A. Advertisement And Declaration:
1. No surplus or obsolete supplies, materials or equipment of a value of more than five hundred dollars ($500.00) may be sold until the City Council has declared them surplus or obsolete. Before the Mayor sells any surplus or obsolete supplies, materials or equipment, except as otherwise provided, the Mayor shall advertise them for sale in a newspaper of general circulation in the City or in such other manner as is deemed necessary to adequately reach prospective buyers to give them an opportunity to make bids. All bids shall be sealed and shall be opened in public at a designated time and place, except when the sale is by auction. The Mayor may repeatedly reject all bids and advertise again and shall ultimately sell such supplies, materials or equipment to the highest responsible bidder, and if necessary, shall cast lots in case of a tie to determine to whom to sell.
2. The Mayor may sell surplus or obsolete supplies, materials or equipment whose total value does not exceed five hundred dollars ($500.00) in a single transaction without giving an opportunity for competitive bidding.
(Prior Code § 7-107)
B. Council To Declare Surplus Of Obsolete Competitive Bidding: No surplus or obsolete supplies, materials or equipment of a value of more than two thousand five hundred dollars ($2,500.00) may be sold until the Council shall have declared them obsolete or surplus. Before City personnel sells any surplus or obsolete supplies, materials or equipment, except as otherwise provided below, he shall advertise them for sale in a newspaper of general circulation in the City or give notice in such other manner as he deems necessary adequately to reach prospective buyers to give them opportunity to make bids. All bids shall be sealed and shall be opened in public at a designated time and place, except when the sale is by auction. The City Manager may repeatedly reject all bids and advertise or give notice again. He shall sell such supplies, materials or equipment to the highest responsible bidder for cash. In case of a tie, he may sell to either of the bidders tying, or may divide the sale among two (2) or more tying, always selling to the highest responsible bidder or bidders for cash.
(Prior Code § 7-108)