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GENERAL ASSEMBLY OF NORTH CAROLINA 13 <br /> SESSION 1985 <br /> RATIFIED BILL <br /> CHAPTER 357 <br /> HOUSE BILL 690 <br /> AN ACT CONCERNING LOCAL BATTERS IN ORANGE AND CHATHAM COUNTIES. <br /> The General Assembly of North Carolina enacts : <br /> Section 1 . . Chapter 660 of the Session Laws of 1969 (the <br /> Carrboro Town Charter) is amended by adding a new section to <br /> read : <br /> "Sec. 5. 05. Off-Street Parkinq Fund. The Board of Aldermen <br /> may establish a fund into which payments from individual firms , <br /> persons, corporations , or property owners shall be deposited for <br /> the purpose of providing off-street parking facilities, and from <br /> which appropriations shall be made exclusively for the purpose of <br /> organizing, establishing, developing , or enlarging off-street <br /> parking facilities within the Town. . The Board of Aldermen nay <br /> provide in its land use ordinance that all developers must either <br /> provide adequate off-street parkinq (on site or off site) tc <br /> serve their developments, or pay a fee to the Town' s off-street <br /> parking facilities fund based on the number of required parking <br /> spaces not provided. " _ <br /> Sec. 2. Chapter 660 of the Session Laws of 1969 (the <br /> Carrboro Town Charter) is amended by adding a new Article to <br /> Chapter V, Subchapter E, to read : <br /> "ARTICLE 4. IMPACT FEES. <br /> "Sec . 5. 131 . Impact. Fees Authorized. (a) The Board of <br /> AIdcI:m(III may provLid(` by oI.'(li1)aI1(:o for-7 a r;rtem of impact fees to <br /> be paid by developers to help defray the costs to the town of <br /> constructing certain capital improvements, the need for which is <br /> created in substantial part by the new development that takes <br /> place within the town and - its extraterritorial planning area. <br /> (b) For purposes of this Article , the term capital <br /> improvements includes capital improvements to public streets, <br /> bridges, sidewalks, bikeways , and on and off street surface water <br /> drainage ditches, pipes, culverts, and other drainage facilities. <br /> (c) An ordinance adopted under this Article may be made <br /> applicable to all development that occurs within the town and its <br /> extraterritorial planning area, as established by local act or <br /> pursuant to the procedures set forth in G. S. _ 160A-360. . <br /> (d) The town may, with the approval of the Orange County Board <br /> of Commissioners , construct capital improvements outside the town <br /> limits but within the towns extraterritorial planning area and <br /> may cooperate with the State in the construction of capital <br /> improvements to State highway system streets within this area as <br /> well as within the town. <br /> 11 Sec. 5. 132. . Amount of Fees. (a) In establishing the amount <br /> of any impact fee, the town shall endeavor to approach the <br /> objective of having every development contribute to a capital <br /> improvements fund an amount of revenue that bears a reasonable <br /> relationship to that development 's fair share of the costs of the <br /> capital improvements that arc- needed in part because of that <br />