City of Wilmington/Property Conveyances.

SB 203 amends the City of Wilmington's charter to clarify and expand the city's authority to sell, exchange, or transfer real property while attaching restrictions. It allows the City Council to impose covenants, conditions, or restrictions on property sales to align with city policies or plans, including requiring detailed development proposals from bidders. The bill mandates public notice of proposed transactions at least 10 days before a council vote and requires resolutions authorizing all such sales. This directly affects the City of Wilmington's process for managing public property sales but does not change existing state law governing municipal property transactions.