The City may dispose of any unclaimed property which has become the sole property
of the City by sale, auction or sealed bids as set forth in this Section. The City
Manager shall publish a notice in the City's official newspaper setting forth the
time, date and place of the sale no less than ten (10) days prior to the sale. All
articles described in the published notice left unclaimed by the date of sale shall
be sold at a public sale to the highest bidder or shall be retained by the City for
the private sale, if there are no bidders. Unclaimed property consisting of jewelry,
gems, watches, precious metals, electronic equipment or other property having a unique
value may, as the City Manager determines, be sold either by auction or to the highest
bidder after a solicitation of sealed bids from at least three (3) regular dealers
of that particular type of property. All proceeds from the sale of articles shall
be deposited in the General Fund.
(Prior code 3.34.030; Ord. 32 §1, 2011)
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