public auction. The date of opening of bids or public auction
shall be announced in the advertisement, and sale of the
property advertised shall be made to the best responsible
bidder.
* * *
(b) Exception for small value sales.--Council shall, by
resolution, adopt a procedure for the sale of surplus personal
property, either individual items or lots of items, of an
estimated fair market value of less than [$1,000] $2,000. The
approval of council shall not be required for any individual
sale that shall be made in conformity to the procedure.
* * *
Section 2. Section 12402.1(c) of Title 11 is amended to
read:
§ 12402.1. City property and affairs.
* * *
(c) Sale of personal property.--
(1) No personal property of the city shall be disposed
of, by sale or otherwise, except upon approval of council by
resolution.
(2) Council shall estimate the sale value of the entire
lot to be disposed of.
(3) If council estimates the sale value to be less than
[$1,000] $2,000, council may sell the property, in whole or
in part, for the best price or prices obtainable.
(4) If council estimates the sale value to be [$1,000]
$2,000 or more, the entire lot shall be advertised for sale
in at least one newspaper of general circulation in
accordance with the provisions of section 10109 (relating to
publication of notices), and sale of the property advertised
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