Amends the Town of Montreat's charter, SL 1985-295, as amended, as the title indicates. Also provides that in 2020 and quadrennially thereafter, three commissioners are to be elected to four-year terms and in 2022 and quadrennially thereafter, two commissioners are to be elected to serve four-year terms. Requires that the mayor be elected to serve a four-year term in 2020 and quadrennially thereafter. Prohibits holding a municipal election in 2019 and extends the terms of the mayor and three commissioners whose terms expire in 2019 until 2020, and the two commissioners whose terms expire in 2021 are extended until 2022. Regular municipal elections must be conducted in 2020.