ITEM TITLE:
Auction Report: 2008 Ford F150
SUBMITTED BY: John Witte, Public Works Director
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Receive and file the auction results for the 2008 Ford F150.
SUMMARY STATEMENT:
The 2008 Ford F150 was auctioned in accordance with Valdez Municipal City Code 4.06.020. The vehicle was sold for $2,975.00, with a fair market value set at $5,636.00. and a reserve set at $2,818.00. The proceeds from this sale will be utilized in accordance with the City’s budgeting processes.