North Carolina General Statutes Chapter 160A. Cities and Towns § 160A-848. Distribution of services, assets, liabilities, and other obligations

(a) Upon a determination under G.S. 160A-845(c), the city shall work with the Commission to identify local government partners able to provide the services identified by the city as necessary for its citizens. The city shall, after negotiating its terms, enter into interlocal agreements with any local government partner willing to provide one or more of those services.

(b) In negotiating interlocal agreements under subsection (a) of this section, the city shall work with the Commission to identify local government partners, whether any other county, city, or consolidated city-county with whom to merge assets, liabilities, and other obligations of the city. Upon Commission determination it is in the best interest of the people of the city and State, the Commission may adopt a resolution to transfer the assets, liabilities, and other obligations to the local government partner and dissolve the city.

(c) Upon the adoption of a resolution under subsection (b) of this section by the Commission, the effective date for transfer and dissolution shall be fixed in the resolution as the first June 30 that is at least six months following the adoption of the resolution.