3.36.030 Sale by bid or auction.
As an alternative to the method of sale in the open market, the purchasing officer shall, in all cases where the estimated value of personal property is five thousand dollars or more, and may, in the sale of all other personal property where, in his discretion, he determines it in the best interest of the city, sell surplus personal property by means of sealed bid or public auction.
A. The procedure for conducting such sale shall be determined by the purchasing officer, providing, however, that the following are included in such procedure:
1. At least one notice, three days before the sale, shall be published in a newspaper of general circulation published and distributed in the city, containing a general description of the type of property to be sold and the time and place of such bid opening or auction;
2. That the terms of all sales shall be cash;
3. The sale by sealed bid or auction shall be to the highest responsible bidder;
4. That a receipt be given to the purchaser and a copy of such receipt, together with the money received, be deposited in such fund from which the personal property was originally purchased. In conducting an auction, the purchasing officer may contract with a professional auctioneer, and his fee may either allow a flat fee, or an hourly fee. (Ord. 88-16 Art. 2 § 18, 1988)