Items determined to be of surplus nature, i.e., those items deemed of no further use to the village and/or which are obsolete or worn out, shall be subject to disposal in the following manner:
(A) An item with an original value of less than $2,500 shall be disposed of by the best and most efficient means in the judgment of the using department and the Finance Director/Treasurer, taking into account such factors as storage and handling costs and advertising.
(B) An item with an original value of $2,500 to $75,000 shall be disposed of in one of the following methods:
(1) Sale after obtaining informal quotes.
(2) Auction.
(3) Manufacturer trade in.
(4) By the best and most efficient means in the judgment of the using department and the Village Manager, taking into account such factors as storage and handling costs and advertising, with the approval of the Village Manager.
(C) An item with an original value in excess of $75,000 shall be disposed of in one of the following methods:
(1) Sale after obtaining formal quotes and going through the bid procedure.
(2) Auction.
(3) Manufacturer trade in.
(4) By the best and most efficient means in the judgment of the using department and the Village Manager taking into account such factors as storage and handling costs and advertising, with the approval of the Village Council.
(Ord. 24.09, passed 6-26-23)