AN ACT TO ADD CERTAIN DESCRIBED PROPERTY TO THE CORPORATE LIMITS OF THE TOWN OF INDIAN BEACH AND TO AMEND THE CHARTER OF THE TOWN OF MOREHEAD CITY.
Senate committee substitute replaces the blank bill as follows:
Annexes property into Indian Beach as new long title indicates. Describes the territory to be annexed by metes and bounds.
Designates annexed property as being in the Town's General Business District (B-1) zone.
Deems all structures on the annexed property on June 30, 2017, to be conforming with the Town's land use ordinances, and authorizes repair, restoration, or rebuilding at any time after that date, unless refraining from doing so is required to maintain eligibility for participation in the National Flood Insurance Program.
Repeals Article 8 of the Morehead City Charter (Finance and Taxation), effective when the bill becomes law.
Except as otherwise stated, effective June 30, 2017. Annexed property is subject to municipal taxes for taxable years beginning on or after July 1, 2017.
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