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RES NO 08-05-2006 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 5 -2006 A RESOLUTION AUTHORIZING THE MAYOR TO DISPOSE OF FIXED ASSETS. WHEREAS, The City of Van Buren has property that is beyond repair and is no longer needed by the City; and WHEREAS, After an inventory of Fixed Assets, it is recommended by our State Auditor that these items be removed from our Fixed Asset Inventory. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION 1: That the Mayor is hereby authorized to remove the following asset from the Fixed Asset Inventory and dispose of sane by sealed bid: Department Amount Description Control Street $1,003.64 AMD System 1.4 GI -IZ computer ST -209 SECTION 2: That the Mayor is hereby authorized to remove the following asset from the Fixed Assets Inventory as it was valueless and sold as scrap metal. Department Amount Description Control Street $1.714.00 Manitowoc Ice Maker ST -190 SECTION 3: That the Mayor is hereby authorized to remove the following vehicle from the Fixed Asset Inventory and return it to the possession of the Crawford County Prosecutor as required by federal and state law for drug seized property: Department Amount Description Control Police $21,745.00 1999 Jeep Cherokee PD -549 PASSED AND APPROVED THIS a I DAY OF AUGUST, 2006. MAYO1 JOHN RIG ATTESTED: r CITY CLERK/TREASURER