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