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published at least ten (10) days before auction or <br />negotiated sale. <br />High bids received at the sale must be reported to <br />the governing body and accepted or rejected <br />within 30 days. <br />If the bids are rejected, the property may be reo <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 <br />item or a group of similar items) Valued at Less than <br />$30,000.00 or Exchange of Government-owned Facilities <br />for Like Facilities of Comparable Value: <br />a. The governing body must pass a resolution <br /> authorizing the sale. <br />b. The resolution must be published once a~ter <br /> passage. <br />c. The sale cannot be consummated until ten (10) <br /> days after publication of the resolution. <br /> <br />Real property valued at $ I0,000.00 or more and personal <br />property valued at $30,000.00 or more (for an item or a <br />group of similar items) may be exchanged as permitted by <br />G.S. 153A- 176 or may be sold under the requirements of <br />items I., 2., or 3. above. Private negotiation and sales of <br />these items are only allowed under G.S. 153A- 176 for the <br />disposal of real or personal properties with certain <br />historical or architectural significance to a non-profit <br />corporation or trust whose purposes include the <br />preservation or conservation of real or 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 <br />other departments that the property is considered surplus. <br /> <br /> <br />