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<br />001218731 09/10/92 03:04 PM REAL ESTATE RECORDS <br />F1758 CHARLOTTE HOUSTON BOULDER CNTY CO RECORDER <br /> <br />h-/ <br /> <br />ORDINANCE NO. 1077 <br />SERIES 1992 <br /> <br />AN ORDINANCE CONCERNING UNCLAIMED PROPERT.Y <br /> <br />WHEREAS, unclaimed property comes into the possession or <br />control of the City from time to time; and <br /> <br />WHEREAS, the City desires to establish an administrative <br />procedure for notification concerning such property and transfer or <br />disposition of such property; <br /> <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br /> <br />Section 1. Chapter 9.90 of the Louisville Municipal Code <br />is repealed and reenacted with amendments, to read as follows: <br /> <br />CHAPTER 9.90 <br /> <br />UnClaimed Property <br /> <br />9.90.010 Definitions. <br /> <br />Unless otherwise required by context or use, words <br />and terms shall be defined as follows: <br /> <br />A. "City Administrator" means the City Administrator <br />or the Administrator's designee. <br /> <br />B. "Unclaimed property" means and includes any <br />tangible or intangible property, inClUding any <br />income or increment derived therefrom, less any <br />lawful charges, that is held by or under the <br />control of the City and which has not been claimed <br />by its owner for a period of more than six months <br />after it became payable, distributable, or <br />returnable; but does not include any abandoned <br />motor vehicle, the disposition of which is <br />otherwise provided for by law, nor any illegal <br />weapon nor other property the possession of which <br />is illegal under City, state, or federal law. The <br />term includes, but is not I imi ted to, property <br />found or recovered by any person and turned in by <br />such person to the City, which property is <br />thereafter unclaimed by either the owner or the <br />finder of the property. <br /> <br />1 <br />