Disposal of Surplus Property Policy
The River Forest Public Library Board of Trustees has the authority, pursuant to 75 ILCS 16/30-55.32 to declare personal property surplus and provide for its disposal. The property may be sold or disposed as follows:
Surplus property is any personal owned by the Library that is no longer needed for the provision of library services.
DECLARING PROPERTY SURPLUS:
Only property having a monetary value need be declared surplus. Property that is obsolete or broken and has no useful value may be disposed of without notice.
•The Director is authorized to declare as surplus, library materials whose unit value is estimated to be less than $1,000.
•The Board of Trustees is authorized to declare as surplus, library materials with an estimated unit value of $1,000 or more.
DISPOSAL AND SALE OF SURPLUS PROPERTY:
Surplus library materials whose estimated unit value is less than $1,000 shall be sold by the method that will most efficiently and effectively provide the Library with the greatest net monetary return. The Director will report results to the Board.
Surplus library materials valued at $1,000 or more shall be disposed of at a public auction; if no reasonable bids are received, they may be sold by the method that will most effectively and efficiently provide the Library with the greatest net monetary return. The Facility Committee will report results to the Board.
Exceptions: Property of any value may be donated to a tax supported library or library system.
ADOPTED BY THE RIVER FOREST PUBLIC LIBRARY BOARD OF TRUSTEES
July 25th, 2013