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RESOLUTION AUTHORIZING THE DISPOSAL
OF OBSOLETE/SURPLUS/OUT OF SERVICE VEHICLES
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WHEREAS, The Memphis Area Transit Authority (MATA) has revenue and service vehicles that have met their useful service life and/or are fully depreciated as shown on Exhibit A; and
WHEREAS, It is in the best interest of MATA to dispose of the out of service vehicles shown in Exhibit A; and
WHEREAS, MATA staff has determined that the value of the vehicles in Exhibit A has met the useful life and the fair market value of each vehicle is less than $10,000 based on the newly updated Federal Transit Administration FTA Circular 5010.1 and will be in accordance with MATA's Procurement Policy 7.0 Scrap and Surplus; and
WHEREAS, MATA staff recommends that ownership the out of service vehicles are disposed of by sealed or electronic bid, sold at auction, traded in for new equipment (like-kind exchange), or used as scrap.
NOW, THEREFORE, BE IT RESOLVED BY THE MEMPHIS AREA TRANSIT AUTHORITY BOARD OF COMMISSIONERS That the Purchasing Department is hereby authorized to dispose of the vehicles listed in Exhibits A that have met their useful service life; and
BE IT FURTHER RESOLVED That MATA staff has determined that these vehicles meet the requirements for disposal in accordance with disposal procedures in FTA Circular 5010.1 the MATA's Procurement Manual.
Be it further resolved That the Interim Chief Executive Officer, Chairman and Vice-Chairman are authorized to approve and execute documents related thereto.
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TO: MATA Board of Commissioners
FROM: Bacarra Mauldin, Interim Chief Executive Officer
DATE: November 19, 2024
SUBJECT: DISPOSE OF OBSOLETE/SURPLUS/OUT OF SERVICE VEHICLES
MATA staff has determined that this resolution is necessary to dispose of obsolete/surplus/out of service vehicles that have met their useful life.
The resolution approves the disposition of certain obsolete/surplus/out of service vehicles. MATA staff will dispose of the vehicles l...
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