Article 10. Sale of Personal Property
1-1001 Sale of personal property; applicability.
1-1002 Sale of personal property; proceeds.
The proceeds of the sale of used or obsolete or unclaimed personal property shall be deposited with the City Treasurer, along with a written report of such sale showing the following information:
1-1003 Crediting monies derived from sale.
All monies derived from sales of personal property shall be credited by the City Treasurer to the General Fund.
1-1004 Disposal by trade.
The City Administrator or Mayor if there is no City Administrator may, if deemed in the best interests of the City, dispose of used or obsolete personal property by trade in lieu of disposing of such personal property by sale. If property is disposed of by trade, a written report of such trade shall be submitted to the City Treasurer, showing the following information:
1-1005 Disposal by other than sale or trade.
If personal property has no value or negligible value, the City Administrator or Mayor if there is no City Administrator may order the disposal of such property by means other than sale or trade, e.g., by gift, by transfer to a recycler, by disposing of property as trash, etc. Reports are not required when personal property of no value or negligible value is disposed of by transfer to a recycler or as trash. If said property is disposed of by gift, a report identifying the following information shall be provided to the City Treasurer: