(A) Unclaimed or confiscated weapons which have been in the possession of the Police Department for 120 days or more may be traded by the Police Chief or his or her designee for new weapons for use by the Police Department. The unclaimed or confiscated weapons may only be traded to such gun dealers who have complied with applicable state and federal regulations concerning firearms and, in the opinion of the Police Chief or his or her designee, are reputable.
(B) In trading such unclaimed or confiscated weapons, the Police Chief or his or her designee shall advertise for bids for such trade. The advertisement for bids shall be done in accordance with prevailing and established bid procedure as formulated by the purchasing entity of the city.
(C) The value of such unclaimed and confiscated weapons as herein discussed shall in all cases be determined by their fair market value of the new weapons received in such trade.
(Prior Code, § 33.25)