§ 2-327. Sale of personal property.

Whenever any personal property belonging to the city is no longer needed for corporate or public purposes, the property may be offered for sale on approval by the city council. Personal property not exceeding $15,000.00 in value may be sold for cash by the purchasing agent upon approval by the city council, after receiving quotations or competitive bids for the best price obtainable. Personal property with a value in excess of $15,000.00 may be sold after advertising and receiving competitive bids in the same manner as herein prescribed in section 2-323 and after approval of the sale has been given by the council of the city. In the sale of equipment to be replaced, bidders may include in their bid a trade-in allowance for old equipment and such equipment may be disposed of in trade without further bidding requirements.

(Code 1982, § 1.6-7; Ord. No. 2017-16 , 11-13-2017)