1978-067 Council Ordinances - Laserfiche WebLink

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ORDINANCE NO. 67 CITY OF LINO LAKES COUNTY OF ANOKA STATE OF MINNESOTA AN ORDINANCE PROVIDING FOR THE DISPOSITION OF UNCLAIMED PROPERTY. The City Council of the City of Lino Lakes, Anoka County, Minnesota, ordains: Section 1. Any property coming into the possession of the City of Lino Lakes in the course of any municipal operation, and remaining unclaimed by the owner thereof for a period of sixty (60) days, shall be deemed unclaimed property pursuant to Minnesota Statutes Annotated 471.195, as amended, and as same may be amended in the future, and such unclaimed property shall be disposed of in the manner provided herein. Section 2. The City shall sell, to the highest bidder at public auction or sale, all such unclaimed property following at least one (1) published notice thereof not less than two (2) weeks prior to such public auction or sale. Such published notice shall contain the following information: 1) The date, time and place of the sale. 2) The general description of the property to be sold. 3) Whether or not the property will be sold piecemeal or otherwise. 4) The terms of payment. 5) That the sale will be at public auction and to the highest bidder. Section 3. The proceeds of any such sale shall be placed in the general fund of the City, or in such other fund of the City as the City Council may, from time to time, designate by resoltuion. The former owner of any such property so sold may claim the sale price of the sale of such former property within six (6) months from the date of the sale, from such fund, provided however, that such former owner shall only be entitled to such sale price upon proof of such former ownership and less reasonable expenses incurred in the storage, care, keeping and sale of such property. Section 4. This Ordinance shall take effect and be in full force from and after its passage and publication according to law.