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do <br /> <br /> High bids received at the sale must be reported to the <br />· governing body and accepted or rejected within 30 <br /> days. <br /> If the bids are rejected, the property may be re- <br /> advertised for sale. <br /> The resolution may require the highest bidder to <br /> make a bid deposit of an amount specified in the <br /> resolution. <br /> <br />Private Negotiation and Sale of Personal Property (one item <br />or a group of similar items) Valued at Less than $30,000 or <br />Exchange of Government-owned Facilities for Like Facilities <br />of Comparable Value: <br />a. The governing body must pass a resolution <br /> authorizing the sale. <br />b. The resolution must be published once after passage. <br />c. The sale cannot be consummated until ten (10) days <br /> after publication of the resolution. <br /> <br />Real property valued at $10,000 or more and personal <br />property valued at $30,000 or more (for an item or a group of <br />similar items) may be exchanged as permitted by G.S. 153A- <br />176 or may be sold under the requirements of items 1., 2., or <br />3. above. Private negotiation and sales of these items are <br />only allowed under G.S. 153A-176 for the disposal of real or <br />personal properties with certain historical or architectural <br />significance to a non-profit corporation or trust whose <br />purposes include the preservation or conservation of real or <br />personal property. <br /> <br />Before any real or personal property is dispose of by a <br />department in a county, notice should be circulated to other <br />departments that the property is considered surplus. <br /> <br />32 <br /> <br /> <br />