As used in this article, the following terms shall have the
meanings indicated:
SURPLUS CITY PROPERTY
That property which is owned by the City of Prescott and
which has no further usefulness to the City.
A.
An item of property shall be considered to have no further usefulness
when:
(1)
The item or its function has been totally replaced by other
City property and no probable future function exists for it;
(2)
The City no longer performs the service for which the item was
purchased and no other service can reasonably be provided by the item;
or
(3)
The item is no longer able to reliably or economically perform
the work required of it.
B.
Surplus City property as defined in this article shall not include:
(1)
Land or buildings but shall include fixtures and such salvage
as may be taken from a building without structural damage when such
fixtures and salvage are not part of a demolition contract.
(2)
Property which is obtained by the City as a result of abandonment
or loss by the property's original owner.
(3)
Items of property which are traded in for newer items.
(4)
Library materials used by the public library for lending purposes.
Each department will file a report with the City Clerk annually
to be included with the department budget stating what property is
currently held by the department and that property which is ready
for disposal. A copy will be given to the Council and Mayor.
Whenever this article requires a determination of the fair market
value of an item of property, that determination shall be made by
the Common Council, whose decision shall be final.