GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
S	1
SENATE BILL 623

 
 
Short Title:	Clayton Annexations.	()	
Sponsors:	Senator Wellons.	
Referred to:	Finance.	
March 22, 2001

A BILL TO BE ENTITLED
AN ACT to authorize the town of clayton to enter into agreements for payments in lieu of annexation.

The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding any applicable provision of the General Statutes or any other public or local law, the Town of Clayton is granted certain contract powers as follows:
(1)	The Town of Clayton may, by individual and specific agreements, provide that certain property described in Section 4 of this act may not be involuntarily annexed by the Town prior to December 30, 2006, under the General Statutes as they now exist or may be subsequently amended. The Town of Clayton shall not seek to repeal this act upon its approval by the General Assembly. Nothing in this act impairs the right of the General Assembly to annex any such property by special local act.
(2)	Any agreements entered into as provided in subdivision (1) of this section are deemed by this section to be proprietary and commercial in nature and are specifically determined to be consistent with the public policy of the State of North Carolina.
(3)	Any agreements entered into as provided in subdivision (1) of this section are continuing agreements and are binding on and enforceable against the current and future members of the Town Council of the Town of Clayton during the full term of the agreements and any extensions thereof.
(4)	The parties to any agreements entered into as provided in subdivision (1) of this section are authorized by this section to modify, amend, and extend the agreements on mutual written consent, without the approval of the General Assembly, provided that any modification or amendment does not materially alter the concept of the agreements.
SECTION 2.  The Town of Clayton may accept, as consideration for the agreements, "Payments in lieu of taxes."
SECTION 3.  Payments in lieu of taxes under this act shall be annually computed based upon the tax assessment of the relevant and designated tracts, including improvements, as determined by the Johnston County Tax Assessor's Office, with the formula for making the computation being stated in the agreement referenced under Section 1 of this act.
SECTION 4.  The agreements under Section 1 of this act shall apply to the following described properties:

Tax Parcel Number			Owner				Acreage
05I04002A				Caterpillar, Inc.		145.53
05I05001D				Cutter Labs. % Bayer	58.91
05I05001E				Bayer Corp.			54.65
05I05001F				Bayer Corp.			72.75
05E99010H				Novo Nordisk		8.27
05I05008A				Novo Nordisk		202.87
05E99010G				Novo Nordisk		46.95
SECTION 5.  This act is effective when it becomes law.