§ 30.22 DISPOSAL OF SURPLUS PERSONAL PROPERTY VALUED AT LESS THAN $5,000.
   (A)   The Town Manager is authorized pursuant to G.S. § 160A-266(c) to dispose of any surplus personal property owned by the town whenever it is determined at the Town Manager's discretion that:
      (1)   The item or group of items has a fair market value of less than $5,000;
      (2)   The property is no longer necessary for the conduct of public business;
      (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 Town Manager shall determine the fair market value of the personal property for disposal and may dispose of any such personal property by any means which is judged reasonably calculated to yield the fair market value or the highest attainable prices in money or other consideration, including but not limited to the methods of sale provided in G.S. Ch. 160A, Art. 12. 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 for any property or services useful to the town if greater value may be obtained in that manner and the Town Manager is authorized to execute and deliver any applicable title documents. If no offers are received within a reasonable time, the Town Manager may retain the property, obtain any reasonable available salvage value or cause it to be disposed of as waste material.
   (D)   The Town Manager shall keep a record of all property sold under this section 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.
(Ord. passed - - ; Am. Ord. 18-6, passed 6-14-21)