Authorize the Business Administrator to dispose of obsolete and surplus
goods and materials (hereinafter called "unneeded personal property")
which the Mayor determines is no longer needed by the City or any
City department, office or agency or is worn out or is scrap material
or should be replaced. The Business Administrator shall require the
head of any City department, office or agency to submit a written
list to him or her and the Mayor of unneeded personal property, which
list such head shall furnish at such time or times as designated by
the Business Administrator. The Business Administrator shall maintain
a list of all unneeded personal property, stating thereon the location
and estimated value thereof, the date of disposition thereof, if disposed
of, the estimated value thereof, the nature of disposition thereof,
the price received and the name and address of purchaser, if sold.
If the Mayor's determination is that the value of such personal
property exceeds $300, the Business Administrator shall sell the same
to the highest responsible bidder by public bidding after advertisement
in a newspaper circulating in the City and after receipt of sealed
bids or at a public auction or an online auction as authorized by
the State of New Jersey subject to the approval of the Council, which
shall have the right to reject all bids. Upon approval of the Mayor,
any unneeded personal property may be traded in to a vendor in part
payment of the purchase price of other personal property which the
City shall require where the value of the property to be traded in
does not exceed $300, as determined by the Mayor; and if the Mayor
determines the value to exceed $300, then the Council's approval of
the amount offered for such property to be traded in shall be first
obtained. Any unneeded personal property that cannot be disposed of
under the conditions herein set forth shall be deemed to have no value
and may be discarded without remuneration by the Business Administrator,
with approval of the Mayor.