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(A) The Finance Director or his or her designee is hereby authorized to dispose of any surplus personal property owned by the town, 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 town would best be served by disposing of the property.
(B) The Finance Director or his or her designee 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 Article 12 of G.S. Chapter 160A. 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 or any property or services useful to the town if greater value may be obtained in that manner, and the Finance Director or his or her designee is hereby authorized to execute and deliver any applicable title documents. If no offers are received within a reasonable time, the Finance Director or his or her designee may retain the property, obtain any reasonably available salvage value, or cause it to be discarded. No surplus property may be donated to any individual or organization except by resolution of the Town Council.
(D) The Finance Director or his or her designee shall keep a record of all property sold under authority of this chapter and that record shall generally describe the property sold or exchanged, to whom it was sold, or with whom exchanged, and the amount of money or other consideration received for each sale or exchange.
(E) This chapter is enacted pursuant to G.S. § 160A-266(c).
(Ord. passed 2-7-94; Am. Ord. 2018-07-01, passed 7-16-18; Am. Ord. 2018-09-04, passed 9-4-18)