School Property Disposal Procedures
The following definitions shall apply to school property disposal:
- Obsolete – That which is no longer acceptable or useable in relation to program equipment standards.
- Surplus – That which is in excess of immediate and/or foreseeable needs.
- Non-salvageable – That which cannot be economically repaired, has little or no economic value, and has no immediate or foreseeable use.
The Board may sell, convey, dispose of or lease district property which is obsolete, surplus or non-salvageable or which has limited or no future value to the district.
The Board may sell district-owned real estate at private sale, at public auction or by sealed bid. Notices of sales at auction or by sealed bid shall be published as outlined in this policy.
The Board may sell district-owned property over the value of $300 at auction or by sealed bid. Notice of such sale shall be published as outlined in this policy. Other property having a value of less than $300, as determined by the superintendent or designee, may be disposed of as deemed applicable.
The Board may lease district-owned property that is not immediately needed by the district as allowed by law.
When a notice is required to be published prior to sale or lease of district property or real estate, as outlined in this policy, the notice shall:
- identify the property to be sold or leased
- specify the date and time at which the sale shall be held or by which bids shall be received
- reserve the right to refuse all offers
- contain such other terms and conditions attached to the transaction as the Board deems appropriate.
Such notice shall be published at least one time in a newspaper of general circulation within the district at least seven days prior to the proposed sale or bid opening.
Adopted: August 22, 2006
Revised: September 23, 2014
LEGAL REFS.: C.R.S. 22-32-110 (1)(e) (power to sell, lease and convey district property)
C.R.S. 22-54-110 (2)(d) (loans in form of lease-purchase agreements with state treasurer)
C.R.S. 24-18-202 (public officials can’t be purchasers at sale of public property)
Huerfano School District Re-1, Walsenburg, Colorado