As used in this chapter, 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 Town property shall not include property which is
obtained by the Town as a result of abandonment or loss by the property's
original owner. Surplus Town property shall not include items of property
which are traded in for newer items. Surplus Town property shall not
include library materials used by the public library for lending purposes.
SURPLUS TOWN PROPERTY
That property which is owned by the Town of Pacific and which
has no further usefulness to the Town. 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
Town property and no probable future function exists for it;
B.
The Town 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 this chapter requires a determination of the fair market
value of an item of property, that determination shall be made by
the Clerk, whose decision shall be final.