§ 2-13-240. Trade in or exchange of used articles.
Latest version.
Where it is desired to trade in or exchange used articles as part payment on the purchase
price of new articles, the central purchasing office shall, in requesting offers,
describe such used property, inform prospective offerors where the used property can
be examined, and notify prospective offerors that the same price of the new article
and the allowance as credit for the trade-in or exchange shall be stated separately.
The difference between the sale price of the new article and the trade-in allowance
shall be deemed the offer of the seller. An exception from this section would be any
transactions with another governmental entity. Trade-ins or exchanges of fixed assets
shall be reported to the city finance department.
