Fort Smith |
Code of Ordinances |
FORT SMITH MUNICIPAL CODE |
Chapter 2. ADMINISTRATION |
Article V. FINANCE |
Division 3.1. SALE, LEASE OR EXCHANGE OF PERSONAL PROPERTIES |
§ 2-204. Same—When not required.
Latest version.
No property owned by the city shall be sold, exchanged or transferred without competitive bidding unless the city administrator shall certify in writing that in his opinion the fair market value of such property is less than five thousand dollars ($5,000.00).
(Code 1976, § 2-160; Ord. No. 36-01, § 8, 6-19-01)