2.80.030 Release of property to finder – Limitations.
A. The found property shall be released to the finder and become the property of the finder 60 days after the find was reported to the appropriate officer if no owner has been found, or 60 days after the final disposition of any judicial or other official proceeding involving the property, whichever is later. The property shall be released only after the finder has presented evidence of:
1. Compliance with the publication requirement of this chapter; and
2. If the property is valued at more than $25.00, payment to the treasurer of the city, the amount of $5.00, or 10 percent of the appraised value of the property, whichever is greater, which amount shall be deposited in the general fund of the city.
B. When 60 days have passed after the found property was reported to the appropriate officer, or 60 days after the final disposition of a judicial or other proceeding involving the found property, and the finder has not completed the requirements of this chapter, the finder’s claim shall be deemed to have expired and the found property may be disposed of as unclaimed property. Such laws shall also apply whenever a finder states in writing that he or she has no intention of claiming the found property. (Ord. 1230 § 3, 1982)