20-11 New 111.13, Sale Through Trade-In

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PLACED ON 1ST READING & REFERRED TO THE FINANCE COMMITTEE 4/18/11. SECOND READING 5/2/11. ORDINANCE N0. 20-11 BY: 4~cs@i~~xs~;;;.~5x~=l~vr)k„I ;Juris, Madigan, Nowlin, Powers, Smith. AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least five (5) members of Council otherwise, it shall take effect and be in force after the earliest period allowed by law, enacting new Section 111.13, Sale Through Trade-In, of the Codified Ordinances of the City of Lakewood, authorizing Director of Finance to sell, through trade-in various obsolete vehicles, mac~ery and/or equipment having estimated values in excess of scrap value for the purchase of replacement/new vehicles, machinery and/or equipment. WHEREAS, it is in the best interest of the City to sell through trade-in various obsolete vehicles, machinery and/or equipment to apply toward purchase costs of new vehicles, machinery and/or equipment, and; WHEREAS, trade-in values often exceed the value that would be received through the current process of sale which requires an auction or the scrap value of the item; and WHEREAS, it is fitting that the City of Lakewood obtain the best value for obsolete vehicles, machinery and/or equipment to offset the cost of purchasing replacement items; and WHEREAS, currently, the Administration is required to obtain approval of Council each and every time that a sale through trade-in is negotiated; and WHEREAS, this Council by a vote of at least five (5) of its members determines that this ordinance is an emergency measure, and that this ordinance shall take effect at the earliest date possible as set fprth in ARTICLE TII, SECTIONS 10 and 13 of the SECOND AMENDED CHARTER OF THE CITY OF LAKEWOOD, and that it is necessary to provide for the usual daily operation of municipal departments in that it is in the best interest of the City to sell, through trade-in in a tjmely manner to achieve best pricing for purchase of new vehicles, machinery and/or equipment. Now therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO Section 1. That new section 111.13, Sale Through Trade-In, of the Codified Ordinances of the City of Lakewood is hereby enacted to read as follows: 111.13 SALE THROUGH TRADE-IN The Director of Finance is hereby authorized to approve the sale of any excess or obsolete vehicles, machinery and/or equipment through trade-in to offset the purchase