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DECLARATION OF SURPLUS AND/OR OBSOLETE EQUIPMENT AND MATERIALS AND AUTHORIZING THE SALE THEREOF.
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BACKGROUND: Section 8-301 of the Code of Ordinances of the City of Norman provides that "The City Council must declare surplus or obsolete any supplies, materials, or equipment where the valuation exceeds one thousand dollars ($1,000) prior to the selling of such supplies, materials, or equipment." Once these items are declared to be surplus or obsolete, an auction will be conducted by Big Iron Online Auctions pursuant to Contract No. K-1213-122, approved by Council on July 9, 2013. Upon sale of any item sold, Big Iron will retain 7% of gross sales less sales tax as total commission and compensation. All items sold at auction are understood to be sold as is. The auction will be held in June, 2014, date to be determined.
DISCUSSION: The attached inventory sheets are supplies, materials, or equipment identified as surplus or obsolete, and are therefore being prepared for sale at auction.
RECOMMENDATION: It is recommended that the attached list of supplies, materials, or equipment be declared surplus or obsolete, and approved for sale at public auction.