§ 14-106. Authority to sell or dispose of surplus property.

(a)

The purchasing director is hereby authorized to sell or otherwise dispose of any item of surplus property owned by the village where the estimated value of any such item of surplus property is $5,000.00 or less. Prior to such sale or disposition, the administrative officer shall declare in writing that any such item is surplus property and no longer necessary or useful to the village. The sale or other disposition may be by negotiated sale, bid, trade, auction or in such other manner authorized by the administrative officer as is in the best interest of the village and will achieve the highest price that can reasonably be expected to be achieved. Any such disposition may include converting such surplus property into some other form which is useful to the village, to trade the surplus property for other personal property, or to use such surplus property as a trade-in, a credit or part payment upon the purchase of other personal property. The administrative officer shall report periodically to the president and board of trustees any such sales or other dispositions.

(b)

Any item of surplus property valued at more than $5,000.00 shall be sold or otherwise disposed of by ordinance in such manner as the president and board of trustees may designate, with or without advertising for a competitive bid.

(Ord. No. 2601, § 1, 2-12-2019)