AG 2006 08 21 - Laserfiche WebLink

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Subiect: Purpose: Policy: Procedure: Sale of Surplus Personal Property Establish certain guidelines for the disposal of any obsolete, surplus, or other equipment the County may offer for sale to the public. 1. The Purchasing Agent will process all personal property sales for the County by advertising for bids once approval of the Board of Commissioners has been obtained authorizing disposal. 2. An item or group of items valued at less than $30,000 may be sold to individuals at the discretion of the Purchasing Agent with authorization from the County Manager. 3. All sales are made in compliance with the NC General Statutes that govern disposal of surplus property. 4. Surplus equipment such as automobiles, trucks, furniture and other equipment are usually sold by public auction. 5. All bidding shall be open to the general public. 1. Items to be sold by sealed bids, electronic auction or public auction should be submitted by memorandum to the Purchasing Agent giving the full description and details, including fixed asset and equipment numbers. 2. Minimum prices for disposal of surplus items are to be established by the Department Head and the Purchasing Agent. These minimum prices should take into account the fair market value, salvage value, etc., and shall not arbitrarily be determined. 3. All property will normally be disposed of in one of the following ways: a. Transferred for use in another department/governmental entity. b. Sold immediately by sealed bid. c. Held lor sale at public auction. d. Destroyed due to no salvage value. e. Sold to individuals, at the discretion of the Purchasing Agent and with authorization from the County Manager, if value is less than $30,000. 4. All sales by public auction and sealed bids are advertised and submitted to the Board of Commissioners for approval. 5. The Finance D~partment collects all proceeds from all sales. 20 F-B