Agenda - 04-18-1989 - Laserfiche WebLink

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• I (b) The District may not adopt an ordinance pursuant to this act if any ordinance adopted pursuant to Section 2 of Chapter 357 of the 1985 . Session Laws (Carrboro), Section 1 of Chapter 936 of the 1985 Session Laws (Chapel Hill), or Sections 17-18.1 of Chapter 460 of the 1987 Session Laws (Orange County) is in effect. Section 5. The purpose of the tax authorized by this act is to generate funds to partially offset the cost of constructing new capital facilities or replacing, expanding or improving existing capital facilities necessitated in part by new growth within the county. Accordingly, the net proceeds generated by the tax authorized by this act and distributed pursuant to Section 8 to orange County; Chanel Hill . or Carrboro, respectively, shall be deposited by each local government in its capital resrve Chapter 159 of the tGeneral oStatutes eand bmay hbe under expended only as of a f llows: P (1) . Orange County may expend these funds to the extent otherwise authorized by law on capital improvements projects related to schools, libraries, stormwater drainage, open space, and recreation, and on emergency and public safety facilities, including jails. (2) The Town of Chapel Hill and the Town of Carrboro may expend these funds on capital improvements related to roads and other transportation systems, stormwater drainage, open space and recreation, and police and fire stations. The funds may be. spent by each'municipality only for improvements that are located within, the corporate limits of that municipality or within its extra-territorial planning jurisdiction or transition area(s) as established under a joint planning agreement with Orange County, except that Chapel Hill and Carrboro may by agreement expend funds on joint projects that transcend each other's jurisdictional boundaries, such as road or drainage improvement projects. Section 6. An ordinance adopted under this act shall provide that: (1) A person responsible for the impact of land development shall pay an tax f or each square uar e foot of dwelling space ace and - co mnercial building enclosed floor space for which a n occupancy permit is issued or, if no such permit is issued, for each square foot of dwelling space in an occupied dwelling and for each square foot of occupied enclosed floor space in a commercial building. (2) The tax shall be due on or before the date an occupancy permit is initially issued for the dwelling unit or commercial building enclosed floor space in question or, if no such permit is issued, . the date such dwelling unit or commercial floor space is initial] occupied. However, no tax due shall be considered delinquent until sixty (60) days after the tax becomes due. There shall be added to delinquent taxes interest at the legal rate.