Orange County NC Website
30 <br /> by dividing the assessed valuation of the area of the dis- <br /> trict annexed by the assessed valuation of the entire dis- <br /> trict, each such valuation to be fixed as of the date the <br /> annexation ordinance becomes effective. <br /> (c) This section does not apply in any year as to any annexed <br /> area(s)for which the payment calculated under this section as to all <br /> annexation ordinances adopted under this Part by a city during a <br /> particular calendar year does not exceed one hundred dollars <br /> ($100.00). <br /> (d) The city and rural fire department shall jointly present a <br /> payment schedule to the Local Government Commission for ap- <br /> proval and no payment may be made until such schedule is ap- <br /> proved. The Local Government Commission shall approve a pay- <br /> ment schedule agreed upon between the city and the rural fire <br /> department in cases where the assessed valuation of the district <br /> may not readily be determined, if there is a reasonable basis for the <br /> agreement. (1989, c. 598, s. 2.) <br /> Editor's Note.—Session Laws 1989, nances adopted on or after January 1, <br /> c. 598, s. 13 made this section effective 1990. Section 13 further provided that <br /> with respect to all annexation ordi- the act did not affect pending litigation. <br /> A <br />