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Finance committee approves revised surplus-property policy to include real estate, raise approval threshold to $25,000
Summary
The Finance Committee unanimously approved revisions to Financial Policy F15 to add real-estate sales to the surplus-property process, raise the council-approval threshold from $10,000 to $25,000, and document marketing and oversight steps for disposition.
The City of Waukesha Finance Committee voted unanimously on Sept. 30 to approve revisions to Financial Policy F15 governing disposition of surplus property. The revisions expand the policy to cover real estate, clarify sales procedures and oversight, and raise the dollar threshold that requires specific council approval.
What changed - Scope: The revised policy explicitly includes real estate in addition to vehicles, equipment and other personal property. Staff said the change aligns practice with recently completed property dispositions and ensures consistent public processes. - Approval…
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