(a) Schedule of valuation.
(1) Items having a value of $1,000 or less
be disposed of by the City
at his or her discretion.
(2) Items having a value in excess of $1,000, but not greater than $10,000,
be advertised in a local newspaper or placed on a web based bid platform by choice of the City
with sealed bids solicited. Bids shall be opened and the award made by the City
.
(3) Items having a value in excess of $10,000, but not greater than $25,000,
be advertised in a local newspaper, a comparable metropolitan newspaper, web based bid platform by choice of the City
or a trade publication, with sealed bids solicited. The opening of bids and the award
be made by the City
and approved by Council.
(4) Items having a value in excess of $25,000
be sold only after the matter is presented to Council and a recommendation is made by Council as to the manner in which the sale
be made.
(5) The exception to the schedule of valuation is vehicle and equipment trade-ins when made at the dealership at the time of a purchase of a newer vehicle. The trade-in value can be accepted by the City
without City Council approval. The City
determine that the trade in value is not sufficient and place the vehicle for bid according to the schedule of valuation clauses.
(b) Setting valuation. The value of any item to be sold be set by the City , in concert with department heads. The City obtain appraisals, if deemed necessary.
(c) Bids.
(1) The
allowed for bids to be submitted
be at the discretion of the City
, unless specified by Council, but in no case shall the deadline for bids be less than ten days from the last day on which the bid solicitation was advertised.
(2) The city reserves the right to set minimum bid prices and to reject any and all bids.
(3) In all cases, the sale
be awarded to the highest bidder, or, in the case of default, to the second highest bidder.
(d) Inspections. Items on which bids have been solicited be made available for inspection during normal working hours, beginning on the date of the first publication of the bid solicitation.
(e) Payments; title.
(1) Sale
be complete only upon payment and transfer of title as provided in this section or by
.
(2) Payment
be made by cash or certified check before the buyer will be allowed title to the item purchased.
(3) Title to the item purchased
pass upon the issuance of a bill of sale by the City
, or other transfer of title, as required by
.
(f) Reports. Following consummation of any sale, regardless of value, a report be presented to Council stating, in writing, the following:
(1) The name, description and condition of the item sold;
(2) The sale price of the item; and
(3) The name and address of the purchaser.
(g) Waiver of requirements. Any of the conditions set forth in this section be waived by a majority vote of Council. Such waiver, if invoked, apply only to the sale of the particular item voted upon.
(Res. passed 2-12-1975; Ord. 2406-04, passed 7-10-2024)