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Council reviews surplus inventory resolution to clear shop yard items for auction
Summary
Staff presented Resolution 112024 to declare certain municipal items surplus for sale after some equipment missed earlier auctions; staff said the town's online auction program has returned significant revenue since launch.
Public works staff presented Resolution 112024, a surplus inventory list for items left in the shop that were not included in an April auction. Staff told the council the town now uses an online auction website that draws national buyers and has returned roughly $120,000 since use began. The sample given included two recent pickup truck sales that brought about $10,000 each.
Council members asked how estimated values were determined; staff said they used auction listings, NADA and comparable auction results to set estimated values. The council did not take an immediate separate vote on the resolution during the discussion recorded; staff offered to answer further questions about any listed item.
