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ORDINANCE NO. 12-03, SECOND SERIES AN ORDINANCE AMENDING CHAPTER 3,ARTICLE 8 RELATING TO DISPOSAL OF EXCESS PROPERTY CITY OF PEQUOT LAKES COUNTY OF CROW WING STATE OF MINNESOTA The City Council of the City of Pequot Lakes does ordain as follows: Purpose and Intent: The purpose of this ordinance amendment is to amend Chapter 3, Article 8,relating to disposal of excess property. Amendment: Chapter 3, Section 3-8.2 (6), Disposal of Excess Property and(7), Persons Who May Not Purchase- Exception, shall be amended as follows: 6. Disposal of Excess Property. A. Property which is operable, but no longer useable to a particular department may be disposed, if the surplus property cannot be transferred or sold. B. Sale of Property. Surplus property, which is to be sold, is subject to the requirements described in Minnesota Statutes Section 471.345 or Minnesota Statutes Section 15.054 C. Public Sale—A notice of public sale shall be listed in one of the following ways. a. A published notice in the official newspaper stating that the City is accepting sealed offers on the capital asset or surplus property. The notice shall be published in the newspaper at least ten(10) days prior to the close of offers. b. Through an electronic selling process in which purchasers compete to purchase the surplus supplies, materials or equipment at the highest purchase price in an open and interactive environment. C. The asset shall be sold to the party who presents the highest cash offer under the stipulated terms. The City shall have the right to reject all offers. D. To Another Government Agency—Surplus property or non- expendable supplies may be sold to a government agency without going through the public sale process if approved by the City Council.