The Director of Finance is hereby authorized to approve the sale of any excess or obsolete vehicles, machinery and/or equipment through trade-in to offset the purchase price of replacement vehicles, machinery and/or equipment where the Director of Finance finds that sale through trade- in is in the best interest of the City, without the necessity of an auction, bidding, or separate approval of Council for the sale of such assets. Such finding shall be evidenced in writing by the Director of Finance and be reported to Council on an annual basis. The estimated value of any single item to be sold through trade-in shall not exceed one thousand dollars ($1,000). The combined estimated value for multiple items to be sold through trade-in in one transaction shall not exceed five thousand dollars ($5,000).
(Ord. 20-11. Passed 5-16-2011.)