A BILL TO BE ENTITLED
AN ACT TO ALLOW CONDEMNATION OF abandoned, closed, unused or indefinitely idle textile or furniture manufacturing facilities and directly related abandoned, closed, unused or indefinitely idle properties for the purpose of facilitating the adaptive redevelopment and/or reuse of the property.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 40A‑3(b) is amended by adding a new subdivision to read:
"(10)	For the purpose of facilitating the adaptive redevelopment or reuse (or both) of the property, the governing body may acquire abandoned, closed, unused or indefinitely idle textile or furniture manufacturing facilities and directly related abandoned, closed, unused or indefinitely idle properties."
SECTION 2.  Article 1 of Chapter 40A of the General Statutes is amended by adding an new section to read:
"§ 40A‑10.1.  Redevelopment or disposal of certain property.
At the sole discretion of the condemnor, when a local public condemnor has acquired any property under G.S. 40A‑3(b)(10), it may be redeveloped under the ownership of that condemnor or it may be conveyed at private sale to one or more third parties."
SECTION 3.  This act is effective when it becomes law.