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ORDINANCE NO. _, SECOND SERIES <br />�- AN ORDINANCE AMENDING CHAPTER 3, ARTICLE 8 RELATING TO <br />DISPOSAL OF EXCESS PROPERTY <br />CITY OF PEQUOT LAKES <br />COUNTY OF CROW WING <br />STATE OF MINNESOTA <br />The City Council of the City of Pequot Lakes does ordain as follows: <br />Purnose and Intent: The purpose of this ordinance amendment is to amend Chapter 3, <br />Article 8, relating to disposal of excess property. � <br />Amendment: Chapter 3, Section 3-8.2 (6), Disposal o� <br />Who May Not Purchase - Exception, shall be amended as <br />Disnosal of Excess Propertv. <br />A. Property which is operal <br />department may be di�osed, if <br />or sold. L <br />Sale of Property. <br />� <br />Persons <br />�a particular <br />be transferred <br />which is to be sold, is subject <br />Statutes Section 471.345 or <br />sale shall be listed in one of the <br />Cotice in the official newspaper stating that the <br />ed offers on the capital asset or surplus <br />shall be published in the newspaper at least <br />prior to the close of offers. <br />b. Through an electronic selling process in which purchasers <br />�pete to purchase the surplus supplies, materials or equipment <br />t the highest purchase price in an open and interactive <br />environment. <br />c. The asset shall be sold to the party who presents the highest <br />cash offer under the stipulated terms. The City shall have the right <br />to reject all offers. <br />D. To Another Government Agency — Surplus property or non- <br />expendable supplies may be sold to a government agency without going <br />through the public sale process if approved by the City Council. <br />� <br />