Legal Documents of Jefferson City

Code of Jefferson City

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 5 Purchasing » § 5-522 Items estimated to have monetary value.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Jefferson City
Title 5 : Municipal Finance and Taxation
Chapter 5 : Purchasing

5-522 : Items estimated to have monetary value.

When disposing of items estimated to have monetary value, the purchasing agent shall follow the following procedures:

  1. Obtain from city council a resolution declaring said item(s) surplus property and fixing the date, time, and place for the purchasing agent to receive bids.
  2. A copy of the resolution shall be posed in three locations in the city.
  3. Such equipment or materials shall be sold to the highest bidder. In the event the highest bidder is unable to pay within twenty-four hours, the item shall be awarded to the second highest bidder.
  4. All pertinent information will be noted in the fixed asset records of the city as to the disposal of the items.
  5. The advertisement, bids, and property cards shall be retained for a minimum period of five years. (1996 Code, § 6-522)