[HISTORY: Adopted by the Town Meeting 5-8-1988 ATM, Art. 98, as Sec. 20.7 of the General Bylaws. Amendments noted where applicable.]
The Board of Selectmen may, by vote, order the sale or disposal of Town property deemed surplus, which has a value of under five thousand dollars ($5,000).
The Board of Selectmen shall have the right to approve trade-ins of similar property when awarding contracts.
The Board of Selectmen may, by vote, require a public auction of surplus property. This right shall not apply to Town owned land, buildings, permanent facilities or other items identified by statute.
With the exception of trade-ins of similar property, a period of 14 days shall expire between the vote and any action on the item(s). This will permit the Board of Selectmen to hear any comments from the public and allow the Board its right to change their course of action.
Any other sale of surplus property over the amount specified above shall require the approval of the Town Meeting.
Town Meeting shall, by majority vote, order the sale or disposal of all Town property which is above five thousand dollars ($5,000) in estimated value except in transactions involving the trade-in or disposal of property involved in a procurement or acquisition of similar item(s); those items involved in a legally advertised auction or public sale of Town owned surplus property.