(A) Procedure. Except for abandoned and junked vehicles, all property lawfully coming into possession of the City shall be disposed of as provided in this section which is adopted pursuant to Minn. Stat. § 471.195. Abandoned and junked vehicles shall be disposed of according to the procedures of Section 92.18 of this Code.
(B) Storage. The department of the City acquiring possession of the property shall arrange for its storage. If City facilities are unavailable or inadequate, the department may arrange for storage at a privately-owned facility.
(C) Claim by Owner. The owner may claim the property by exhibiting satisfactory proof of ownership and paying the City any storage or maintenance costs incurred by it. A receipt for the property shall be obtained upon release to the owner.
(D) Disposition of Property. Property held by the city and not claimed by the true owner within 60 days of collection will be deemed abandoned. The City may dispose of abandoned property in one of the following ways:
(1) Sell the property at a public sale following ten days published notice in the city’s official newspaper. Any property not purchased at a public sale may then be disposed of by the City in any reasonable manner; or
(2) Return the property or funds to its finder; or
(3) Convert usable property to City use; or
(4) Donate the property to a tax-exempt, non-profit organization; or
(5) Scrap unusable property or property of little or no value.
(E) Disposition of Proceeds. The proceeds of the sale shall be placed in the general fund of the City. If the former owner makes application and furnishes satisfactory proof of ownership within six months of the sale, the former owner shall be paid the proceeds of the sale of the property less the costs of storage and the proportionate part of the cost of published notice and other costs of the sale.