(A) Whenever the City Council determines by resolution passed by a majority of the Aldermen then holding office that certain tangible personal property is no longer necessary or useful to the City or the retention thereof is no longer in the best interest of the City, the same may be sold by the Mayor or his designee in such manner and upon such terms and conditions, with or without advertising or bidding, as the City Council may establish in such resolution.
(B) Items of tangible personal property may be used for trade-in as part payment of the purchase price of any new item or items of tangible personal property as follows:
(1) If the items to be purchased are subject to the bidding provisions of the Purchasing Manual, then the bid specifications shall identify the trade-in items.
(2) If the items to be purchased are not subject to the bidding provisions of the Purchasing Manual, then no tangible personal property shall be used for trade-in purposes without the prior approval of the City Council by resolutions passed as provided in division (A) above.
(C) Notwithstanding the other provisions of this section to the contrary, whenever the Mayor determines that an item of tangible personal property is no longer necessary or useful to the City, or the retention thereof is no longer in the best interests of the City, and that the resale value of such item is less than $100 or the resale value of an aggregate of such items is less than $1,000, then the Mayor is authorized to dispose of the same by donation to any not-for-profit, charitable or governmental entity or by discarding the same as refuse. In the case of any action under this subsection, the Mayor shall execute a written memorandum stating the item(s) disposed of, the value of each item, the donee(s) thereof, if any, and his findings under this subsection, which memorandum shall be delivered to the Comptroller and the City Clerk for retention in their records.
(Ord. 7703, passed 5-3-94; Am. Ord. 8072, passed 2-1-00; Am. Ord. 8684, passed 1-5-10)