CHAPTER 17

FORMERLY

HOUSE BILL NO. 81

AS AMENDED BY

HOUSE AMENDMENT NO. 1

AN ACT TO AMEND THE CHARTER OF THE TOWN OF LAUREL, CHAPTER 288, VOLUME 64, LAWS OF DELAWARE, AS AMENDED, TO ADD A NEW SECTION 36A, TO PROVIDE FOR MUNICIPAL TAX INCREMENT FINANCING AND TO PROVIDE FOR MUNICIPAL SPECIAL DEVELOPMENT DISTRICTS AND TO PROVIDE IN SECTION 15 FOR AN EXCEPTION TO COMPETITIVE BIDDING FOR CERTAIN CONTRACTS IN CONNECTION WITH MUNICIPAL TAX INCREMENT FINANCING AND MUNICIPAL DEVELOPMENT DISTRICTS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each house thereof concurring therein):

Section 1. Amend the Charter of the Town of Laurel, Chapter 288, Volume 64, Laws of Delaware, as amended, by adding a new Section to be designated “36A” as follows:

“36A. Tax Increment Financing and Special Development Districts.

In addition to all other powers the Town Council of the Town of Laurel may have, and notwithstanding any limitation of law, the Town Council of the Town of Laurel shall have all powers and may undertake all actions for the purposes set forth in, and in accordance with Chapter 17, Title 22 of the Delaware Code relating to the Municipal Tax Increment Financing Act and Chapter 18 relating to Special Development Districts.”.

Section 2. Amend Section 15, Contracts, by adding a new subsection “(c)” at the end of Section 15 to read as follows:

(c) Notwithstanding the foregoing provisions of this Section 15 and without complying with the competitive bidding procedures described above, the Town Council of the Town of Laurel may enter into any contract necessary or desirable in connection with a special development district or tax increment financing district created or designated by the Town Council of the Town of Laurel pursuant to Section 36A hereof, except a contract in which the Town Council of the Town of Laurel is directly contracting for the procurement of the labor and/or materials for public improvements for the benefit of such district; provided, further, that the foregoing exception shall not apply to development, public works or similar type contracts between the Town Council of the Town of Laurel and an owner of real property in such district when the contract is generally for the transfer by the owner to the Town Council of the Town of Laurel of the work performed and the cost of labor and/or materials provided by such owner for the benefit of such district.”

Approved May 10, 2007