Title
Surplus Property Sale (NB)
Explanation
There are approximately 2,000 surplus property items stored at the City's Surplus Lot located at the Public Works Center on 39th Avenue. These surplus items consist of scrap materials, office equipment, furniture, construction equipment, vehicles, abandoned and unclaimed property and miscellaneous items. The surplus property auction is planned for Saturday, May 14, 2005.
Fiscal Note
The City expects to generate revenues in excess of $200,000 as a result of the auction. At the $200,000 level, the cost to the City would be $12,500 based on the 6.25% auctioneer's contracted rate.
Recommendation
The City Commission declare all materials, equipment and vehicles presently stored at the Surplus Lot as surplus property and authorize the sale of such property.