Bill > S203

This bill expands the City of Wilmington's authority to sell, exchange, or transfer real property by removing specific statutory references and providing more flexible guidelines for property conveyances. The legislation allows the City Council to sell property through public or private sales in ways that further the city's adopted policies and plans, with the ability to attach covenants, conditions, or restrictions to the transferred property. The bill introduces a formal process requiring public notice at least 10 days before the City Council considers a property transaction, mandating that the notice describe the property, the nature of the interest being conveyed, and the material terms of the proposed transaction. The new provisions enable the City Council to consider bids or proposals that include detailed development plans and allow property sales to be contingent on rezoning. Notably, the bill emphasizes that these new powers are additional to, and do not limit, the city's existing legal authorities for property transactions. The changes provide the City of Wilmington with more discretion and flexibility in managing and transferring real property while maintaining transparency through public notification requirements.

Government Affairs

https://www.ncleg.gov/BillLookUp/2025/S203