(A) The Town Manager or Finance Director is hereby authorized, pursuant to G.S. § 160A-266(c), to dispose of any surplus property owned by the town, whenever he or she determines, in his or her desecration, any of the following:
(1) Any one item or group of items has a fair market value of less than $5,000;
(2) The property is no longer necessary for the conduct of public business;
(3) Sound property management principles and financial considerations indicate the interests of the town would best be served by disposing of the property.
(B) The Town Manager or Finance Director may dispose of any such surplus personal property by any means which he or she judges reasonablely calculated to yield the highest attainable sale price in money or other consideration, including but not limited to the methods of sale provided in G.S. Ch. 160A, Art. 12. The sale may be electronic, 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 Manager or Finance Director is hereby authorized to execute and deliver any applicable title documents. If no offers are received within a reasonable time, the Town Manager or Finance Director may retain the property, obtain any reasonable available salvage value or cause it to be disposed of as waste material. No surplus property may be donated to any individual or organizations except by resolution the Town Board of Commissioners.
(D) The Finance Director 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.
(OC, § 2-4-3) (Ord. passed 11-10-88; Am. Ord. passed 10-20-98; Am. Ord. 2008-08, passed 4-15-08)