Agenda - 03-06-1991 - Laserfiche WebLink

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(3) Taxes authorized by this Part may be collected pursuant to G.S. 153A -147 or G.S. 160A --207. In addition. taxes authorized by this Part may be recovered in a civil ac- tion in the nature of debt including an award of reasonable attorney fees as part of costs. Section 7. The governing body of the District, after con- sultation with Orange County, the Town of Carrboro and the Town of Chapel Hill, shall establish annually at the time of the adoption of the annual budget of Orange County the tax rate to be levied per square foot of dwelling space and per square foot of commercial building enclosed floor space for the ensuing fiscal year. Different tax rates may be established for different types of commercial construction. I Section 8. As soon as reasonably practicable after the close of each quarter of the fiscal year, the District shall distribute to Chapel Hill and Carrboro the net proceeds of the tax received by the District based upon development that has taken place within each respective municipality's corporate limits, extra - territorial planning jurisdiction and transition area(s), as established in joint planning agreements. The remainder of the net proceeds, plus the cost incurred by Orange County in collecting and administering the tax, shall be remitted to Orange County. As used in this Part, the term "net proceeds" means the gross proceeds of the tax less the cost to the county of collection and administering the tax. Section 4. The boundaries of the District may be expanded to include portions of Orange County within the corporate limits of C3 J