Part II. SPECIAL ACTS RELATING TO THE CITY

Art. 53. - Sale of property by the city.

Latest version.

The General Assembly of North Carolina enacts:

Section 1. Notwithstanding any other provisions of law, the City of Sanford is authorized to sell property pursuant to the negotiated offer and upset bid procedure set forth in G.S. 160A-269 subject to specified restrictions on the development of the property, which restrictions shall be included as part of the negotiated offer and shall be binding upon the ultimate purchaser of the property, whether the original offeror or an upset bidder.

Sec. 2. This act is effective upon ratification.

In the General Assembly read three times and ratified this the 6th day of April, 1989.

(Session Laws of 1989, chapter 45)

                    
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