(A) The Chief of Police or the City Clerk shall call to the attention of the Commission at periodic intervals the extent and value of property in the categories described in this chapter that has accumulated, in order that a determination can be made by the City Commission as to whether or not there exists enough property with a sufficient value to justify the expense of a public sale. A public sale shall be held at such periods of time as the Commission shall determine is warranted. Upon a determination being made by the Commission that a sale is warranted, the Commission may, by motion, provide the extent to which the sale shall be advertised, including whether the property is of sufficient value to justify the cost of advertisement in a newspaper or whether merely a posting of notice of the public sale on the City Hall bulletin board is warranted.
(B) Prior to the sale being held, the City Clerk shall attempt to notify as many persons as possible who might be interested in purchasing the articles to be sold in order to secure the best available bids.
(C) All sales shall be for cash and the proceeds thereof shall be disposed of in accordance with the procedure established by the City Commission. The city shall have a right to participate as a bidder at the sale. In the event there are no bidders, the property shall be retained by the Chief of Police as custodian until a similar sale is next held, and attempts are made again to secure bids on the property.
(‘69 Code, § 2-69) (Ord. 28, passed 7-24-60)