[Adopted 10-2-2017 STM by Art. 30, AG 1-18-2018, eff. 2-15-2018]
The following procedure shall apply to disposal of a surplus tangible supply with an estimated net value of less than $10,000.
A procurement officer of the Town or of a Town department, board, committee or other Town agency shall dispose of a surplus tangible supply with an estimated net value of less than $10,000 by offering such supply for purchase at public auction.
A procurement officer who proceeds with a public auction shall give public notice of the auction. The notice shall describe the supply offered for sale and the terms and conditions of the sale, including the place, date and time for the auction, The notice shall state that the governmental body retains the right to reject any and all bids. The notice shall be published at least once, not less than 10 days prior to the time of the auction, in a newspaper of general circulation in the Town.
If there is an established market for a surplus tangible supply, a procurement officer, instead of offering the supply at public auction, may offer the supply for purchase to at least three parties who are regular participants in such market.
As used in this bylaw, the following terms shall have the meanings indicated:
- PROCUREMENT OFFICER
- Shall have the meaning set forth in MGL c. 30B, § 2 for "procurement officer."
- SURPLUS TANGIBLE SUPPLY
- Tangible personal property determined by a Town department, board, committee or other agency having possession and control of the property to be no longer useful but having resale or salvage value.
This procedure is intended to be a written procedure for disposal of supply with an estimated net value of less than $10,000 required pursuant to MGL c. 30B, § 15(f).