED BY THE PARTIES; EXCEPT THAT, IF THE PARTIES ARE <br /> UNABLE TO AGREE ON THE SELECTION OF A MEDIATOR, THEN THE <br /> AUTHORITY SHALL SELECT ONE MEDIATOR, THE OTHER PARTIES SHALL <br /> SELECT A SECOND MEDIATOR, AND THESE TWO MEDIATORS SHALL THEN <br /> SELECT A THIRD MEDIATOR.IN SUCH CIRCUMSTANCES,THE MEDIATION WILL <br /> BE JOINTLY CONDUCTED BY THE THREE MEDIATORS. UNLESS ALL PARTIES <br /> OTHERWISE AGREE, ANY MEDIATOR SELECTED PURSUANT TO THIS <br /> PARAGRAPH (d) MUST BE AN ATTORNEY LICENSED IN THE STATE FOR AT <br /> LEAST TEN YEARS AND MUST BE EXPERIENCED IN BOTH LAND USE AND <br /> ADMINISTRATIVE LAW. PAYMENT OF THE FEES AND COSTS FOR THE <br /> MEDIATION MUST BE SPLIT EQUALLY BETWEEN OR AMONG THE PARTIES. <br /> (III) In making a determination of the appropriate allocation <br /> SHARING, the mediator must consider the nature of the project, the nature <br /> and relative size of the revenue and other benefits that are expected to <br /> accrue to the municipality and other taxing entities as a result of the project, <br /> any legal limitations on the use of revenues belonging to the municipality <br /> AUTHORITY or any taxing entity, and any capital or operating costs that are <br /> expected to result from the project. Within ninety days, the mediator must <br /> issue his or her findings of fact as to the appropriate allocation SHARING of <br /> costs and INCREMENTAL PROPERTY TAX REVENUES, AND shall promptly <br /> transmit such information to the parties. The municipality may agree to the <br /> mediator's findings by including in the urban renewal plan provisions that <br /> PAGE 3-SENATE BILL 16-177 <br />