ADMINISTRATIVE COMMITTEE

 

4.

DECLARATION OF SURPLUS ASSETS

 

Meeting Date:

May 8, 2017

Budgeted:

N/A

 

From:

David J. Stoldt

Program/

 

General Manager

Line Item No.:

N/A

 

Prepared By:

Suresh Prasad

Cost Estimate:

N/A

 

General Counsel Approval:N/A

Committee Recommendation:The Administrative Committee reviewed this item on May 8, 2017 and recommended ______________.

CEQA Compliance:N/A

 

SUMMARY:In accordance with Article 16, Section 6 of the California Constitution, the District, as a public entity, may dispose of property that it no longer needs provided that such property is transferred for fair and adequate value.The District may establish its own internal controls to ensure that value is accurately assessed.In the event the excess property has no value, the District may establish its own rules and protocol for disposal.On July 21, 2003, the Board of Directors adopted a Policy Regarding Disposal of Surplus Property. The guidelines set forth in the Districtís policy state that Surplus District property that is determined to have no value may be donated to a non-profit organization that is willing to accept it or disposed of at a landfill or by other appropriate manner. Items listed on Exhibit 4-A have been determined to be of no value and needs to be declared as surplus.

 

RECOMMENDATION: Declare the items listed on Exhibit 4-A as surplus assets to be either donated or disposed at the Monterey Regional Waste Management District.

 

EXHIBIT

4-A††††† Surplus List

 

 

file:///U:\staff\Board_Committees\Admin\2017\20170508\04\Item-4.docx