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l lfsCr -4 - (a) original clerk tickets kept for each transaction in each concurrent auction ring; The following reports in triplicate: (b) a complete list of registered bidders in bidder sequence with the bidder's full name, addressr telehone number and sales tax information; -- (c) a complete list of all inventory sold in lot number sequence with buyer numberr CITyrs fixed asset numberr item description, serial number or VINr unit pricer total sale price and sales tax collected; (d) a complete list of all inventory sold in lot number sequence byentitYr department or cost center with buyer numberr item description unit price and total price; . ' (e) a summary report with total salesr commissions due and net amount due to the CITY and to each sub-entity such as department; and (f) a grand total for the auction detailing total salesr total sales tax due and collected and total commission due Auctioneer. . 1.14 APCTIONEER will inform bidders of the requirement that all items must be paid for no later than one hour after the conclusion of the Auction. AUCrIONEER shall attempt to resell sale items unclaimed after the conclusion of the one hour payment period for a price that is fair and reasonably approaches or exceeds the original bid price. Items not sold will remain in the possession of the City for a future sale or other disposition. AUCTIONEER will not receive any commission or compensation for items which are not sold or for which payment is not made by bidder. ARTICLE :2 THE CITY'S RESPONSIBILITIES 2.1 Thirty (30) days prior to each auctionr the CITY will provide the AUCTIONEER with a preliminary list of items to be sold prior to the commencement of advertising by AUCTIONEER. A more detailed listing of items will be provided by the CITY at least two (2) days prior to each auction. The CITY reserves the right to add or delete items for sale for any reason until the time of the actual sale. 2.2 The CITY will be responsible for transporting all movable CITY property to the auction site beginning one (1) day prior to the date of each auction. Non-movable items will be available for inspection prior to the Auction. CITY will transport any unsold CITY property from the auction site before the end of the day on which each auction takes place. 2.3 The CITY shall bear all costs incident to this Article.