The Bids and Purchases Committee shall promulgate regulations governing:
(A) The management of supplies, inventories and all other properties of the town, other than real properties, during the entire life cycle of the same; and
(B) The sale, lease or disposal of surplus supplies, inventories and other town’s properties, other than real properties, shall be by public auction, competitive sealed bidding or other appropriate methods designated herein or otherwise designated by resolution of Town Council.
(Ord. 001-3, passed 3-1-2001)