(A) It shall be the duty of every member of the Police Department to report to his or her superior officer all property seized or found by him or her immediately after the same shall have come into his or her possession, and such superior officer shall report the same to the Chief of Police.
(B) Such property, with the date of delivery and description thereof, and the name of the officer depositing the same, shall be entered in a book kept for that purpose, by the custodian having the custody of such property, who shall be held responsible therefor.
(C) Public sale of unclaimed chattels in the custody of the Police Department is hereby authorized and shall be conducted in the following manner: storage, at $10 per day, shall be charged against all vehicles and chattels in police custody and shall constitute a lien against such property which may be foreclosed as herein provided.
(D) The Chief of Police is hereby authorized to sell at public auction any and all automobiles, vehicles and other goods and chattels that accumulate from time to time, as unclaimed property, in the custody of the Police Department; provided, however, that, no such unclaimed property shall be offered for sale unless the same shall have been in the custody of the Police Department for not less than three months unless as otherwise provided for in C.R.S. § 42-4-1801 or other applicable state statute.
(E) (1) The notice of such sales of property with expected value of more than $300 shall be given by publication in the official newspaper of the town once and such publication of notice shall not be less than 30 days before such sale. Such notice shall describe the items to be offered for sale and state the time and place thereof.
(2) The terms of all such sales shall be for cash and the proceeds thereof shall be credited to the general fund of the town. If said property is expected to have a value of less than $300 said auction can be performed by posting notice of the auction 30 days in advance of the auction in such location approved for posting of official notices by the Board of Trustees.
(F) (1) At such sales, the vehicles, goods and chattels shall be auctioned separately to the highest eligible bidder who shall forthwith pay the amount of his or her bid to the Town Clerk in good funds.
(2) On receipt of such payment, the Town Clerk shall and is hereby authorized and directed to issue to the successful bidder, in the name and on behalf of the town, a written bill of sale without warranty to the purchaser, his or her heirs or assigns, in any form and approved by the Motor Vehicle Department of the state, if applicable.
(G) (1) All vehicles, good and chattels purchased at any sale shall be removed from the custody and premises of the town by the purchaser, within five days thereafter.
(2) In event any purchaser fails to remove his or her property within the time aforesaid, a storage charge of $10 per day shall be made and collected by the Police Department and, if not redeemed, the article may be included in any subsequent auction held by authority of this code of ordinances.
(Prior Code, § 211.4)