HOUSE BILL 630
AN ACT TO AMEND G. S. 160A-457(3) TO AUTHORIZE SPECIAL CONDITIONS TO BE IMPOSED UPON THE DISPOSITION OF PROPERTY BY THE CITY OF WILMINGTON.
The General Assembly of North Carolina enacts:
Section 1. G.S. 160A-457(3) is amended by adding at the end thereof a new sentence reading as follows:
"Nothing herein shall prevent a city from requiring the property disposed of to remain owner-occupied for a period of time not to exceed two years following the sale."
Sec. 2. This act shall only apply to the City of Wilmington.
Sec. 3. This act is effective upon ratification. All sales of property conducted prior to the date of enactment of this local act that contain a special owner-occupancy condition are hereby validated, and the disposition of property containing this special owner-occupancy condition in the future shall be valid for all intents and purposes.
In the General Assembly read three times and ratified, this the 16th day of June, 1982.