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LAUDER-DALE COUNCIL <br />ACTION FORM <br />Action Requested <br />Consent x <br />Public Hearing <br />Discussion <br />Action <br />Resolution <br />Work Session <br />Meeting Date August 26, 2014 <br />ITEM NUMBER . Sale of Donated Items <br />STAFF INITIAL KK <br />APPROVED BY ADMINISTRATOR <br />DESCRIPTION OF ISSUE AND PAST COUNCIL ACTION: <br />In 2012, the City received collectible items from a family in Lauderdale who intended for the <br />items to be used for community events. The items really aren't of value in terms of running <br />the city event and, even though small, they are taking up valuable storage space. Staff is ask- <br />ing the Council for permission to sell the items with the profits deposited in the Community <br />Events funds. <br />Staff has conducted research on the items and found them to hold nominal value. These items <br />are 5 US Marine Corps figurines, a pack of 32 1993 Donruss brand baseball cards, 50 "wheat <br />ear" pennies from 1942-195 8, a 1992 US Mint Silver Proof Set, a 2010 US Mint $1 Presiden- <br />tial Coin Proof Set, and a 2009 US Mint Lincoln Bicentennial One Cent Proof Set. The final <br />two items are obsolete bank notes. The first is a $3, $45 $5, and $10 Bank of Washington <br />North Carolina bank note sheet and a Franklin Silk Company $5, $5, $5 and $10 bank note <br />sheet. Both note sheets, if authentic, were produced in the 1800's and were uncirculated and <br />hold some value. <br />OPTIONS: <br />1. To retain the items donated to the City. <br />2. To sell the donated items and deposit proceeds into the Community Events fund. <br />STAFF RECOMMENDATION: <br />By approving the Consent Agenda, the Council directs staff to sell the donated items and <br />deposit proceeds into the Community Events fund. <br />COUNCIL ACTION: <br />