(A) Authority. The City Manager is hereby authorized to dispose of any surplus personal property owned by the city, 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 that $5,000;
(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 be served by disposing of the property.
(B) Means of disposal. The City 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.
(C) Sale and disposal. 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 City Manager is hereby authorized to execute and deliver any applicable title documents.
(D) Record. The City Manager shall keep a record of all property sold under authority of this section 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, and that such sale will be reported to the Board of commissioners at their next regular meeting.
(Ord. 98-2-2, passed 2-10-98)
Statutory reference:
Similar provisions, see G.S.§160A-266(c)
Similar provisions, see G.S.§160A-266(c)