(A) The Town Administrator is hereby authorized to dispose of any surplus personal property owned by the town, whenever he or she determines, in his or her discretion, that:
(1) Each individual item has a fair market value of less than $1,000;
(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 town would best be served by disposing of the property.
(B) The Town Administrator may dispose of any such surplus personal property by any means which he or she judges reasonably calculated to yield the highest attainable price in money or other consideration, including, but not limited to, the methods of sale provided in G.S. Ch. 160A, Art. 12. Such sale may be public or private, and with or without notice and minimum waiting period.
(C) The surplus property shall be sold to the party who tenders the highest offer, or exchanged for any property or services useful to the town if greater value may be obtained in that manner, and the Town Administrator is hereby authorized to execute and deliver any applicable title documents. If no offers are received within a reasonable time, the Town Administrator may retain the property, obtain any reasonably available salvage value or cause it to be disposed of as waste material. No surplus property may be donated to any individual or organization, except by resolution of the Board of Aldermen.
(D) The Town Administrator 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.
(E) This section is enacted pursuant to the provisions of G.S. § 160A-266(c).
(F) This section shall become effective on August 11, 1998.
(1987 Code, § 2-4-43) (Ord. passed 8-11-1998)