2004-061 Ordinance - Laserfiche WebLink

Home Browse Search

CITY OF NORTH OLMSTED ORDINANCE NO. 2004 - 61 BY: Council Member Gareau AN ORDINANCE AMENDING SECTION 955.02 OF CHAPTER 955 SALE OF SURPLUS PERSONAL PROPERTY OF THE CODIF7ED ORDINANCES OF THE CITY OF NORTH OL111STED REGARDING THE PROCEDURE FOR SALE OF SURPLUS PROPERTY TO INCLUDE AUTHORIZATION TO AUCTION SURPLUS PROPERTY AT ELECTRONIC AUCTION WEBSITES. WKEREAS, it is the desire of this Council to amend Section 955.02 of the Codified Ordinances of the City of North Olmsted regarding the procedure for sale of surplus personal property to authorize such property be auctioned at electronic auction websites in order to find a greater market for a variety of items and expose our products to more potential bidders as opposed to a small gathering at a live auction; NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, Ci7YAHOGA CDUNTY, AND STATE OF OHIO: SECTION 1: That Section 955.02, which currently reads as follows: "955.02 PROCEDURE FOR SALE. (a) Upon determining that an item of surplus property should be sold, the Director shall determine, using available valuation resources, including, for example, blue or red books, the fair market value of the item of property. If the Director determines that the item of property has a fair market value of less than One Thousand Five Hundred ($1,500) Dollars, then the Director may solicit offers to purchase the property employing any commercially reasonable method for soliciting offers, or the Director may dispose of the property at a public auction. (b) If the Director elects to solicit offers for the property, the Director shall sell the property to the highest offeror, and in no event sha11 the property be sold for less than three- fourths of its determined fair market value. Prior to entering into a contract to sell the property, the Director shall submit the proposal to the Board of Control who shall, within ten days, meet and, upon review, either approve or reject the proposed sale. In the event the Board rejects the proposed sale, it shall publicly state its reasons for so doing. (c) if the Director elects to dispose of the property at a public auction, the Director shall first obtain the approval of the Board of Control prior to disposing of the property by this method. (d) If an item of surplus property is determined to have a fair market value in excess of one thousand five hundred dollars ($1,500), then Council shall designate, by ordinance, a commercially reasonable method for soliciting offers for the purchase of the property, and authorize the sale of the surplus property by that method." Be, and hereby is amended, as follows: "(a) Upon determining that an item of surplus property should be sold, the Director shall determine, using available valuation resources, including, for example, blue or red books,