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SALE OF SURPLUS PROPERTY RESOLUTION NO. 451 A RESOLUTION PROVIDING FOR THE DISPOSAL OF CERTAIN INVENTORY ITEMS DEEMED TO BE SURPLUS TO THE REASONABLY FORESEEABLE NEEDS OF THE CITY OF. WHEREAS, certain
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How to fill out sale of surplus property:

01
Obtain the necessary forms and documents from the appropriate government agency or department. These forms may vary depending on your location, so it is essential to check with the relevant authority beforehand.
02
Provide accurate and detailed information about the surplus property being sold. This may include descriptions, specifications, photographs, and any supporting documents regarding the condition or value of the property.
03
Determine a fair and reasonable asking price for the surplus property. Conduct market research or seek professional advice to ensure that the price you set is competitive and reflective of the property's value.
04
Indicate the terms and conditions of the sale. This may include payment methods, purchase agreements, any warranties or guarantees, and specific delivery or pickup instructions.
05
Include any required signatures and contact information. Make sure to sign the necessary documents and provide up-to-date contact details so that interested parties can reach you easily.

Who needs sale of surplus property?

01
Government agencies: Government entities at all levels often have surplus properties that are no longer needed or used. These could include office buildings, vehicles, equipment, or land. Selling surplus property allows governments to recoup some of the costs and reinvest in other areas.
02
Educational institutions: Schools, colleges, and universities frequently have surplus property they no longer require, such as furniture, textbooks, or laboratory equipment. Selling these surplus items can help educational institutions free up space and generate additional funds for other needs.
03
Businesses: Companies, both large and small, may accumulate surplus property over time. This can include outdated technology, excess inventory, or unused office equipment. Selling surplus property allows businesses to declutter their spaces and generate extra revenue.
04
Non-profit organizations: Nonprofits often receive donations or acquire property that they no longer need. By selling surplus items, these organizations can generate funds to support their mission or redistribute resources to better serve their beneficiaries.
05
Individuals: Anyone, including individuals, may have surplus property they wish to sell. This could be anything from personal belongings to inherited assets that are no longer needed or desired. Selling surplus property can provide individuals with monetary benefits and declutter their living spaces.
In conclusion, the sale of surplus property is relevant to government agencies, educational institutions, businesses, non-profit organizations, and individuals who have assets or items they no longer need and wish to generate funds or free up space.
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Sale of surplus property is the process of selling items or assets that are no longer needed by a business or organization.
Businesses or organizations that have surplus property to sell may be required to file a report of the sale.
To fill out a report of sale of surplus property, one may need to provide information such as the description of the property, the sale price, and the date of the sale.
The purpose of selling surplus property is to generate revenue for the business or organization and to remove unnecessary items or assets.
Information that may need to be reported on a sale of surplus property includes the description of the property, sale price, and date of sale.
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