SB 908 — Airport Economic Development Act.

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2021 S 21 SENATE BILL 908 State and Local Government Committee Substitute Adopted 6/22/22 Short Title:

Senator Jarvis (Primary Sponsor).

Rules and Operations of the Senate June 1, 2022 A BILL TO BE ENTITLED AN ACT TO REMOVE THE DAVIDSON COUNTY AIRPORT FROM THE CORPORATE LIMITS OF THE CITY OF LEXINGTON AND TO REQUIRE THE DAVIDSON COUNTY AIRPORT AUTHORITY TO PURCHASE CERTAIN DESCRIBED PROPERTY FROM THE CITY OF LEXINGTON.

SECTION 1.(a)1. The following described property, being the Davidson County Airport, is removed from the corporate limits of the City of Lexington:

The following described property, being the Davidson CountyAirport, is removed from the corporate limits of the City of Lexington:

thence South 18°22'14" *S908-v-2* General Assembly Of North Carolina Session 2021 West, a distance of 88.22 feet;

thence South 05°15'17" East, a distance of 88.27 *S908-v-1* General Assembly Of North Carolina Session 2021 feet;

running thence South 80°00'00" East, a Page 2 Senate Bill 908-Second Edition General Assembly Of North Carolina Session 2021 distance of 175.00 feet;

thence North 05°00'00" East, a distance of 175.00 feet Page 2 Senate Bill 908-First Edition General Assembly Of North Carolina Session 2021 to the POINT OF BEGINNING, containing 0.700 acres, more or less and being Lots 9,10,11,12,13,14 and 15 as shown on plat of "Sherman Acres" recorded in the Office of the Register of Deeds for Davidson County in Plat Book 12, page 34, and further being Lexington Township, Tax Map 349A, Lots 9-15.

thence from said beginningcornerwiththebeginningcornerwiththerightofwayofHargrave rightofwayofHargrave RoadNorth01degrees07minutes33seconds East 281.53 feet to an existingiron, cornerto Charlie L.

Beck(DeedBeck (Deed Book 320,Page244);thence320, Page244);thence with Beck's line South 85 degrees 17 minutes 00 seconds East 387.46 feet to an existing iron, cornerto Davidson CountyAirportAuthority(DeedBook 947, Page755);thencewith theairport line South 85 degrees 04 minutes 03 seconds East 199.55 feet to an iron, corner to Davidson County Airport Authority (Deed Book 960, Page 1401);

thence with the right of way of Clyde Fitzgerald Road the following two (2) courses and Senate Bill 908-Second Edition Page 3 General Assembly Of North Carolina Session 2021 distances:

a curve to the right with a chord bearing and length of North 79° 52' 27" West 76.26 feet along a radius of 1105.92 feet and an arc length of 76.27 feet to a concrete right of way Senate Bill 908-First Edition Page 3 General Assembly Of North Carolina Session 2021 monument;

SECTION 1.(b)2. This section has no effect upon the validity of any liens of the City of Lexington for ad valorem taxes or special assessments outstanding before the effective date of this section.

SuchThis liensact maybehas collectedno oreffect foreclosed upon after the effectivevalidity dateof any liens of thisthe sectionCity asof thoughLexington thefor propertyad werevalorem stilltaxes withinor thespecial corporateassessments limitsoutstanding ofbefore the Cityeffective date of Lexington.this act.

SECTIONSuch 1.(c)liens Thismay sectionbe becomescollected or foreclosed upon after the effective Junedate 30,of 2022.this act as though the property were still within the corporate limits of the City of Lexington.

Property in the territory described in Section 1(a) of this act as of January 1, 2022, is no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2022.

SECTION 2.(a) The Davidson County Airport Authority shall purchase, and the City of Lexington shall sell to the Davidson County Airport Authority, the fire station building and equipment located at 285 Hargrave Road, Lexington, N.C., as noted on Card 16 of 16 of the Property Card for Davidson County Tax Office Parcel ID 11-349-0-000-0020, for two million dollars ($2,000,000).

SECTION 2.(b) The sale required by this section shall be completed no later than December 31, 2022.

ExceptThis as otherwise provided, this act isbecomes effective whenJune it30, becomes2022. law.

PageProperty 4in Senatethe Billterritory 908-Seconddescribed Editionin Section 1 of this act as of January 1, 2022, is no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2022.

Page 4 Senate Bill 908-First Edition