(A) Definitions. For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
CITY ASSET. Tangible personal property which is required pursuant to Administrative Instruction to be recorded on the city's inventory of fixed assets.
IT EQUIPMENT. Computers, peripheral equipment, printers, radios, telephones and the like.
LIBRARY MATERIALS. Books, magazines, compact discs, videotapes, tapes and the like purchased by the Library Division of the city, or any successor agency, for lending to the public.
SALVAGE PROPERTY. Tangible personal property of the city of any value which has been determined, pursuant to Administrative Instruction 6-2, as amended to no longer be functional in the state of its original intent, but retains a value in the market place in its marginal use, by repair, resale, scrap value in recyclable materials or other reasons that make it of value in the proper market setting.
SCRAP PROPERTY. Tangible personal property of the city which has been determined, pursuant to Administrative Instruction 6-2, as amended to be surplus property, but which has also been determined to be of no value or where the cost to repair or maintain such property would exceed its value. SCRAP PROPERTY does not include salvage property, including but not limited to any material or equipment which retains a salvage value such as copper, aluminum or other recyclable materials, as determined by the Chief Procurement Officer.
SURPLUS PROPERTY. Tangible personal property of the city of any value which has been determined, pursuant to Administrative Instruction 6-2, as amended to be functional, but is no longer required or needed for use within or by the user department or other city department and whose cost to retain may be adverse to city interests based on space allocation, obsolescence or depreciating market value.
UNCLAIMED PROPERTY. Tangible personal property which has been left in the possession of the city, as defined in § 5-4-1 ROA1994.
(B) Disposition of surplus, scrap, or salvage property. Surplus, scrap, or salvage property shall be disposed of in accordance with procedures established in Administrative Instruction 6-2, as amended.
(C) Unclaimed property shall be disposed of in accordance with the provisions of § 5-4-1 et seq., ROA 1994.
('74 Code, § 5-7-16) (Ord. 6-1991; Am. Ord. 30-1998; Am. Ord. 22-2005; Am. Ord. 2019-005) Penalty, see § 1-1-99
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