When it is determined by the Board of Trustees of the township that the sale of unneeded property by means of auction, including electronic auction, is necessary and reasonable in the exercise of the Township Board’s fiduciary duty to obtain the best price for property to be sold, the Board may authorize such sale. If a minimum bid is advisable, the Board shall set a minimum bid that will be accepted for the property. The auction of township property shall only occur upon the recommendation and under the supervision of the appropriate department head and/or the Township Supervisor and the results of the auction shall be reported to the Township Board at the next regularly scheduled Township Board meeting. All township policies inconsistent herewith are hereby amended to comply with this subchapter.
(Prior Code, § II-14.00) Penalty, see § 34.99