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Department Approval Rls�kspvlffi� REQUEST FOR COUNCIL ACTION Date: December 15, 2005 Item No.: I Lb City Manager Approval Item Description: Conduct Public Hearing for an Ordinance relating to Title V Section 508.0-, Electronic Auction of Unclaimed Property BACKGROUND Minnesota Statute 4 71.19 5 provides that Any y clt, y may y ,b, y ordinance pro vide for the custody y and disposal of property la w1ull, y coming Into its possesslors in the coarse of mun clpal operations and remaining unclaimed by y the o wrier. Such ordinance may y pro vide for the sale of such propert, y to the highest ,bidder at public auction... ". To allow the police department the means to dispose of-- through public auction - -the sale of confiscated, recovered, and found items whose owners could not be identified or located, the City adopted ordinance 549: Sale of Unclaimed Property. The police department has been disposing of unclaimed property from its property room for ten plus years through the use of local -only, public auctioneering firms. Monies earned from these auctions are credited to the City's general fund. while the use of local, public auctioneering firms has proven somewhat beneficial, several local law enforcement agencies are now utilizing Prop ertyRoom. com, Inc., an online public auction company that has consistently auctioned items at a much higher sales rate than local -only auctioneers; therefore, generating more income for the municipality or county. City Code Section 505.01: Sales of Unclaimed Property, currently reads, "The Chief ofPolice is authorked to administer the disposal of property la w1ull, y coming Into the possession of the City and remaining unclaimed by y the owner after sixty y (60) days. Disposal shall be by y sale to the highest ,bidder a t p u blic auction or sale. A notice specifying... ... ". To allow the police department to enter into an agreement (Attachment A) with Prop ertyRoom. com, Inc., thereby anticpating increased revenue for the City's general fund, the police department is requesting that the Council allow the following change to City Code Section 505.01, "The Chief of Police is authorized to administer the disposal of property lawfully y coming Into the possession of the City y and remaining unclaimed by y the owner after sixty y (60) days. Disposal shall be by y sale to the highest ,bidder at public auction or sale, indudina electronic online auction. A notice specifying... The Roseville City Attorney's office has reviewed and recommended this modification to City Code Section 505.01 (Attachment B) . Page 1 of 2