(1) Notwithstanding any other provision of this article 31, a county revitalization plan, county revitalization project, or county revitalization area may include incorporated territory that is within the boundaries of a municipality and contiguous to a portion of an urban renewal area located outside of the municipality's boundaries. No such territory shall be included in the plan, project, or area without the consent of the governing body of the municipality exercising jurisdiction over the incorporated territory proposed for inclusion and the consent of each owner of, and each holder of a recorded mortgage or deed of trust encumbering, real property within the incorporated area proposed for inclusion. (2) In addition to the procedures for approval of a proposed county revitalization plan by the county pursuant to section 30-31-109, incorporated territory must only be included in the county revitalization plan, project, or area upon the approval of the governing body of the municipality: (a) Making a determination that the area proposed for inclusion in the county revitalization plan is a revitalization area and designating the area as appropriate for a county revitalization project in the manner provided in section 30-31-109 (1); (b) Referring the county revitalization plan to the planning commission of the municipality for a determination as to the conformity of the county revitalization plan with the general plan for development for the municipality in the manner provided in section 30-31-109 (2); (c) Conducting a public hearing and making findings and a determination to approve inclusion of the incorporated territory in the county revitalization plan, project, or area in the manner provided in section 30-31-109 (5)(a), (5)(b)(I) through (5)(b)(IV), (5)(c), (5)(d), (6), (8), and (9); (d) Making an additional finding that each owner of, and each holder of a recorded mortgage or deed of trust encumbering, real property in the incorporated territory proposed for inclusion in the county revitalization plan, project, or area consents to the inclusion; and (e) Determining whether the incorporated territory must be included in any provision for the division of taxes in the county revitalization area as authorized by section 30-31-109 (13), and, if so determined, notifying the county assessor of such inclusion as required by section 30- 31-109 (15). (4) Any county revitalization plan approved in accordance with this section may be modified as provided in section 30-31-109 (10); except that a modification must be approved by the governing body of the municipality, the county, and the authority. (5) An authority, a county, and a municipality may, consistent with the requirements of this section, enter into an intergovernmental agreement to further effectuate the purposes of this section and to provide for the inclusion of incorporated territory in a county revitalization area. (6) This section does not apply to the inclusion of territory in a county revitalization area as a result of annexation.
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