Adds a new section to the charter of the City of High Point set forth in SL 1979-501, as amended. Permits the city council to authorize the city manager to dispose of or exchange specified property interests upon terms the city council deems appropriate without obtaining approval for each disposition. Property interests that the city manager may be authorized to dispose of include water, sewer, traffic control, drainage, access, sidewalk, greenway, landscape, or utility easements when the easement is no longer needed by the city.