Ordinance 12-03 - Laserfiche WebLink

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B. Sale of Property. Surplus property,which is to be sold, is subject L to the requirements described in Minnesota Statutes Section 471.345 or Section 15.054 C Public Sale—A notice of public sale shall be listed in one of the following wUs. 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) dUs 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 part 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. E Trade-Ins - Property can be traded-in for a new acquisition, if qpproved by Council. F Lost Stolen or Damaged Beyond Repair- When property s retired from the City through one of these unexpected methods the incident will be reported to the appropriate law enforcement personnel (if a licable). 7. Persons Who May Not Purchase—£� peefien: A. No employee of the City who is a member of the administrative staff, department head, a member of the Council, or an advisor serving the City in a professional capacity,may be a purchaser of property under this Section. Other City employees may be purchasers if they are not directly involved in the sale, or sealed response process, and there has been reasonable public notice and the property is sold by public auction or sealed bid. if they af-e the Mghest r-espensible bidder-, and if at.least efi-e week's published er-posted nefiee ef sale is given. B. 14 is uFAaY&A for- y to be a ptffehaser-e f pr-epe,.ty„«ae,per-sea