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RESOLUTION TO SELL SURPLUS PROPERTY

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RESOLUTION TO SELL SURPLUS PROPERTY
WHEREAS, the City of Grambling is a political subdivision of the State of Louisiana; WHEREAS, the City of Grambling has in its possession an Airmaster Aerator, "Turbo X-treme" 50 Hp aerator serial number 0547 which the Mayor and the Board of Alderman have determined is no longer needed by the City of Grambling and is hereby deemed surplus property; WHEREAS, the Mayor and the Board of Alderman have determined that the appraised value of the aerator in its current condition is five thousand dollars or less after consulting with the City Engineer and reviewing the history and general market factors; WHEREAS, La. R.S. 33:4712(F), permits the municipalities to sell at private sell moveable property that is valued at five thousand dollars or less; NOW THEREFORE, BE IT RESOLVED, by the Mayor of Grambling and the Board of Aldermen of Grambling that the City of Grambling shall sale the "Turbo X-treme" 50 Hp aerator serial number 0547 at private sale through the acceptance of sealed bids. As required by La. R.S. 33:4712(F)(1), the minimum bid for this property shall $4,500.00. IT IS FURTHER RESOLVED that the following procedure will be followed in the disposition of the property and will ensure that any and all individuals who are interested in purchasing the property will have the opportunity to do so.
1. The property may be inspected at City of Grambling’s Sewer Plant located at 7706 Highway 80W, Grambling, LA between the hours of 8:00 a.m. and 2:00 p.m. Monday thru Friday.
2. Any party interested in purchasing the property may submit a sealed bid to the Town Clerk, Grambling City Hall, 127 King Street, Grambling, LA 71245 or P. O. Box 109, Grambling, LA 71245.
3. All sealed bids must be received by the Town Clerk by December 5, 2012 at 5.p.m.
4. The sealed bids shall be opened and reported to the Board of Aldermen at the regularly scheduled meeting on December 6, 2012. The equipment shall be sold to the highest bidder provided such bid is above the minimum bid. Should the highest bidder fail or be unable to complete the purchase within seven (7) days, then the equipment shall be sold to the second highest bidder provided such bid is above the minimum bid.
IT IS FURTHER RESOLVED that this resolution shall be published once in the Official Journal of the Town of Grambling on or before November 15, 2012 and may be advertised in other manners determined by the Mayor to assist in obtaining bids for same. BE IT FURTHER RESOLVED that this resolution shall be effective immediately. This resolution having been submitted to a vote on the 1st day of November, 2012, the vote thereon was as follows:
YEAS: 5 NAYS: None ABSTAIN: None ABSENT: None
The resolution was declared adopted on this 1st day of November, 2012.
/Pamela Stringfellow/ /Edward R. Jones/
CITY CLERK MAYOR EDWARD JONES
3td: November 14, 18 & 27, 2012

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