The City of Wilmington will, from time to time, become the owner of properties that are not part of the core mission of providing services to our citizens. These properties, once identified by departments as surplus, can be available for disposition. Any conveyance will be in accordance with State laws. North Carolina General Statutes 160A-269 details the process utilized by the City as related to the disposition of property through the upset bid procedures. Priority consideration will be to return properties to the tax rolls. Additionally, the City has an active policy of working with non-profit organizations. However, the non-profits must demonstrate the resources necessary to develop and maintain any property from the City in a timely fashion, independent of assistance from the City of Wilmington. The City Council has finial approval and may determine not to convey a parcel.

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§ 160A-269. Negotiated offer, advertisement, and upset bids.

A city may receive, solicit, or negotiate an offer to purchase property and advertise it for upset bids. When an offer is made and the council proposes to accept it, the council shall require the offeror to deposit five percent (5%) of his bid with the city clerk, and shall publish a notice of the offer. The notice shall contain a general description of the property, the amount and terms of the offer, and a notice that within 10 days any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars ($1,000) and five percent (5%) of the remainder. When a bid is raised, the bidder shall deposit with the city clerk five percent (5%) of the increased bid, and the clerk shall readvertise the offer at the increased bid. This procedure shall be repeated until no further qualifying upset bids are received, at which time the council may accept the offer and sell the property to the highest bidder. The council may at any time reject any and all offers. (1971, c. 698, s. 1; 1979, 2nd Sess., c. 1247, s. 25.)