§ 2-162. Disposal of surplus property

(a) Surplus property valued at $5,000.00 or less. The town clerk may dispose of any such surplus personal property by any means which the clerk judges reasonably calculated to yield the highest attainable sale price in money or other considerations, including, but not limited to, the methods of sale provided in G.S. article 12, chapter 160A. Such sale may be public or private, and with or without notice and minimum waiting period. The clerk shall consider the following options:

Trade-in towards purchase of new vehicle or equipment.

Advertisement for sealed bids.

Private negotiation and sale.

Negotiated offer, advertisement (newspaper or town website) or public auction.

Items valued between five hundred dollars ($500.00) and five thousand dollars ($5,000.00) shall be placed on the town's website as available for purchase prior to disposal with the exception of a vehicle to be used as a trade-in.

(b) Surplus personal property valued at more than $5,000.00. The town council shall direct disposal of any such surplus personal property by the following means:

Trade-in towards purchase of new vehicle or equipment.

Advertisement for sealed bids.

Private negotiation and sale.

Negotiated offer, advertisement (newspaper or town website) or public auction.

(Ord. of 7-16-85, § 2; Ord. of 8-17-10)