TO: Honorable Mayor & Members of the North Port Commission
FROM: Jason Yarborough, ICMA-CM, Interim City Manager
TITLE: Approve the Disposition of Surplus Assets in an Appropriate Fashion Pursuant to Chapter 2 Administration, Article VIII Procurement, Section 2-419, Disposition of City Assets and Property (d), (1) of the Code of the City of North Port, Florida.
Recommended Action
Approve the Disposition of Surplus Assets in an appropriate fashion pursuant to Chapter 2 Administration, Article VIII Procurement, Section 2-419, Disposition of City Assets and Property, (d), (1), of the Code of the City of North Port, Florida.
Background Information
The Department of Finance shall be deemed responsible for the disposition of City surplus assets. Chapter 2 Administration, Article VIII Procurement, Section 2-419, Disposition of City Assets and Property, (d), (1), of the Code of the City of North Port, Florida, stipulates that assets with an original purchase value greater than the threshold limit set forth in Florida Statutes 274.06 shall receive City Commission approval for disposal and may then be disposed of in the following fashion:
(1) Sold. Surplus assets determined to have no useful purpose for the City or other public entities yet still having some intrinsic value may be held for inclusion in an auction or other city sale, such as closed bidding.
(2) Discarded. Surplus assets determined to have no useful purpose and no value for the City, or any other entity, may be discarded in the trash.
(3) Donated. Surplus assets determined to have no useful purpose for the City yet still containing some intrinsic value may be donated by the City commission to a nonprofit agency or governmental agency.
Strategic Plan
Financially Responsible City Providing Quality Municipal Services.
Financial Impact (if applicable)
Revenue will be received by the fund which purchased the equipment being disposed.
Procurement
Not applicable.
Attachments:
1. Asset ...
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