Title
Public Auction for Police Unclaimed Property
Action
Action:
A. Adopt a resolution declaring specific equipment, and other miscellaneous items as surplus, and
B. Authorize said items for sale by public auction on December 5, 2015.
Body
Staff Resource(s):
Kay Elmore, Management and Financial Services
Explanation
§ Pursuant to North Carolina General Statute 160A-270(b) and 15-13, approval is requested for one public auction as follows:
- On December 5, 2015, at 10:00 a.m. to dispose of police unclaimed property.
§ The auction is conducted at the City’s Asset Recovery and Disposal facility located at 5550 Wilkinson Boulevard, Charlotte, North Carolina.
§ The City selected Rogers Realty and Auction Company, Inc. as the auction service provider through a competitive selection process.
§ The auction company will be compensated for the sale through auction proceeds in the following manner:
- Police unclaimed property - 9.50% of the total gross sale price.
- Net proceeds from the sale will be paid to the Charlotte Mecklenburg Board of Education, per General Statute 15-15.
Fiscal Note
Funding: Not Applicable
Attachments
Attachment
Property List
Resolution