(A) Any asset with a market value of $1,000 or more must be declared surplus by resolution, and must be disposed of by public sale, auction, trade-in or by sale, donation or agreement to another political subdivision without the requirement of competitive bidding.
(B) Any asset with a market value less than $1,000 must be declared surplus by the City Manager and may be sold by the City Manager by auction, sealed bid, trade-in or negotiation. The City Manager may dispose of surplus assets as he or she determines proper if such assets cannot be sold, leased or transferred.
(1974 Code, § 39.05) (Ord. 17-93, passed 4-5-1993; Am. Ord. 5-13, passed 3-18-2013; Am. Ord. 17-17, passed 9-18-2017)