Agenda - 3-21-16 Reg. Meeting - Laserfiche WebLink

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Qj3 LEE COUNTY Committed Today for a Better Tomorrow LEE COUNTY BOARD nF DnMnni��inniFRc ITEM ABSTRACT ITEM NO. II. C. _ Information Meeting Date: March 21, 2016 _ Action Item XX Consent Agenda SUBJECT: Consider Sale of Surplus Personal Property by Private Sale DEPARTMENT: Administration CONTACT PERSON: John Crumpton, County Manager REQUEST: Declare as surplus approximately 8,500 surplus plastic pallets used for shipping yarn, and authorize the County Manager to sell such pallets by private sale. SUMMARY: On October 7, 2010, Lee County was awarded a Golden LEAF grant thereby allowing the County to purchase and subsequently lease to Frontier Spinning approximately 8,500 pallets to be used for shipping yarn. On March 21, 2011, Lee County and Frontier Spinning entered into an Equipment Lease Agreement for those pallets. The Lease Agreement expires on May 22, 2016, and at that time, Lee County will own approximately 8,500 pallets that will be surplus to its needs. Pursuant to NCGS §160A-266, the County is authorized to sell by private sale personal property worth less than $30,000. The Manager has been working with Frontier Spinning to negotiate a sale, as well as looking into other markets that may be interested in the pallets. State statute requires that the Board authorize the private sale, publish notice in the newspaper, and then the sale can be made. BUDGET IMPACT: N/A ATTACHMENT(S): (1) Resolution, and (2) Equipment Lease Agreement with Frontier Spinning PUBLIC HEARING: No PRIOR BOARD ACTION: N/A RECOMMENDATION: Declare the pallets as surplus personal property valued at less than $30,000, instruct the Clerk to the Board to publish notice of the attached resolution, and authorize the County Manager to sell the surplus pallets.