GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2015

SESSION LAW 2015-130

HOUSE BILL 322

AN ACT granting authority to the town of Morrisville to require developers of multifamily units to provide funds for recreational land to serve multifamily developments.

The General Assembly of North Carolina enacts:

SECTION 1.(a)  Section 1 of S.L. 2007‑321 reads as rewritten:

"SECTION 1.  The town Towns of Cary and Morrisville may, by ordinance, provide that a developer of multifamily units that are not subject to the subdivision ordinance shall provide funds to the town whereby the town may acquire recreational land or areas to serve the multifamily development, including the purchase of land that may be used to serve more than one multifamily development or residential subdivision within the immediate area. All funds received by the town pursuant to this section may be combined with funds received from residential subdivisions under G.S. 160A‑372, and shall be used only for the acquisition or development of recreation, park, or open space sites. Any formula enacted to determine the amount of funds that are to be provided under this section shall be based on a flat fee per unit. The ordinance may allow a combination or partial payment of funds and partial dedication of land when the town council determines that this combination is in the best interests of the citizens of the area to be served."

SECTION 1.(b)  Section 2 of S.L. 2007‑321 reads as rewritten:

"SECTION 2.  This act applies to the town Towns of Cary and Morrisville only."

SECTION 2.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 30^th day of June, 2015.

                                                    s/  Daniel J. Forest

                                                         President of the Senate

                                                    s/  Tim Moore

                                                         Speaker of the House of Representatives