§ 160A-525 – Certain actions and proceedings validated.
160A-525. Certain actions and proceedings validated. All proceedings, resolutions, ordinances, motions, notices, findings, determinations, and other actions of redevelopment commissions, incorporated cities and towns, governing bodies, and planning boards and commissions, had and taken prior to January 1, 1965, pursuant to or purporting to comply with the Urban Redevelopment Law (G.S. 160A-500 to 160A-526) and […]
§ 160A-526 – Contracts and agreements validated.
160A-526. Contracts and agreements validated. All contracts or agreements of redevelopment commissions heretofore entered into with the federal government or its agencies, and with municipalities or others relating to financial assistance for redevelopment projects in which it was required that loans or advances shall bear an interest rate in excess of six per centum (6%) […]
§ 160A-524 – Inconsistent provisions.
160A-524. Inconsistent provisions. Insofar as the provisions of this Article are inconsistent with the provisions of any other law, the provisions of this Article shall be controlling. (1951, c. 1095, s. 22; 1955, c. 1349; 1957, c. 502, s. 4; 1973, c. 426, s. 75.)
§ 160A-515.1 – Project development financing.
160A-515.1. Project development financing. (a) Authorization. – A city may finance a redevelopment project and any related public improvements with the proceeds of project development financing debt instruments, issued pursuant to Article 6 of Chapter 159 of the General Statutes, together with any other revenues that are available to the city. Before it receives the […]
§ 160A-516 – Issuance of bonds.
160A-516. Issuance of bonds. (a) The commission shall have power to issue bonds from time to time for any of its corporate purposes including the payment of principal and interest upon any advances for surveys and plans for redevelopment projects. The commission shall also have power to issue refunding bonds for the purpose of paying […]
§ 160A-517 – Powers in connection with issuance of bonds.
160A-517. Powers in connection with issuance of bonds. (a) In connection with the issuance of bonds or the incurring of obligations and in order to secure the payment of such bonds or obligations, the commission, in addition to its other powers, shall have power: (1) To pledge all or any part of its gross or […]
§ 160A-518 – Right of obligee.
160A-518. Right of obligee. An obligee of the commission shall have the right in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee: (1) By mandamus, suit, action or proceeding at law or in equity to compel said commission and the commissioners, […]
§ 160A-519 – Cooperation by public bodies.
160A-519. Cooperation by public bodies. (a) For the purpose of aiding and cooperating in the planning, undertaking or carrying out of a redevelopment project located within the area in which it is authorized to act, any public body may, upon such terms, with or without consideration, as it may determine: (1) Dedicate, sell, convey or […]
§ 160A-520 – Grant of funds by community.
160A-520. Grant of funds by community. Any municipality located within the area of operation of a commission may appropriate funds to a commission for the purpose of aiding such commission in carrying out any of its powers and functions under this Article. To obtain funds for this purpose, the municipality may levy taxes and may […]
§ 160A-521 – Records and reports.
160A-521. Records and reports. (a) The books and records of a commission shall at all times be open and subject to inspection by the public. (b) A copy of all bylaws and rules and regulations and amendments thereto adopted by it, from time to time, shall be filed with the city clerk and shall be […]