ITEM TITLE:
Approval to Sell Surplus 2003 Ford E450 on GovDeals.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 the surplus 2003 Ford E450 vehicle on GovDeals.com, with a reserve price of $17,000.50, as recommended by the City Manager.
SUMMARY STATEMENT:
The Fleet Manager has determined that the 2003 Ford E450 is no longer required for municipal operations and has designated the vehicle as surplus. An independent appraisal determined the fair market value of the vehicle to be $29,999.00.
In accordance with VMC 4.06.020 - Approval of Sale and Disposal of Surplus City Property, items with a fair market value over $10,000 require city council approval prior to disposal. The City Manager recommends setting an initial minimum acceptable bid (reserve price) at $17,999.40 to encourage competitive bidding.
The sale will be conducted via public auction on GovDeals.com, an online government surplus auction platform that supports open and competitive bidding. To ensure the vehicle is sold in a timely manner, Council approval is also requested to authorize the Public Works Director to lower the reserve price, if necessary, after a reasonable period has passed without a successful bid.