If any departments or subdivision has personal property not needed it shall certify such fact to the Commissioner of Purchases and Supplies. If any such property is suitable for use for any other department or division it may be transferred to such department or division and they shall be charged the value thereof. If such property is not needed for any municipal use it shall be sold by the Commissioner and the proceeds of the sale credited to the General Fund. If the amount involved is under the amount of forty thousand dollars ($40,000), informal competition only shall be required. If the amount involved is in the amount of forty thousand dollars ($40,000) or over, it shall be sold to the highest and best bidder after advertisement in the City Journal in the same manner and for the same period prescribed for purchases.
(Ord. 31-83. Passed 1-18-83; Ord. 178-94. Passed 4-18-94; Ord. 852-03. Passed 11-25-03; Ord. 832-03. Passed 12-23-03.)