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2.53.060. Irrevocable transfer by contribution, donation, or gift to qualifying entities

            (1)        Capital assets may be disposed by contribution, donation, or gift to another governmental unit, civic, or nonprofit organization, which meets the following criteria:

                        (a)        the entity has obtained an exemption pursuant to Section 501(C)(3), Internal Revenue Code, from the Internal Revenue Service;

                        (b)        the entity exists primarily to serve the needs of the public; and

                        (c)        the property is to be used for bona fide public purposes with only incidental benefit to the nonprofit entity.

            (2)        Written requests for transfer to a qualifying agency shall be made to the City Manager.  The City Manager shall determine the value of the property to be transferred as directed in Section 2.53.040.


Ord. No.97-35, Recodified, 6/19/1997
Ord. No. 02-30, Amended, 6/20/2002

Municipal Code (PDF Format)



 
 
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