GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2003
SESSION LAW 2003-66
HOUSE BILL 1065
AN ACT to modify the authority and procedure for a redevelopment commission to convey certain property in a designated redevelopment area.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 160A-514(c) reads as rewritten:
"(c)
A commission may sell, exchange, or otherwise transfer the fee or any lesser
interest in real property in a redevelopment project area to any redeveloper
for any public or private use that accords with the redevelopment plan, subject
to such covenants, conditions and restrictions as the commission may deem to be
in the public interest and in furtherance of the purposes of this Article. In
the sale, exchange, or transfer of property, the commission shall follow the
exercise the authority and procedure set out in G.S. 160A-268, G.S.
160A-269, G.S. 160A-270 or G.S. 160A-271 160A-270, 160A-271, or
160A-279 for the disposition of property by a city council. Provided,
however, that all sales, exchanges, or other transfers of real property from
July 9, 1985, to December 31, 1987, in accordance with the provisions of this
section prior to its revision on July 9, 1985, shall be and are valid in all
respects."
SECTION 2. G.S. 160A-514(e) reads as rewritten:
"(e) In carrying out a redevelopment project, the commission may:
(1) With or without
consideration and at private sale convey to the municipality in which the
project is located such real property as, in accordance with the redevelopment
plan, is to be laid out into streets, alleys, and public ways; ways.
(2) With or without
consideration, convey at private sale, grant, or dedicate easements and rights-of-way
for public utilities, sewers, streets and other similar facilities, in
accordance with the redevelopment plan; and plan.
(3) With or without consideration and at private sale convey to the municipality, county or other appropriate public body such real property as, in accordance with the redevelopment plan, is to be used for parks, schools, public buildings, facilities or other public purposes.
(4) After In
addition to other authority contained in this section, after a public
hearing advertised in accordance with the provisions of G.S. 160A-513(e), and
subject to the approval of the governing body of the municipality, convey to a
nonprofit association or corporation organized and operated exclusively for
educational, scientific, literary, cultural, charitable or religious purposes,
no part of the net earnings of which inure to the benefit of any private
shareholder or individual, such real property as, in accordance with the
redevelopment plan, is to be used for the purposes of such associations or
corporations. Such conveyance shall be for such consideration as may be agreed
upon by the commission and the association or corporation, which shall not be
less than the fair value of the property agreed upon by a committee of three
professional real estate appraisers currently practicing in the State, which
committee shall be appointed by the commission. All conveyances made under the
authority of this subsection shall contain restrictive covenants limiting the
use of property so conveyed to the purposes for which the conveyance is made."
SECTION 3. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 15th day of May, 2003.
s/ Marc Basnight
President Pro Tempore of the Senate
s/ Richard T. Morgan
Speaker of the House of Representatives
s/ Michael F. Easley
Governor
Approved 5:48 p.m. this 20th day of May, 2003