The Mayor shall have power to sell any personal property belonging
to the City which in his judgment is not necessary for the proper
conduct of its business, subject to the restrictions hereinafter set
forth.
[Ord. of 8-28-2001]
If the fair market value of any item or items of property sought
to be disposed of by sale under this article does not exceed $1,000,
the Mayor may sell the same at private sale without competitive bidding.
In such event, the terms of such sale shall be cash, payable to the
City Treasurer; and the Mayor shall at the time of the sale furnish
to the City Treasurer an itemized list and statement of the transaction,
including therein the date of the purchase or acquisition of the property
by the City, the cost price to the City thereof, the name of the purchaser
and the amount paid therefor by the purchaser. Such reports shall
be open to public inspection.
[Ord. of 8-28-2001]
In the event that the fair market value of any item or items
of property sought to be disposed of by sale under this article exceeds
$1,000, the Mayor shall advertise publicly for bids therefor in a
daily newspaper published in the City and shall thereafter either
sell the same to the highest bidder or refuse all bids. Each such
bid shall be accompanied by a certified check payable to the order
of the City Treasurer in the amount of such bid, which such check
shall be returned to the bidder in the event that his bid is not accepted.
No sale of such property shall be valid unless the provisions of this
section are complied with; however, the City Council may, for adequate
cause and upon the request of the Mayor, waive the requirements of
this section in any particular case.
