§ 36.03. DISPOSAL OF NON-REAL PROPERTY.

(A)

Trade-In. Where trade-in is available in conjunction with the purchase of replacement non-real property from the same vendor, the City may trade-in and replace its non- real property with that vendor. The trade-in of the City's non-real property shall be subject to approval by the City Commission if the estimated market value of the property being traded-in is greater than sixty-five thousand dollars ($65,000.00).

(B)

Market Value of Sixty-Five Thousand Dollars ($65,000.00) or Less. The City's non-real property with an estimated market value of sixty-five thousand dollars ($65,000.00) or less may be sold or auctioned through a competitive process as determined by the City Manager.

(C)

Market Value Greater than Sixty-Five Thousand Dollars ($65,000.00). The City Manager may sell or auction any of the City's non-real property with an estimated market value of greater than sixty-five thousand dollars ($65,000.00) through a competitive process that is approved by the City Commission.

(D)

Junk Non-Real Property. The City Manager may declare that any non-real property that is determined by the City Manager to have reached the end of its useful life and/or may expose the City to potential liability from its continued use or sale and/or whose disposition cost exceeds its value, is junk. Non-real property declared by the City Manager to be junk shall be disposed of without receipt of consideration (or, if necessary, at a cost to the City) and shall be rendered useless and not be donated.

(Ord. No. 21-17 , § 1(Exh. A), passed 6/6/17)