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A. Subject to the provisions of state law and this section, surplus or obsolete supplies, materials, property, or equipment belonging to the town may be sold by the town board of trustees.
B. No sale shall be made under this section until the town board of trustees has declared the supplies, materials, property, or equipment involved to be surplus or obsolete.
C. No surplus or obsolete supplies, materials or equipment of a value of more than one thousand dollars ($1,000.00) may be sold until the procedures established in this section have been followed.
D. The town purchasing authority may sell the following without giving an opportunity for competitive bidding:
1. Surplus or obsolete supplies, materials or equipment whose total value does not exceed one thousand dollars ($1,000.00) in a single transaction; or
2. Supplies, materials or equipment when sold at a price at least as great as that paid by the town for the same; or
3. Where the board of trustees has authorized the sale of surplus property at public auction under such terms, conditions and notice as the board of trustees may prescribe or as the town purchasing authority deems appropriate.
E. Except as may otherwise be provided, any sale under this section shall be advertised in a newspaper of general circulation in the town or county, or in such other manner as deemed necessary to adequately reach prospective buyers to give them an opportunity to bid. All bids shall be sealed and opened in public at a designated time and place, except when the sale is by auction. The town board of trustees may repeatedly reject all bids and readvertise. The town board of trustees shall sell such supplies, materials, property, and equipment to the highest responsible bidder and, if necessary, shall cast lots in case of a tie to determine to whom to sell. (Ord. 2010-4, 11-16-2010)