2011-1029 Disposition of Unclaimed propertyCITY OF HOPKINS
COUNTY OF HENNEPIN
ORDINANCE NO. 2011-1029
AN ORDINANCE AMENDING
SECTION 305 OF THE HOPKINS CITY CODE
THE COUNCIL OF THE CITY OF HOPKINS HEREBY ORDAINS AS FOLLOWS:
Section 1. That Section 305 be amended as follows:
305.07. Disposition of Unclaimed Property. Subdivision 1. Notice
of auction or sale. If the property is going to be sold, either by
auction or directly, an advertisement must be placed in the official
newspaper of the city. The sale shall be held not less than six
days following the date of the publication of the notice.
Subd. 2. Content of notice. The notice ahalT-eenta-in:
gen.-eia! des=it-ien-ef the—rte,-ef-pr�perty to -be -sell
aueti-ene-d-er seld diretiti time and place-ef the
auetien e3F Sale. must describe the property found or recovered
and to be sold, and must specify the time and place of the
auction or sale.
S,dbd. 3. Sale . The auetien ei= sale --shall be eendueted by -tire
manager- er his er her designee.
Subd. 3. Postponement. The auction or sale may be postponed
from time to time by inserting a notice of such postponement as
soon as practicable in the newspaper in which the original
notice was published.
Subd. 4. Certificate of sale. When the sale of the property
is made, the manager shall deliver- te-the purchaser shall
receive a bill of sale containing a description of the property
sold and the price paid for each item.
Subd. 5. Proceeds of sale. Proceeds of the sale shall be
deposited by the manager in the appropriate fund of the city.
Within six months from the date of the sale the former owner of
any item of such property may make application to the city for
payment of the proceeds of the sale and after satisfactory
proof of ownership furnished to the city within six months from
the date of sale, the city council shall order the sale price
to be paid to the former owner, after deducting therefrom the
actual or reasonable cost and expenses necessarily expended by
the city in the conduct of the sale and the storage and care of
the property.
305.09. Disposition of Surplus Property. Subdivision 1. Notice of
auction'or sale. If the property is going to be sold, either by
auction or directly, notice must be placed on the city's website.
The sale shall be held not less than six days following the date of
the placement of the notice on the City's website.
Subd. 2. Content of notice. The notice shall contain: (1) a
general description of the items of property to be sold; and
(2) whether the property will be auctioned or sold directly;
and 3) the time and place of the auction or sale.
Subd. 3. Advertising. Items for sale must be advertised in a
newspaper of general circulation, or on an appropriate website
detailing the method of sale, or the City may contract to sell
items using an electronic selling process in which purchasers
compete to purchase the surplus supplies, materials, or
equipment at the highest purchase price in an open and
interactive environment.
Subd. 4. Certificate of sale. When the sale of the property
is made, the purchaser shall receive a bill of sale containing
a description of the property sold and the price paid for each
item.
Subd. S. Proceeds of sale. Proceeds of the sale shall be
deposited by the manager in the appropriate fund of the city.
Section 2. The effective date of this ordinance shall be the date of
publication.
First Reading:
Second Reading:
Date of Publication:
Date Ordinance Takes Effect
ATTES
T rry Obe aa'r, City Clerk
APPROVED AS TO FORM AND LEGALITY:
Ci y Attor ey Signature
June 21, 2011
July 5, 2011
July 14, 2011
July 14, 2011
Date
Gene Maxwell, Mayor