(A) The City Manager, pursuant to G.S. § 160A-266(c), is hereby authorized to dispose of any surplus personal property owned by the city whenever he or she determines in his or her discretion that:
(1) The item or group of items has a fair market value of less than $30,000;
(2) The property is no longer necessary for the conduct of public business; and
(3) Sound property management principles and financial considerations indicate that the interests of the city would best be served by disposing of the property.
(B) The City Manager may dispose of any such surplus personal property by any means which he or she judges reasonably calculated to yield the highest attainable sale price in money or other consideration, including but not limited to the methods of sale provided in G.S. Ch. 160A, Art. 12. Such sale may be public or private, and with or without notice and minimum waiting period.
(C) The surplus property shall be sold to the party who tenders the highest offer, or exchanged for any property or services useful to the city if greater value may be obtained in that manner, and the City Manager is hereby authorized to execute and deliver any applicable title documents. If no offers are received within a reasonable time, the City Manager may retain the property, obtain any reasonably available salvage value, or cause it to be discarded as waste material. No surplus property may be donated to any individual or organization except by resolution of the City Council.
(D) The City Manager shall keep a record of all property disposed of under the provisions of this section and that record shall generally describe the property sold or exchanged, to whom it was sold, or with whom it was exchanged, and the amount of money or other consideration received for each sale or exchange.
(Ord. 25-02, passed 7-11-02; Am. Ord. 17 ORD 7-14, passed 7-10-14)