ITEM TITLE:
Approval of the Sale of a Surplus 2015 Chevrolet Tahoe on GovDeal.com
SUBMITTED BY: John Witte, Public Works Director
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Approve the sale of a surplus 2015 Chevrolet Tahoe with a reserve price set at $10,551.80, which is 30% below the vehicle’s appraised value of $15,074.00, in accordance with VMC 4.06.020.
SUMMARY STATEMENT:
The Fleet Manager has determined that the 2015 Chevrolet Tahoe is no longer required for municipal operations and has been designated as surplus. The vehicle has been appraised at a value of $15,074.00. To facilitate the sale and ensure competitive bidding, a reserve price has been set at $10,551.80, which is 30% below the appraised value.
Per VMC 4.06.020 - Approval of Sale and Disposal of Surplus City Property, no surplus or obsolete supplies, equipment, or personal property with a fair market value exceeding $10,000 may be disposed of without city council approval. The city manager shall recommend to the city council the minimum acceptable bid.
The sale will be conducted via public auction on GovDeals.com, an online government surplus auction platform, to ensure transparency and competitive bidding. City council approval is requested to proceed with the sale.