Broken Arrow Municipal Authority
Meeting of: 09/17/2024
Title:
title
Approval of and authorization to declare certain Broken Arrow Municipal Authority owned vehicles and equipment as surplus and authorize the sale of those items at an online public auction
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Background:
The Broken Arrow Municipal Authority replaces certain equipment and assets when they reach the end of their useful lifecycles, at which point the cost of ownership exceeds their benefit to the community. The items listed in the attachment have reached this stage due to age, usage, or obsolescence. Upon the Authority’s approval, an online auction will be held in partnership with Purple Wave to dispose of these surplus items.
Purple Wave will handle all advertising, in compliance with state statute, as well as photography, item descriptions, and other services associated with the online listing. All items will be posted on their auction site for liquidation. This service is provided at no cost to the Authority, as compensation is included as a buyer fee on each item sold. Staff requests permission to dispose of or recycle any unclaimed, defaulted, or unsold items 60 days after the auction closes.
Oklahoma State Statute allows for online auctions as a means of liquidating such assets, and this approach has proven to be both cost-effective and efficient.
Cost: $0
Funding Source: N/A
Requested By: Ryan Baze, Director of Maintenance Services
Approved By: City Manager’s Office
Attachments: Fall Auction 2024
Recommendation:
recommend
Approve and authorize declaration of certain Broken Arrow Municipal Authority owned vehicles and equipment as surplus and authorize the sale of those items at an online public auction.
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