School property, such as equipment, furnishings, equipment and/or supplies (hereafter equipment), will be disposed of when it is determined to be of no further use to the Wapello Community School District. It shall be the objective of the school district in disposing the equipment to achieve the best available price or most economical disposal.
Obsolete equipment or property other than real property having a value of no more than $25,000 shall be disposed of in a manner determined by the board. However, the sale or disposition of equipment, furnishings, or supplies disposed of in this manner shall be published in a newspaper of general circulation.
A public hearing shall be held regarding the disposal of equipment with a value of $25,000 or more prior to the board's final decision. The board shall adopt a resolution announcing the proposed sale or disposition and shall publish notice of the time and place of the public hearing and a description of the property shall be in the resolution. Notice of the public hearing shall be published at least once, but not less than 10 days and not more than 20 days, prior to the hearing date unless otherwise required by law. Upon completion of the public hearing, the board may dispose of the equipment.
It shall be the responsibility of the superintendent to make a recommendation to the board regarding the method for disposing of equipment of no further use to the school district.
Legal Reference: Iowa Code 24.9; 297.22-.25
Cross Reference: 704 Revenue
705.1 Purchasing--Bidding
803 Selling and Leasing
Approved: 12/12/1998
Reviewed: 05/09/2002; January 10, 2008; March 14, 2012; 12/11/19
Revised: 7/14/21