Agenda - Council - 04/14/1999 - Laserfiche WebLink

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I I I I 471.195 UNCLAIMED PROPERTY; DISPOSAL. ' ': '.' '. '- (1) Any city may by ordinance provide for the custody and disposal of property lawfully coming into its possession in the course of municipal operations ~d remaining unclaimed bY the owner. Such ordinance may provide for the sale of such property to the highekt bidder'at public auction or sale or by a private sale thrdhgh a nonprofit organization that has a signifi- cant mission of community service, after the property has been in the possession of the mu- nicipaLity for a period of at least 60 days. If the sale is to be by public auction, the city shall give ten days' published notice descr/bing the property found or recovered and to be sold, and specifying the time and place of the sale. The notice must be published at least once in a legal newspaper published in the city or, if there is none in the city, published in the. county. Consistent with other applicable statutory or charter provision, the ordinance shall designate the fund into which the proceeds of any such sale shall be placed, subject to the right of the former owner to payment of the sale price from the fund upon application and satisfactory proof of ownership within six months of the sale or such longer period as provided by ordi- (2) This section d6es not 1/mit the power of any municipality under any other s.tamt0rY or charter authority. ., .. : . .... ,. History: 1957 c 382 s 1,2; 1967 c 295 s 2; 1971 c 923 s 1;.1973. c 123 art 5 s 7; 47]}196 Subdivision 1. [-Repeaj. ed, i971 c 7~'4 s 12:, i976 c 5 s 162] "' Subd. 2. [Repealed, 1971 c 734 s 12] . 471.20 [Repealed, 1953 c 420 s 1] 471.21 [Repea'led, 1953 c 420 s 1] 471.22 [Repealed, 1953 c 420 s 1] 471.23 [Repealed, 1953 c 420 s 1] STATUTORY CITIES AND TOWNS MAY JOIN IN MAINTAh-NING CEM- 471.24