It shall be the responsibility of the mayor to take and to keep current an inventory of all city property, and to develop a system for maintaining an inventory and inventory control for the parts, supplies, and equipment routinely used by city offices and departments. Sufficient quantities should be maintained on hand to prevent the need for incidental or "spot" buying of routine items. Surplus property in inventory, including equipment and real estate, shall be removed from inventory and sold, discarded, or otherwise disposed of in accordance with the following:
A. The mayor may trade, sell at a price, offer for bid, or donate for charitable use any single item of city property, or any lot of items of city property, the value of which, competently established or estimated, does not exceed one thousand dollars ($1,000.00).
B. The council may authorize the mayor to trade, to sell at a price, to offer for bid, or to donate for charitable use any single item of city property, or any lot of items of city property, the value of which, competently established or estimated, exceeds one thousand dollars ($1,000.00).
C. Any single item of city property, or any lot of items of city property, the value of which, competently established or estimated, exceeds two thousand five hundred dollars ($2,500.00) shall be offered for sale by competitive bidding, or may instead be sold at a price or traded at a value approved by council, which price or value shall not be less than the price paid by the city to acquire it.
D. The mayor may consider previous unsuccessful attempts to sell an item as basis to revalue it, and may then attempt to dispose of the item at that lesser value, or may declare it to have no significant value. Items determined to have no significant value may be disposed of as the mayor shall determine. (Ord. 2004-01, 3-1-2004)