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CITY OF NORTH OLMSTED <br />ORDINANCE N0.2010 - 9 <br />BY: Mayor Kennedy and all of Council <br />AN ORDINANCE AMENDING SECTION 955.02 OF CHAPTER 955 SALE <br />OF SURPLUS PERSONAL PROPERTY OF THE CODIFIED ORDINANCES <br />OF THE CITY OF NORTH OLMSTED REGARDING THE PROCEDURE <br />FOR SALE OF SURPL US PROPERTY TO INCL UDE AN ANNUAL PUBLIC <br />SALE. <br />WHEREAS, it is the desire of this Council to amend Section 955.02 of the Codified <br />Ordinances of the City of North Olmsted regarding the procedure for sale of surplus personal <br />property to authorize such property be sold via an annual public sale to be held on the City Hall <br />complex, in order to more easily dispose of surplus property; <br />NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED, CUYAHOGA COUNTY, AND STATE OF OHIO: <br />SECTION 1: That Section 955.02, which currently reads as follows: <br />"955.02 PROCEDURE FOR SALE. <br />"(a) Upon determining that an item of surplus property should be sold, the Director <br />shall determine, using available valuation resources, including, for example, blue or red books, <br />the fair market value of the item of property. If the Director determines that the item of property <br />has a fair market value of less than One Thousand Five Hundred ($1,500) Dollars, then the <br />Director may solicit offers to purchase the property employing any commercially reasonable <br />method for soliciting offers, including but not limited to listings upon electronic auction <br />websites, such as 'eBay,' or the Director may dispose of the property at a public auction. <br />(1) If the Director elects to solicit offers for the property, the Director shall sell the <br />property to the highest offeror, and in no event shall the property be sold for less than <br />three-fourths of its determined fair market value. Prior to entering into a contract to sell <br />the property, the Director shall submit the proposal to the Board of Control who shall, <br />within ten days, meet and, upon review, either approve or reject the proposed sale. In the <br />event the Board rejects the proposed sale, it shall publicly state its reasons for so doing. <br />(2) If the Director elects to dispose of the property at a public auction, the Director shall <br />first obtain the approval of the Board of Control prior to disposing of the property by this <br />method. <br />(3) If the Director elects to dispose of the property at an electronic auction website, the <br />Director shall first obtain the approval of the Board of Control prior to disposing of the <br />property by this method. <br />(b) If an item of surplus property is determined to have a fair market value in excess <br />of one thousand five hundred dollars ($1,500), then Council shall designate, by ordinance, a <br />commercially reasonable method for soliciting offers for the purchase of the property, including <br />