[HISTORY: Adopted by the Town of Wells 11-8-1994. Amendments noted where applicable.]
The Board of Selectmen of the Town of Wells is authorized to sell equipment owned by the Town upon a finding that the Town no longer needs such equipment in accordance with this chapter. Sale shall be made to the highest bidder, either at public auction or after soliciting written bids, upon such terms and conditions as the Board of Selectmen decides is appropriate.
The Town Manager or his designee shall make a recommendation to the Board of Selectmen identifying equipment that is appropriate to be sold and shall include a recommendation as to whether the equipment shall be sold at public auction or by soliciting written bids. The Town Manager may recommend a minimum price for equipment and the Board of Selectmen may include a minimum price in the notice of sale. A used vehicle may be traded in rather than sold when a replacement vehicle is purchased if the Board of Selectmen determines that trading the used vehicle is in the best interest of the Town.
The Board of Selectmen shall advertise the sale of equipment in a newspaper of general circulation within the Town at least two times, the last publication not less than one week before the date of sale or the due date for return of sealed bids. The advertisement shall state a minimum price if one has been established. All equipment sold pursuant to this chapter shall be sold subject to the understanding that the Board of Selectmen may reject any and all bids if the Board determines that such sale is not in the best interests of the Town.
If the Board of Selectmen determines that the price offered is unsatisfactory to the Town, the Board shall have the right to reject any and all bids and may solicit new bids using the same or a different procedure or dispose of the equipment in whatever manner the Board determines is in the best interest of the Town, provided that no equipment may be sold for less than the highest bid previously received.
This chapter may be amended by majority vote at any Town Meeting.