Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Accept The Bid Submitted By Harter's Transport, LLC For The Purchase Of A City Owned 2008 Peterbilt Model 320 W/Automated 22 Cubic Yard Sideloader Refuse Truck, As Surplus Property In The Amount Of $81,111.11.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
The Department of Public Works identified one (1) 2008 Peterbilt Model 320 w/Automated 22 Cubic Yard Sideloader Refuse Truck, Vehicle #1224, in their fleet vehicle inventory which provided no continuing operational function and declared the vehicle unit to be excess and surplus.
The City purchased the vehicle in 2008, at a cost of $201,581.00, to be utilized in the City's sanitation operation and the vehicles estimated resale value was determined to be in excess of $100,000.00.
Section 38.45 (C) of the City's Purchasing Ordinance, requires that the sale of surplus property valued in excess of $25,000.00 shall be made to the highest bidder by competitive bids in conformance with Section 38.42 of the City's Purchase Ordinance or by public auction.
Section 38.45 (D)(2) of the City's Purchasing Ordinance sets forth the procedures for Public Auctions which requires that any surplus property proposed to be sold by public auction shall be appraised by two independent appraisers if the property is estimated to have a value in excess of $100,000.00 and the reserve price shall be equal to 85% of the average of the two appraisal prices.
The Procurement Services Division, in conjunction with the Public Works Fleet Management Division, requested and received two independent vehicle appraisals whose results were $122,500.00 and $148, 600.00.
Based upon the two appraisal prices received, 85% of the average of the two appraisals was determined to be $115,212.50 which was established as the reserve price or minimum price the City could a...
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