ITEM TITLE:
#25-46 - Authorizing the Sale of a Surplus 2009 John Deere 3520 Tractor with Attachments
SUBMITTED BY: John Witte, Director, Public Works Department
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Authorize the sale of the 2009 John Deere 3520 Tractor with attachments as surplus property, with a minimum acceptable bid (reserve) of $15,000.
SUMMARY STATEMENT:
The City of Valdez currently owns a 2009 John Deere 3520 4x4 Tractor with multiple attachments. The tractor has been appraised at a fair market value of $30,000. Public Works has identified the equipment as surplus to the City’s needs and recommends disposal through online public sale through govdeals.com. Pursuant to Valdez Municipal Code § 4.06.020, “No surplus or obsolete supplies, equipment or personal property of a fair market value in excess of ten thousand dollars may be disposed of by any means without city council approval. The city manager shall recommend to the city council the minimum acceptable bid.”
The City Manager recommends setting the minimum acceptable bid price at no less than $15,000. Approval of this action will allow the City to advertise the equipment for sale, with proceeds deposited into the Major Equipment Reserve within the general fund.