(A) The Director of Finance and Administration or the Administrative Services Manager are hereby authorized to dispose of any surplus personal property owned by the City of Monroe, whenever he or she determines, in his or her discretion, that:
(1) The item or group of items has a fair market value of less than thirty thousand dollars ($30,000.00);
(2) The property is no longer necessary for the conduct of public business; and
(3) Sound property management principles and financial considerations indicate that the interests of the City would best be served by disposing of the property.
(B) The Director of Finance and Administration or Administrative Services Manager may dispose of any such surplus personal property by any means which he or she judges reasonably calculated to yield the highest attainable sale price in money or other consideration, including but not limited to the methods of sale provided in Article 12 of N. C. Gen. Stat. Chapter 160A. Such sale may be public or private, and with or without notice and minimum waiting period. Notice, if given, will be advertised electronically or in a newspaper of general circulation or any combination of either means.
(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 City if greater value may be obtained in that manner, and the Director of Finance and Administration or the Administrative Services Manager are hereby authorized to execute and deliver any applicable title documents. If no offers are received within a reasonable time, the Director of Finance and Administration or the Administrative Services Manager may retain the property, obtain any reasonably available salvage value, or cause it to be disposed of as waste material. No surplus property may be donated to any individual or organization except by resolution of the City Council.
(D) The Director of Finance and Administration or the Administrative Services Manager shall keep a record of all property sold under authority of this Ordinance 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.
(E) This Ordinance is enacted pursuant to the provision of N.C. Gen. Stat. § 160A-266(c).
(F) This Ordinance shall become effective upon adoption.
(Ord. O-1999-17, passed 4-6-99; Am. Ord. O-2002-03, passed 1-15-02; Am. Ord. O-2005-39, passed 11-15-05)