TOWN OF MOORESVILLE/PROPERTY CONVEYANCE.

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View NCGA Bill Details2025-2026 Session
House Bill 223 (Local) Filed Tuesday, February 25, 2025
AN ACT AUTHORIZING THE TOWN OF MOORESVILLE TO CONVEY REAL PROPERTY OWNED BY THE TOWN FOR THE PURPOSE OF INCREASING THE SUPPLY OF HOUSING FOR LOW– AND MODERATE–INCOME PERSONS, VETERANS, AND EMERGENCY RESPONDERS.
Intro. by Carver.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Mar 19 2025)
H 223

Bill Summaries:

  • Summary date: Feb 25 2025 - View Summary

    Amends Article XI of the Mooresville Charter, SL 1975-239, as amended, by allowing the Mooresville Board of Commissioners, with or without consideration, and upon such terms as it deems wise, to convey real property owned by the Town for one or more of the following purposes: (1) affordable housing for low- and moderate-income persons, (2) housing for veterans (as defined), and (3) housing for emergency responders (as defined). Prohibits conveying real property acquired by the exercise of eminent domain. Allows a deed conveying the real property to contain a restriction which provides that the real property will revert to the Town if it is no longer used for increasing the supply of housing before the expiration of the time period established by the Board of Commissioners. Requires the conveyance to be made pursuant to a resolution adopted by the Board of Commissioners and sets out requirements for the adoption of the resolution. Also requires posting the resolution on the Town's website at least 10 calendar days before the conveyance is executed.