§ 160A-457. Acquisition and disposition of property for redevelopment.
§ 160A‑457. Acquisition and disposition of property for redevelopment.
In addition to the powers granted by G.S. 160A‑456, any city isauthorized, either as a part of a community development program orindependently thereof, and without the necessity of compliance with the UrbanRedevelopment Law, to exercise the following powers:
(1) To acquire, by voluntary purchase from the owner or owners,real property which is either:
a. Blighted, deteriorated, deteriorating, undeveloped, orinappropriately developed from the standpoint of sound community developmentand growth;
b. Appropriate for rehabilitation or conservation activities;
c. Appropriate for housing construction or the economicdevelopment of the community; or
d. Appropriate for the preservation or restoration of historicsites, the beautification of urban land, the conservation of open space,natural resources, and scenic areas, the provision of recreationalopportunities, or the guidance of urban development;
(2) To clear, demolish, remove, or rehabilitate buildings andimprovements on land so acquired; and
(3) To retain property so acquired for public purposes, or todispose, through sale, lease, or otherwise, of any property so acquired to anyperson, firm, corporation, or governmental unit; provided, the disposition ofsuch property shall be undertaken in accordance with the procedures of Article12 of this Chapter, or the procedures of G.S. 160A‑514, or any applicablelocal act or charter provision modifying such procedures; or subsection (4) ofthis section.
(4) To sell, exchange, or otherwise transfer real property orany interest therein in a community development project area to any redeveloperat private sale for residential, recreational, commercial, industrial or otheruses or for public use in accordance with the community development plan,subject to such covenants, conditions and restrictions as may be deemed to bein the public interest or to carry out the purposes of this Article; providedthat such sale, exchange or other transfer, and any agreement relating thereto,may be made only after approval of the municipal governing body and after apublic hearing; a notice of the public hearing shall be given once a week fortwo successive weeks in a newspaper having general circulation in the municipality,and the notice shall be published the first time not less than 10 days nor morethan 25 days preceding the public hearing; and the notice shall disclose theterms of the sale, exchange or transfer. At the public hearing the appraisedvalue of the property to be sold, exchanged or transferred shall be disclosed;and the consideration for the conveyance shall not be less than the appraisedvalue. (1977, c. 660, s. 1; 1983,c. 797, ss. 1, 2.)