Orange County NC Website
Browse       Search
12 <br /> then beginning with the effective date of annexation the city shall pay annually a proportionate share <br /> of any payments due on any debt(including principal and interest) relating to facilities or equipment <br /> of the rural fire department, if the debt was existing at the time of submission of the petition for <br /> annexation to the city under this Part. The rural fire department shall make available to the city not <br /> later than 30 days following a written request from the city, information concerning such debt. The <br /> rural fire department forfeits its rights under this section if it fails to make a good faith response <br /> within 45 days following receipt of the written request for information from the city, provided that <br /> the city's written request so states by specific reference to this section. <br /> (b) The annual payments from the city to the rural fire department on such shared debt service shall be <br /> calculated as follows: <br /> (1) The rural fire department shall certify to the city each year the amount that will be <br /> expended for debt service subject to be shared by the city as provided by subsection (a) <br /> of this section; and <br /> (2) The amount determined under subdivision (1) of this subsection shall be multiplied by <br /> the percentage determined by dividing the assessed valuation of the area of the district <br /> annexed by the assessed valuation of the entire district, each such valuation to be fixed <br /> as of the date the annexation ordinance becomes effective. <br /> (c) This section does not apply in any year as to any annexed area(s) for which the payment calculated <br /> under this section as to all annexation ordinances adopted under this Part by a city during a particular calendar <br /> year does not exceed one hundred dollars ($100.00). <br /> (d) The city and rural fire department shall jointly present a payment schedule to the Local Government <br /> Commission for approval and no payment may be made until such schedule is approved. The Local Government <br /> Commission shall approve a payment schedule agreed upon between the city and the rural fire department in <br /> cases where the assessed valuation of the district may not readily be determined, if there is a reasonable basis for <br /> the agreement. (1989, c. 598, s. 2.) <br />