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ITEM: AUTHORIZATION OF DISPOSITION OF SURPLUS TANGIBLE PERSONAL PROPERTY AND DISPOSITION OF SURPLUS REAL PROPERTY
REQUEST: Authorization to approve FY 2018 semi-annual disposition of surplus tangible personal property and surplus real property.
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EXPLANATION: Staff is seeking authorization to approve disposition of:
1. Surplus Tangible Personal Property
The following is a summary of twenty-five (25) surplus items of tangible personal property (TPP) or fixed assets meeting disposition criteria per the Village's Purchasing and Procurement Manual (Exhibit A attached). The initial total cost of these items was $463,685.41, with an accumulated total depreciation of $450,824.60, resulting in a current value of $12,860.81.
Nineteen (19) assets will be sold through GovDeals, the Village's approved public auction vendor; the remaining items will be disposed, through other approved methods:
DISPOSITION SUMMARY
Selling
Scrapping
Donating
Total Surplus
Acquisition Cost of Items
$214,890.89
$195,169.52
$53,625.00
$463,685.41
Accumulated Depreciation
$207,229.75
$189,969.85
$53,625.00
$450,824.60
TOTAL NET VALUE
$7,661.14
$5,199.67
$0.00
$12,860.81
Surplus TPP or fixed assets are identified annually as part of a Village-wide departmental inventory and condition assessment. A master list of these fixed assets, verified by OFMB, is categorized as no longer useful or to be replaced.
The Public Works Department (Fleet Maintenance) evaluated the heavy equipment proposed for disposition, and determined that due to their age, condition and high cost of maintenance, replacement is recommended. This process, including the various methods of disposition, is consistent with the Village's Purchasing and Procurement Policy and Florida Statutes.
2. Surplus Real Property
The Village recently received a Letter of Intent for the purchase of Acme/Village owned property located at 12600 Wellington Trace (Property Control Number 73-41-44-03-12-002...
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