[Adopted 7-10-2013 by Res. No. 17-13[1]]
[1]
Editor’s Note: This resolution also superseded former Article VII, Sale of Borough Property, adopted 12-4-1978 by Res. No. 10-78 (Ch. I, Sec. 133, of the 1962 Code).
The Catasauqua Borough Council hereby authorizes the Borough Manager to sell the personal property of the Borough which has an estimated value of less than $1,000 pursuant to the following procedure:
A. 
The Borough Manager shall determine the value of the subject personal property (the "property") by obtaining five vendors dealing in the property, or goods substantially similar to the property, in their regular course of business.
B. 
The second lowest estimate shall constitute the minimum permissible sale price for the property (the "minimum price").
C. 
The Borough Manager may then solicit and accept written offers of purchase at a price in excess of the minimum price (individually referred to as a "purchase offer").
D. 
After three consecutive business days following receipt of the most recent purchase offer, the Borough Manager may accept the highest purchase offer received to that date and sell the property with or without prior approval of Council. In the alternative, the Borough Manager may reject all purchase offers or other offers at any time.
E. 
The Borough Manager shall report such sale at the Council meeting immediately subsequent to such sale.