The City Manager is authorized and directed to provide for the sale of surplus equipment and supplies, including motor vehicles, in the following manner:
(a) At such time as equipment, including motor vehicles, and supplies of the City serve no useful municipal purpose, the City Manager shall provide for the sale of such equipment or supplies as provided in this section.
(b) Sale of surplus equipment as determined under subsection (a) hereof, shall be sold by the City Manager by one or more of the following methods:
(1) By the acceptance of sealed bids, after advertising not less than one time in a newspaper of general circulation in the City.
(2) By public auction, after advertisement for not less than one time in a newspaper of general circulation in the City.
(c) The proceeds for the sale of surplus property shall be deposited in the City treasury.
(d) The City Manager shall keep full and accurate records of the sale of such property.
(e) The City Manager shall estimate the value of equipment or supplies to be sold under the provisions of this section. The sale of equipment or supplies having an estimated value in excess of twenty-five hundred dollars ($2500) shall be authorized by Council before sale as provided in subsection (b)(1) hereof. The authorization shall be made by motion entered upon the minutes of Council.