[Adopted by Ord. No. 1516 (Sec. 17.11 of the Codification)]
A.
Any finder of lost or abandoned property, including money, may deposit
said property with the Village Police Department. The finder shall
indicate, on a form prepared by the Village, the time and location
of the finding of said property and any other facts or circumstances
pertinent thereto.
B.
If the property remains unclaimed for a period of six moths, the
property may be released to the finder upon the finder signing a receipt,
on a form prepared by the Village, holding the Village harmless from
any claim or demand by the true owner. This subsection shall not be
applicable to Village employees. This subsection shall also not be
applicable to perishable property or property which cannot be legally
possessed.
Abandoned property which is perishable or which cannot be legally
possessed may be destroyed by direction of the Chief of Police at
any time.
Abandoned property and unclaimed property with a value of less than $50, as determined by the Chief of Police, may be disposed of in the best interest of the Village as determined by the Chief of Police at any time. This section shall not apply, however, to property deposited with the Police Department and subject to claim pursuant to § 17-25 above.
Any property not disposed of pursuant to § 17-26 or 27-17 may be disposed of by the Village by any of the following methods:
A.
Private sale (auction, set price or negotiated price) where notice
has been given to the public by posting in three places a minimum
of 10 days prior to the sale;
B.
Private sale (restricted to equipment or other items with a narrow
market and limited appeal to the general public, said items to be
sold only under direction of the Village Manager after first providing
a list of said equipment or other items to the Village Board). The
Village shall maintain an inventory of such property, the date and
method of disposal, the consideration received and the name and address
of buyer;
C.
Donation to charity (upon approval by the Village Board);
D.
Use by Village (upon approval by the Village Board);
E.
Destruction (upon approval by the Village Board).
