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Relinquishing and Disposing of City-Owned Property
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Relinquishing and Disposing of City-Owned Property

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Questions and Answers

What is the minimum estimated current value for property that may be held by the Purchasing Division and placed in a lot of two or more similar items to be auctioned?

  • $100 or more
  • $50 or more
  • $50 or less (correct)
  • $100 or less
  • What must be provided for a trade-in?

  • A quote from the vendor that includes the new item to be purchased with its value and an itemized list of the trade-in items with their value (correct)
  • Nothing, trade-ins are not allowed
  • The date of initiation, contact person and telephone number, item description, location, manufacturer, model number, serial number, fixed asset number, estimated current value, unit number, condition, reason for request, and transfer and trade-in information if applicable
  • Pictures and a description of the item to be placed on the contracted auction website approved by PMD
  • What is the method of disposal for property in fair, poor, or trash condition with an estimated current value of $50 or less?

  • Donated to charity
  • Discarded unless traded in (correct)
  • Held by the Purchasing Division and placed in a lot of two or more similar items to be auctioned
  • Designated for auction unless traded in
  • What must be included in the Request to Relinquish Surplus Form?

    <p>The date of initiation, contact person and telephone number, item description, location, manufacturer, model number, serial number, fixed asset number, estimated current value, unit number, condition, reason for request, and transfer and trade-in information if applicable</p> Signup and view all the answers

    What is the condition required for property to be designated for auction?

    <p>Excellent, good, fair, or poor</p> Signup and view all the answers

    Where is the WastePro dumpster located for disposing of property?

    <p>On Port St. Lucie Police Department property</p> Signup and view all the answers

    What happens if the winning bidder at auction does not pay?

    <p>The item will be held for seven days before being placed for rebid</p> Signup and view all the answers

    Who can provide assistance in selecting the method of disposal for property?

    <p>The Purchasing Division</p> Signup and view all the answers

    What must be provided for an item to be placed in a lot of two or more similar items to be auctioned?

    <p>Property in excellent, good, fair, or poor condition with an estimated current value of over $50</p> Signup and view all the answers

    What is the minimum estimated current value for property to be designated for auction?

    <p>$50</p> Signup and view all the answers

    What is the method of disposal for property in fair, poor, or trash condition with an estimated current value of $50 or less?

    <p>Discard</p> Signup and view all the answers

    What information is required for a trade-in request?

    <p>Quote from the vendor with new item to be purchased and itemized list of trade-in items with their value</p> Signup and view all the answers

    What happens if the winning bidder at auction does not pay?

    <p>The item will be held for seven days before being placed for rebid</p> Signup and view all the answers

    Who is responsible for removing disposed property from an employee's personal inventory list?

    <p>The Purchasing Division</p> Signup and view all the answers

    What factors determine the method of disposal for City-owned property?

    <p>Condition, functionality, and estimated current value</p> Signup and view all the answers

    What information must be included on the Request to Relinquish Surplus Form?

    <p>Reason for request, transfer and trade-in information if applicable, and all of the above</p> Signup and view all the answers

    What is the minimum estimated current value for property to be held by the Purchasing Division and placed in a lot of two or more similar items to be auctioned?

    <p>$50 or less</p> Signup and view all the answers

    What must be provided before items can be shipped or picked up for trade-in?

    <p>An approved quote from the vendor</p> Signup and view all the answers

    Study Notes

    Guidelines for Relinquishing and Disposing of City-Owned Property

    • Police Department personnel must fill out a Request to Relinquish Surplus Form before disposing of City-owned property.
    • The form must include the date of initiation, contact person and telephone number, item description, location, manufacturer, model number, serial number, fixed asset number, estimated current value, unit number, condition, reason for request, and transfer and trade-in information if applicable.
    • The method of disposal for the property is determined based on its condition, functionality, and estimated current value.
    • Property in excellent, good, fair, or poor condition with an estimated current value of over $50 will be designated for auction unless traded in.
    • Property in excellent, good, fair, or poor condition with an estimated current value of $50 or less may be held by the Purchasing Division and placed in a lot of two or more similar items to be auctioned.
    • Property in fair, poor, or trash condition with an estimated current value of $50 or less will be discarded unless traded in.
    • For trade-in, a quote from the vendor that includes the new item to be purchased with its value and an itemized list of the trade-in items with their value must be provided. Items cannot be shipped or picked up until the approved relinquish form is received by the Purchasing Division, and the contact person is notified.
    • For auction, pictures and a description of the item will be placed on the contracted auction website approved by PMD. The highest bidder will be contacted for payment, and the property will be relinquished after payment has been collected.
    • If the winning bidder does not pay, the item will be held for seven days before being placed for rebid.
    • For trash, the item will be disposed of in the WastePro dumpster located on Port St. Lucie Police Department property.
    • If the disposed property is listed on an employee's personal inventory, the Purchasing Supervisor or designee will remove it from the employee's personal inventory list.
    • The Purchasing Division can provide assistance in selecting the method of disposal for the property.

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    Description

    Test your knowledge on the guidelines for relinquishing and disposing of city-owned property in this informative quiz. Understand the mandatory steps required to dispose of property, including the condition and estimated value of the item. Learn about the various methods of disposal, such as auction, trade-in, and trash, and the requirements for each. Don't miss out on this opportunity to enhance your understanding of the procedures for relinquishing and disposing of city-owned property.

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