Policy A20 Disposal of Assets

Policy No. A-20


CENTRAL COAST REGIONAL DISTRICT


Policy: Disposal of Assets


Preamble: Whereas from time to time it is necessary to dispose of certain assets belonging to the Regional District and while the value of such assets is usually not significant, the articles represent expended tax dollars; and

Whereas the Board of Directors wishes to ensure that all sales of redundant assets held by the Regional District are carried out in an unbiased and fair manner; and

Whereas the Board of Directors recognizes the authority contained in Part 5, Division 5 of the Local Government Act, RSBC, 1996;

Policy: Therefore articles held by the Regional District and deemed redundant are to be disposed of as follows:

1. Any item having estimated value of less than $800.00 be posted on public notice boards located at postal outlets within the Regional District;

2. Any item having estimated value of $800.00 or more, be published in the local newspaper and simultaneously posted on public notice boards at postal outlets within the Regional District;

3. The Chief Administrative Officer and/or designate be authorized to receive any and all offers and to accept one offer that would provide the most benefit to the Regional District.



Date: May 30, 2007
Adopted: June 14, 2007