AN ACT CONCERNING PUBLIC-PRIVATE REIMBURSEMENT AGREEMENTS FOR INFRASTRUCTURE DEVELOPMENT BY THE TOWN OF MINT HILL, BY THE CITY OF CONCORD, AND BY THE CITY OF KANNAPOLIS.
Provides that a municipality can enter into reimbursement agreements with private developers and property owners for the design and construction of municipal infrastructure that has been included on the Capital Improvement Plan or similar infrastructure development plan. Sets out what can be considered as municipal infrastructure, including water mains, lift stations, and streets.
Requires municipalities to enact ordinances that set out the procedures and terms under which such agreements can be approved. Provides that payment for such reimbursements can come from any lawful source.
Provides that no agreements pursuant to this act can be considered construction subject to GS Chapter 143, Article 8. Sets out other limitations of the agreements as well as who must comply with requirements relating to public advertising and bid opening requirements.
Applies only to the Town of Mint Hill and the cities of Concord and Kannapolis.
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