AN ACT TO AMEND THE CHARTER OF THE TOWN OF CARY TO AUTHORIZE THE TOWN TO SELL, EXCHANGE, OR OTHERWISE TRANSFER REAL PROPERTY SUBJECT TO RESTRICTIONS DEEMED TO BE IN THE PUBLIC INTEREST.
Amends the Charter of the Town of Cary, being SL 2005-117, enacting a new Article XI, Sale, Lease, and Disposition of Property. Authorizes the Town Council to sell, exchange, or otherwise transfer any interest in real property to any purchaser, subject to covenants, conditions, and restrictions as the Town Council deems to be in the public interest. Provides that such conveyances must be made in accordance with applicable provisions of law. Authorizes the Town to invite bids or written proposals for the purchase or transfer of any interest or property. Allows for the transfer to be made contingent on the necessary rezoning of the property.
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