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~; i ~ ~_ ~•~ MINUTES ORANGE COUNTY BOARD OF COMMISSIONERS CONTINUED MEETING FROM APRIL 6, 1987 HELD APRIL 15, 1987 ----o The orange County Board of~Commissioners met to continue the meeting from April 6, 1987 on April 15, 1987, 11:00 a.m. in the Board of Commissioners Room, Orange County Courthouse, Hillsborough, North Carolina. BOARD MEMBERS - PRESENT: Chair Shirley E. Marshall and Commissioners Moses Carey, Stephen Halkiotis, John Hartwell and Don Willhoit. ATTORNEY PRESENT: Geoffrey Gledhill. STAFF PRESENT: County Manager Kenneth R. Thompson, Assistant County Managers Albert Kittrell and Bill Laws, Finance Director Gordon Baker, Clerk to the Board Beverly A. Blythe, Deputy Finance Officer Ken Chavious,and Tax Supervisor Kermit Lloyd. PUBLIC CHARGE Chair Shirley Marshall read the Public Charge as stated on the agenda facesheet. LOCAL LEGISLATION TRANSFER TAX LEGISLATION (A complete copy of the proposed legislation is in the permanent agenda file in the Clerk's Office). Geoffrey Gledhill reviewed the changes as requested by the Board members on April 6. They are as follows: (1) The election to exempt from the tax imposed an amount up to $50,000 which is an arbitrary figure. This would be .determined annually by resolution. (2) To exempt from the tax an interest in real property to a not-for-profit organization. He addressed concerns with this provision in a letter to the Board dated April Y0. (3) The composition of the Land Transfer Tax Appeals Board in case there is an election by a municipality not to participate in the distribution of the tax money. (4) A clause which indicates that the proceeds can only be used for capital expenditures for which the local government that gets the money is authorized by law to use the funds. (5) Municipality opt out provision. It was agreed that this provision should be an opt in provision whereby a municipality may, by resolution, elect to receive their ~~ distributed share. Gledhill distributed with the bill a chart showing each of the methods for distribution that were discussed at the Board's April 6 meeting. Commissioner Hartwell commented that the bill will be difficult to pass. He suggested putting a $50,000 floor which could not be changed without legislative action. He proposed deleting from the bill the not-for-profit organizations exemption and the Board members agreed. Commissioner Willhoit stated support for the bill because of the money it will generate to meet the needs of the County. To put a dollar figure in the bill is inappropriate and to raise or lower that figure would necessitate a legislative action. Maximum flexibility is important so that the County can make the decision on the amount of the floor.