(A) There is hereby established an Uninsured Claims and Judgments Trust Fund for the purpose of providing a funded reserve to pay uninsured claims and judgments sought or entered against the town, town officers and employees. All claims, judgments and expenses related thereto shall be paid from this Fund only in accordance with procedures and uniform standards established by the Town Council. This Fund is established as a trust and agency fund in accordance with G.S. § 159-13(a)(3) and may receive contributions from other funds of the town pursuant to appropriations set by Town Council.
(B) Funds in the amount of $40,000 are hereby appropriated to a new General Fund non-departmental account, Contribution to Civil Claims and Judgments Trust Fund, from the following sources:
Transfer From | Amount |
Unappropriated General Fund Balance | $40,000 |
(C) The Finance Officer is hereby authorized to transfer these funds to the Civil Claims and Judgments Trust Fund.
(1989 Code, Title VI, Ch. 77)
OCCUPANCY TAX REGISTRATION REGULATIONS
For purposes of this subchapter the following definitions shall apply unless the context clearly indicates or requires a different meaning.
OCCUPANCY TAX. The tax levied by the town pursuant to North Carolina Session Law 2001-434, and such other acts related thereto as the North Carolina General Assembly may enact.
RESIDENTIAL VACATION RENTAL. The rental of any room, lodging, or similar accommodation for a period of less than 90 consecutive days.
SHORT TERM RENTAL. See RESIDENTIAL VACATION RENTAL.
(Res. 2018-02, passed 3-13-2018; Ord. 2024-0113, passed 5-14-2024)
All persons, firms, owners, and property managers shall be required to register residential vacation rental property with the town Tax Administrator. The town shall provide forms which shall be completed in full and shall include the name and address of the property owner, the physical address of the property, the name and address of the property manager (if any), federal tax identification number, and such other information as deemed appropriate by the town Tax Administrator.
(Res. 2018-02, passed 3-13-2018; Ord. 2024-0113, passed 5-14-2024)