(A) Twelve months after the expiration of any permit issued under this code of ordinances, all deposits or security funds received in conjunction with such permits may be transferred from deposit accounts to the general fund of the city and said funds shall be dedicated to public use if any of the following circumstances exist:
(1) The deposit or security funds are unclaimed by the person or entity giving the deposit or security after a good faith effort on the part of the city to investigate the situation surrounding the permit and return the deposit or security funds; or
(2) The deposit or security funds are unable to be returned to the depositing person or entity as a result of the city’s inability to ascertain the whereabouts of said person or entity; or
(3) The deposit or security funds are unable to be returned by the city as a result of the depositing person or entity having failed to comply with requirements set out in the terms of the permit or deposit.
(B) Within 24 months after the expiration of any permit issued under this code of ordinances, if the circumstances set out in divisions (A)(1), (2) or (3) of this section cease to exist, the depositor of said funds may apply to the city, in writing, for return of said funds and, if the city determines that said circumstances in fact no longer exist, the city shall return the deposited funds, without interest, to the depositor.
(C) Thirty-six months after the expiration of any permit issued under this code of ordinances, no funds transferred from deposit accounts to the general fund of the city under circumstances set out in divisions (A)(1), (2) or (3) of this section shall be returned to the person or entity giving the deposit or security.
(Ord. 508-2010, passed 11-15-10)