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At such times as determined by the Purchasing Agent, reports shall be prepared showing all supplies and equipment which are no longer used or which have become obsolete or worn out. The Purchasing Agent shall have the authority to sell, trade or exchange all said supplies and equipment which have a fair market value of less than ten thousand ($10,000.00) dollars. The Purchasing Agent shall have the discretion to dispose of surplus supplies and equipment which have a fair market value of ten thousand ($10,000) dollars or more either by offering them for sale in a public auction or by exchanging or trading in such supplies or equipment in part or full payment for new supplies, materials or equipment of a similar nature. Such sales will be made pursuant to subsection 3-4.3 or subsection 3-4.6, whichever is applicable. (Ord. #2006-121; Ord. #253-2021, S4)