The city may, sell, lease, exchange, donate or otherwise dispose of city personal property in the best interest of the city. The disposal of surplus or obsolete personal property shall be done in as competitive a manner as the procurement agent or authorized designee determines to be practicable, including but not limited to, through competitive sealed bids, public auction, online sales, established markets or posted prices. Procedures shall be prescribed prohibiting the conversion of surplus and obsolete city personal property for personal use by city employees, unless the city receives fair market value for such personal property and the personal property is disposed of in a commercially reasonable manner. This code does not apply to unclaimed property regulated under A.R.S. §§ 12-940 through 12-945, as amended.
(Ord. 1462, passed 9-18-2018)