Chapter 5.50
SURPLUS PROPERTY

Sections:

5.50.010    Sale of unneeded property owned by Cascade.

5.50.020    Transfer to a private party of real and personal property.

5.50.030    Sale of real or personal property of any value originally acquired for public utility purposes.

5.50.040    Intergovernmental transfer of real or personal property over $50,000 in value.

5.50.010 Sale of unneeded property owned by Cascade.

Except as provided in CWAC 5.50.020 and 5.50.030, the CEO may sell or dispose of assets of Cascade that are no longer usable, are no longer of value to Cascade, or are surplus to Cascade’s needs in accordance with informal procedures and in the best interests of Cascade. [Res. 2012-07 § 44; Res. 2010-09 § 1].

5.50.020 Transfer to a private party of real and personal property.

Approval of the Board is hereby given for the sale or disposition of any personal property valued at $2,500 or less which has been certified for disposition by the CEO. For personal property valued at more than $2,500, the Board must authorize the CEO to sell or dispose of the property. Any such sale or disposition to be made in accordance with informal procedures and in the best interest of Cascade in any commercially reasonable way including but not limited to auction, private sale, sealed bid, or through a broker or agent. [Res. 2012-07 § 44; Res. 2010-09 § 2].

5.50.030 Sale of real or personal property of any value originally acquired for public utility purposes.

For any lands, property or equipment originally acquired for public utility purposes and is not required for providing continued public utility service, the Board by resolution and after a public hearing may cause such lands, property or equipment to be sold. The Board’s resolution shall state the fair market value and such other terms and conditions for such disposition as the Board deems to be in the best public interest. [Res. 2012-07 § 44; Res. 2010-09 § 3].

5.50.040 Intergovernmental transfer of real or personal property over $50,000 in value.

Before disposing of surplus real or personal property with an estimated value of more than $50,000 in an intergovernmental transfer as authorized by RCW 39.33.010, now or as hereafter amended, the Board shall hold a public hearing in the manner and with notice as prescribed by RCW 39.33.020, now or as hereafter amended. [Res. 2012-07 § 44; Res. 2010-09 § 5. Formerly 5.50.050].