160A-267. Private sale.
When the council proposes to dispose of property by private sale, it shall at a regular council meeting adopt a resolution or order authorizing an appropriate city official to dispose of the property by private sale at a negotiated price. The resolution or order shall identify the property to be sold and may, but need not, specify a minimum price. A notice summarizing the contents of the resolution or order shall be published once after its adoption, and no sale shall be consummated thereunder until 10 days after its publication. (1971, c. 698, s. 1; 1979, 2nd Sess., c. 1247, s. 24.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 160A - Cities and Towns
Article 12 - Sale and Disposition of Property.
§ 160A-265 - Use and disposal of property.
§ 160A-266 - Methods of sale; limitation.
§ 160A-268 - Advertisement for sealed bids.
§ 160A-269 - Negotiated offer, advertisement, and upset bids.
§ 160A-271 - Exchange of property.
§ 160A-272 - Lease or rental of property.
§ 160A-272.1 - Lease of utility or enterprise property.
§ 160A-273 - Grant of easements.
§ 160A-274 - Sale, lease, exchange and joint use of governmental property.
§ 160A-276 - Sale of stocks, bonds, and other securities.
§ 160A-277 - Sale of land to volunteer fire departments and rescue squads; procedure.
§ 160A-278 - Lease of land for housing.
§ 160A-279 - Sale of property to entities carrying out a public purpose; procedure.
§ 160A-280 - Donations of personal property to other governmental units.