[HISTORY: Adopted by the Village Council of the Village of Vicksburg as indicated in article histories. Amendments noted where applicable.]
[Adopted 10-8-1985 by Ord. No. 147 (Ch. 2, Art. V, Div. 2, of the 1995 Village Code)]
With the consent of the Village Manager, personal property of the Village may be sold by a department head as follows:
A. 
When the estimated value of an item of personal property is less than $250, as estimated by the department head, such property may be sold without securing bids.
B. 
When the estimated value of an item of personal property is $250 or more, but less than $1,500, as estimated by the department head, opportunity for competitive bids shall be afforded, but such opportunity need not be by written bids, and the department shall keep a record of all bids received.
C. 
When the estimated value of an item or personal property is $1,500 or more, as estimated by the department head, sealed written bids shall be requested and received. All sealed bids shall be publicly opened by the Village Manager. If the bids received exceed $3,500, the final award shall be made by the Council. The Council may reject any or all bids. If the Council rejects all bids submitted, it may direct the Village Manager to negotiate for the sale of such Village personal property in the open market to the best advantage of the Village.
[Adopted 7-15-2013 by Ord. No. 267]
Any real estate owned by the Village, except property used or dedicated for use as a public park, may be sold at a private sale upon such terms and conditions as the Village Council shall deem appropriate.
Any sale of real estate owned by the Village shall be approved, if at all, by resolution duly adopted by a concurring vote of 2/3 of the Council members. The vote shall be taken by yeas and nays and entered in the Council minutes.