Title
Public Auction for Disposal of Surplus Equipment
Action
Action:
A. Adopt a resolution declaring specific vehicles, equipment, and other miscellaneous items as surplus,
B. Authorize said items for sale by public auction on January 12, 2019, and
C. Authorize the City Manager to approve certain administrative and storage fees as may be required from time to time for auction events.
Body
Staff Resource(s):
Robert Campbell, Finance
Kay Elmore, Finance
Explanation
§ Pursuant to North Carolina General Statute 160A-270(b), approval is requested for a public auction on January 12, 2019, at 9:00 a.m. to dispose of City-owned property declared as surplus.
§ The Finance Department provides asset recovery and disposal services to City departments, Mecklenburg County, Emergency Management Services, and the Charlotte Housing Authority.
§ Auctions are conducted at the City’s Asset Recovery and Disposal facility located at 5550 Wilkinson Boulevard (Council District 3).
§ On January 11, 2016, Council approved a contract with Rogers Realty and Auction Company, Inc. for auctioneer and related services as the result of a competitive selection process.
§ The auction company will be compensated 8.5 percent of the total gross sale price of rolling stock and miscellaneous items through auction proceeds.
§ Proceeds from the auction are distributed to the City’s General Fund and to the City’s Enterprise Funds (i.e., Aviation, Charlotte Water, and CATS), and other agencies based on asset ownership.
Attachments
Attachment(s)
Property Lists (Exhibit - A city owned property)
Delegation of Authority
Resolution