2023.01.24 CC Packet - Laserfiche WebLink

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7 Streets (includes curb & gutters) 25 years Catch basins, culverts, manholes 25 years Street Lights & Traffic Signal System 25 years Telecommunication Systems (fiber optic) 25 years Water Mains, Reservoirs, hydrants, valves 50 years Sanitary Sewer Mains & Lines 50 years Storm Water Mains & Storm ponds 50 years Other & Land Improvements Retaining walls 10 years Landscaping (including trees & shrubs) 15 years Athletic fields and playfields 15 years Fencing 15 years Irrigation systems & outside lighting 15 years Parking lots 20 years Tennis & Basketball Courts 20 years Intangible Easements Not depreciable Computer Software 5 years Patents 20 years Trademarks 20 years ASSET USE Generally, City‐owned property, equipment, and technology are for official City Business only. However, there are exceptions to this rule which are outlined in the Employee Handbook Section 29 “Vehicle/City Equipment Usage.” DISPOSAL Assets are removed from use through sale, trade, obsolescence, scrap, theft, and donation. The approval of the City Manager shall be required to dispose, sell, donate, or trade any capital asset valued up to $20,000. The City Manager may delegate this authority to Department Heads. Disposal of assets with a current value greater than $20,000 will also require the approval of the City Council. The following steps shall apply once approval has been granted to dispose of the asset: 1) Public Auction The capital asset shall be sold at public auction in accordance with the City Code. 2) Negligible Value The determination of the value of the capital asset shall be made by the Department Head having been delegated authority by the City Manager. If determined that the capital asset currently has a negligible value, then the capital asset may be discarded or donated.