[Adopted as Title 3, Ch. 4, Sec. 3-4-1, of the Benton Code
of Ordinances]
As used in this article, the following terms shall have the
meanings indicated:
SURPLUS PROPERTY
Shall not include 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. Surplus Village property shall not include property which
is obtained by the Village as a result of abandonment or loss by the
property's original owner. Surplus Village property shall not
include items of property which are traded in for newer items.
SURPLUS VILLAGE PROPERTY
Property which is owned by the Village of Benton and which
has no further usefulness to the Village. An item of property shall
be considered to have no further usefulness when:
A.
The item or its function has been totally replaced by other
Village property and no probable future function exists for it; or
B.
The Village no longer performs the service for which the item
was purchased and no other service can reasonably be provided by the
item; or
C.
The item is no longer able to reliably or economically perform
the work required of it.
Whenever an item of Village property is determined to be surplus
Village property on the basis that the Village no longer performs
the service for which the item was purchased, or whenever the fair
market value of the item is more than $5,000, the Village Board shall
determine whether or not the item is surplus Village property.
Whenever this article requires a determination of the fair market
value of an item of property, that determination shall be made by
the committee responsible for the property, whose decision shall be
final.
[Adopted as Title 3, Ch. 4, Sec. 3-4-2, of the Benton Code
of Ordinances]