GENERAL ASSEMBLY OF NORTH CAROLINA
AN ACT TO AMEND THE CHARTER OF THE CITY OF CHARLOTTE RELATING TO THE LEASE OF PROPERTY.
The General Assembly of North Carolina enacts:
Section 1. Chapter IX of the Charter of the City of Charlotte, being Chapter 713, Session Laws of 1965, is amended by adding a new Subchapter to read:
"Subchapter H. Lease of Property.
"Sec. 9.126. Lease of Property. Notwithstanding the provisions of G.S. 160A-272, the City Council may, in its discretion, lease City-owned property for such terms and upon such conditions as the Council may determine, including terms of more than 10 years without the necessity of following any procedures other than those required by G.S. 160A-272 for leases of 10 years or less."
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 14th day of June, 1985.