3-1-7: DISPOSITION OF SURPLUS OR OBSOLETE MATERIALS; BIDDING:
   A.   Determination And Sales Procedure:
      1.   No surplus or obsolete supplies, materials or equipment of a value of more than seven thousand five hundred dollars ($7,500.00) may be sold until the Town Board of Trustees has declared them obsolete or surplus. (2008 Code § 7-108; amd. 2019 Code)
      2.   Before the Town Board of Trustees sells any surplus or obsolete supplies, materials or equipment, except as otherwise provided below, they shall be advertised for sale in a newspaper of general circulation in the Town or give notice in such other manner as the Board of Trustees deems necessary adequately to reach prospective buyers to give them opportunity to make bids.
      3.   All bids shall be sealed and shall be opened in public at a designated time and place, except when the sale is by auction. The Town Board of Trustees may repeatedly reject all bids and advertise or give notice again.
      4.   The Town Board of Trustees shall sell such supplies, materials or equipment to the highest responsible bidder for cash.
      5.   In case of a tie, the Board of Trustees may sell to either of the bidders tying, or may divide the sale among two (2) or more tying, always selling to the highest responsible bidder or bidders for cash. (2008 Code § 7-108)
   B.   Sales When Competitive Bidding Not Required: The Town Board of Trustees may sell the following without giving an opportunity for competitive bidding: (2008 Code § 7-109)
      1.   Surplus or obsolete supplies, materials or equipment whose total value does not exceed seven thousand five hundred dollars ($7,500.00) in a single transaction; and (2008 Code § 7-109; amd. 2019 Code)
      2.   Supplies, materials or equipment when sold at a price at least as great as that paid by the Town for the same. (2008 Code § 7-109)