Any proposal for sale or disposal of real property must be approved by five members of the Lincoln Board of Education at a regular meeting.
Proceeds from the sale of real property shall become a part of the current building fund.
Other property items that are non-salvageable for reuse in the District shall be sold or disposed of at auction to the highest bidder or advertised for sale or otherwise sold at market value. Other property items that have little or no value shall be discarded or recycled as appropriate. The Associate Superintendent for Business Affairs in his/her discretion or a designee is hereby delegated full power and authority for and on behalf of the District to administer the other property sale or disposal program of the District to include determining sale or disposal method, contracting with an auction company approved by the Board, online or otherwise, to conduct auctions as needed, executing sale or disposal documents for and on behalf of the District, directing which fund proceeds of the sale shall become a part of, and taking all other actions necessary or appropriate to complete the sale or disposal of other property. Any such sale or disposal of other property is contingent on approval by five members of the Lincoln Board of Education at a regular meeting.