§ 38.46 SURPLUS STOCK.
   All using agencies shall submit to the CPO, at such times and in such form as the CPO shall prescribe, reports showing stocks of all supplies that are no longer used or that have become obsolete, worn out or scrapped.
   (A)   Transfer. The CPO shall have the authority to transfer surplus stock to other using agencies.
   (B)   Sell. The CPO shall have the authority to sell all supplies that are unsuitable for public use, or to exchange the same for or trade in the same for new supplies.
   (C)   Competitive bidding or public auction. Sales of surplus property valued in excess of $50,000 shall be made to the highest bidder by competitive bids in conformance with § 38.43, or by public auction. The CPO shall have the authority to decide which method to use based on his or her determination as to which method would be most advantageous to the City.
   (D)   Procedures for public auctions. The procedures for any public auction authorized by this subsection shall be as follows:
      (1)   The auction may be conducted as an electronic auction.
      (2)   Any surplus property proposed to be sold by public auction pursuant to this subsection shall be appraised by two independent appraisers who are duly qualified, if the property is estimated to have a value in excess of $100,000. If the property is estimated to have a value between $50,000 and $100,000, one appraisal is required. If the property is estimated to have a value that does not exceed $50,000, no appraisal is required.
      (3)   The auction shall be conducted as a reserve auction. If one appraisal is required, the reserve price shall be equal to 85% of the appraisal price. If two appraisals are required, the reserve price shall be equal to 85% of the average of the two appraisal prices.
      (4)   At the discretion of the CPO or auctioneer, the CPO or auctioneer may announce a suggested opening bid before bids are accepted. If a suggested opening bid is announced, the suggested opening bid shall be the reserve price.
   (E)   Donation of surplus property. Surplus property with a value not to exceed $50,000 shall be sold in conformance with § 38.44. If no acceptable bid is received within a reasonable time, such property may be offered to private nonprofit organizations by sale or donation. Notwithstanding the foregoing, any surplus motor vehicle valued at $10,000 or less may be donated to a permanent resident of the City who received public assistance within one year of the date of donation and is employed on the date of donation. Prior to making any such donation, the CPO shall require documentation establishing, to the satisfaction of the CPO, that the proposed recipient is eligible to receive such donation.
(‘72 Code, § 11½-39) (Ord. O-75- 18, passed 2-19-75; Am. Ord. O- 89-11, passed 3-1-89; Am. Ord. O- 95-19, passed 4-4-95; Am. Ord. O- 98-09, passed 5-20-98; Am. Ord. O-2009-11, passed 5-6-09; repealed and replaced by Ord. O-2020-07, passed 7-1-20)