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(c) Not more than once annually, the Mayor may schedule a sale of surplus property <br />via a public sale. Such public sale may include surplus property found within any Department or <br />Division within the City, provided each item of property has a fair market value of less than two <br />hundred fifty dollars ($250.00). The procedure shall be as follows: <br />(1) A list of surplus property to be offered for sale shall be assembled by the Mayor <br />or his designee. The Mayor or his designee shall establish the fair market value of the item of <br />property to be offered for sale. <br />(2) The Mayor or his designee shall submit the list of surplus property to be sold with <br />corresponding fair market value to the Board of Control. The Board of Control shall (a) approve <br />or disapprove of the items to be offered for sale; and (b) approve or disapprove of the fair market <br />value determination. <br />(3) The Mayor shall select a location, date and hours for the public sale of surplus <br />property. The location, date and hours of the public sale shall be announced on the City website, <br />the City cable channel and shall be published at least once in a newspaper of general circulation. <br />(4) The surplus property approved for sale by the Board of Control shall be offered <br />for sale at the noticed public sale. No item of surplus property shall be sold for less than the <br />approved fair market value. <br />SECTION 2: That this Ordinance shall take effect and be in force on and after the <br />earliest period provided for by law. <br />PASSED:ilN��'� First Reading: <br />Second Reading: IM 1 / 1/16 <br />Third Reading: U / 15 % 2�'l <br />Committee: (���f,c <br />ATTE <br />LE <br />Y/ A NICOLE DAIOS <br />Clerk of Council President of CoJ <br />APPROVED <br />K VIN M. KENNEDY <br />Mayor <br />APPROVED AS TO FORM.• <br />Is/Michael R. Gareau, Jr. <br />MICHAEL R. GAREA U, JR. <br />Director of Law <br />