about Surplus Property
- If there are no listings on this page then there is no surplus property being offered for sale at this time.
- All property is offered using a Sealed Bid process, publicly advertised, with sealed bids accepted and the highest bidder selected.
- All bids MUST be in a sealed envelope with the item name printed on the outside.
- All bids MUST be received by the date indicated on the advertisement posted on this page.
- ALL itmes are sold AS-IS…..No warranty offered or implied by the Village.
FAQs
What is surplus property?
Surplus property refers to items the village no longer needs for its operations, including equipment, tools, supplies, vehicles, and even real estate.
Why does the village dispose of surplus property?
Disposing of surplus property allows the village to recover some financial value from items no longer needed, free up storage space, and ensure taxpayers are not paying to store unused items.
How does the village determine what is surplus?
Typically, the Department Heads determine when property is no longer useful to the Village followed by a resolution by Village Council to dispose of such property.
What are the methods for disposing of surplus property?
Common methods include:
- Sealed Bids: Following public notice, property is sold to the highest and best bidder.
- Donation: To other government entities, non-profit organizations, or public benefit conveyances (for real estate).
- Public Auctions: Online (like GSA Auctions) or live auctions to the highest bidder.
- Trade-in: Receiving credit for surplus property when purchasing new replacements.
- Scrap Value/Discarding: For property with minimal to no market value.
Are there any guarantees or warranties on surplus property?
Surplus property is sold “as is.” While descriptions are typically provided, buyers are encouraged to inspect the items before purchase as the Village does not guarantee the condition of the items after the sale.