HomeMy WebLinkAbout1978-067 Council OrdinancesORDINANCE 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.
Passed by the City Council this 10th day of April
Edna L. Sar er, Clerk -Treasurer
CITY SEAL)_,
, 1978.