DISPOSITION OF OBSOLETE EQUIPMENT
School property, such as equipment, furnishings, equipment and/or supplies (hereafter equipment), will be disposed of when it is determined to be of no further use to the school district. It shall be the objective of the school district in disposing of the equipment to achieve the best available price or most economical disposal.
Obsolete equipment having a value of less than $5000 shall be disposed of in a manner determined by the superintendent or his/her designee. If the manner of disposal is determined to be by public auction, such sale shall be published in a newspaper of general circulation. The publication of the sale shall be published with at least one insertion each week for two consecutive weeks.
A public hearing shall be held regarding the disposal of equipment with a value of $5,000 or more prior to the board’s final decision. The board shall adopt a resolution announcing the proposed sale and shall publish notice of the time and place of the public hearing and the description of the property shall be in the resolution. Notice of the public hearing shall be published at least once, but not less than ten (10) days and not more then twenty (20) days, prior to the hearing date. Upon completion of the public hearing, the Board may dispose of the equipment.
It shall be the responsibility of the superintendent to make a recommendation to the Board regarding the method for disposing of equipment of no further use to the school district.
Legal Reference: Iowa Code §§ 297.22-.25 (2007)
Cross Reference: 704 Revenue
705.1 Purchasing - Bidding
803 Selling and Leasing