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§ 160A-241 cH. 160A. CI?IE9 A~D TOWNS § 160A-266 <br /> <br /> {{ ]~A-~I ~ ]60A-261: Re~al~ by Se~ion Laws 1981, c. 919, <br /> 28, eff~tive Janua~ l, 1982. <br /> <br /> ~ 1~A-262: Repea]~ by ~ssion ~ws 1973, c. 4~6, s. 42. <br /> <br /> ~ 1~A-263: ~a]~ b~ ~ion ~ws 1981, c. 919, s. 28, e~tive Janua~ <br /> <br /> ~ ]~A-~: Rese~ed ~or ~uture codi~tion pu~oses. <br /> ~ 160A-265. Use and disposal of prope~. <br />-- ~ the discretion o~ the council, a city may: (i) hold, ~e, change the use <br /> ~ereo~ to other uses, or (ii) sell or dis~ oF rea~ and pe~onalprope~y, ~ :-:..~. <br /> ~thout regard ~ the meth~ or pu~se o~i~ acquisition or ~ i~ intend~ or <br /> actual ~ove~mental or ~ther prior use. (~981 (~g. ~ss., 1982), c. ~6.) <br /> <br /> Sale and Disposition of ~operty. <br />- ~ 160A-266. Methods of sale; H~taHon. <br /> (a) Subject ~ the limitations prescrib~ in subs~tion (bi of this s~tion, and <br /> ac~ing ~ the procMures pres~6~ in this Amicle, a city may disuse ofrmal <br /> or ~r~nal prope~y belon~ng ~ the =ity by: ~"~ <br /> (1) ~iva~ negotiation and sale; <br /> (2) Adve~isement for ~alM bids; <br /> (3} Negotiated offer, advedi~ment, and up~t bid; <br /> (4) ~blic auction; or <br /> (5) Exchange. <br /> ~) ~va~ negotiation and ~le may ~ u~d only with res~t to ~nal <br /> p~y valu~ at le~ than five thousana dollars 155,000) fu~ any <br /> ~oup of similar i~ms. ~al p~my and ~r~nal propemy valu~ at five <br /> · ou~nd dollars ($5,0001 or more for any one item or. up of similar ite~ <br /> may he ~ld by any methM permitt~ hy this A.icle u~er than ~riva~ <br /> tiation and ~le, or may be exchanged as pe~itt~ by G.S. 160A-271. (1971, <br /> c. 698, s. 1; 1973, c. 426, s. 42.1.) <br /> <br /> 347 <br /> <br /> <br />