3.720 Disposal of Abandoned or Unclaimed Property.

(1) Abandoned or Unclaimed Property. Personal property in the custody of the City which has been abandoned or which remains unclaimed for a period of 30 days after the City has taken possession thereof may be disposed of as provided in this section. Net receipts from sales under this section shall be paid into the City’s general fund.

(2) Method of Disposal. The disposal of personal property under this section may be a sale open to the public, a sale bid by contract subject to prior approval of the Public Property and Safety Committee, used in trade on other property to be acquired by the City, or retained for the City’s own use.

(3) Records. If the property is not disposed of in a sale open to the public, the Chief of Police shall maintain an inventory of such property, a record of the date and method of disposal, the consideration received for the property, if any, and the name and address of the person taking possession of the property. The inventory shall be kept as a public record for at least two years after the disposal of the property.

[Prior code § 3.72]