POLICY STATEMENT
To establish a procedure for handling found and unclaimed property coming into the possession of the City.
REASON FOR POLICY
To provide City Council and Administration a permanent reference and working guide for handling and administering found and unclaimed property.
RELATED INFORMATION
1. The Municipal Government Act, has provisions that outline a procedure for lost or unclaimed property coming into the possession of a municipality, as summarised below:
1. Property must be retained for 30 days unless it is unsafe, unsanitary, or perishable;
2. Property that is unsafe, unsanitary or perishable may be disposed of at any time;
3. If the property is unclaimed, the City may dispose of the property by public auction or as Council directs; and
4. A prior owner of the property is entitled to the proceeds of the sale, less expenses, if the prior owner makes a claim to the City within 90 days of the date of sale.
2. The City will follow the procedure outlined in the Municipal Government Act and may contract the handling of lost or unclaimed property.
3. All lost or unclaimed property shall be recorded, inventory shall be tracked, and final disposition noted by administration.