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allocate municipal and incremental tax revenues of taxing bodics in <br /> accordance with the cost allocations determined by the mediator or by <br /> cntc rgavcrn ental agrccmm c =in entity <br /> providing an alternative cost allocation methodology. WITH RESPECT TO <br /> THE USE OF INCREMENTAL PROPERTY TAX REVENUES OF EACH OTHER <br /> TAXING ENTITY,FOLLOWING THE ISSUANCE OF FINDINGS BY THE MEDIATOR, <br /> THE GOVERNING BODY OF THE MUNICIPALITY SHALL: <br /> (A) INCORPORATE THE MEDIATOR'S FINDINGS ON THE USE OF <br /> INCREMENTAL PROPERTY TAX REVENUES OF ANY TAXING BODY INTO THE <br /> URBAN RENEWAL PLAN AND PROCEED TO ADOPT THE PLAN; <br /> (B) AMEND THE URBAN RENEWAL PLAN TO DELETE AUTHORIZATION <br /> OF THE USE OF THE INCREMENTAL PROPERTY TAX REVENUES OF ANY TAXING <br /> BODY WITH WHOM AN AGREEMENT HAS NOT BEEN REACHED; OR <br /> (C) DIRECT THE AUTHORITY TO EITHER INCORPORATE THE <br /> MEDIATOR'S FINDINGS INTO ONE OR MORE INTERGOVERNMENTAL <br /> AGREEMENTS WITH OTHER TAXING ENTITIES OR TO ENTER INTO NEW <br /> NEGOTIATIONS WITH ONE OR MORE TAXING ENTITIES AND TO ENTER INTO <br /> ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH SUCH TAXING <br /> ENTITIES THAT INCORPORATE SUCH NEW OR DIFFERENT PROVISIONS <br /> CONCERNING THE SHARING OF COSTS AND INCREMENTAL PROPERTY TAX <br /> REVENUES WITH WHICH THE PARTIES ARE IN AGREEMENT. <br /> (e) Notwithstanding any other provision of law, no payments <br /> INCREMENTAL PROPERTY TAX REVENUES may be made ALLOCATED AND <br /> PAID into the special fund of the authority in accordance with subparagraph <br /> (II)of paragraph(a)of subsection(9)of this section unless the municipality <br /> or the authority has satisfied the requirements of this subsection (9.5). <br /> {-e) (f) Notwithstanding any other provision of this section, a city <br /> and county is not required to reach an agreement with a county satisfying <br /> the requirements of this subsection (9.5). <br /> (g) FOR PURPOSES OF THIS SUBSECTION (9.5), "TAXING ENTITY" <br /> MEANS ANY COUNTY, SPECIAL DISTRICT, OR OTHER PUBLIC BODY THAT <br /> LEVIES AN AD VALOREM PROPERTY TAX ON PROPERTY WITHIN THE URBAN <br /> RENEWAL AREA SUBJECT TO A TAX ALLOCATION PROVISION. <br /> PAGE 4-SENATE BILL 16-177 <br />