[Adopted by Ord. No. 1516 (Sec. 17.11 of the Codification)]
A. 
Any finder of lost or abandoned property, including money, may deposit said property with the Village Police Department. The finder shall indicate, on a form prepared by the Village, the time and location of the finding of said property and any other facts or circumstances pertinent thereto.
B. 
If the property remains unclaimed for a period of six moths, the property may be released to the finder upon the finder signing a receipt, on a form prepared by the Village, holding the Village harmless from any claim or demand by the true owner. This subsection shall not be applicable to Village employees. This subsection shall also not be applicable to perishable property or property which cannot be legally possessed.
Abandoned property which is perishable or which cannot be legally possessed may be destroyed by direction of the Chief of Police at any time.
Abandoned property and unclaimed property with a value of less than $50, as determined by the Chief of Police, may be disposed of in the best interest of the Village as determined by the Chief of Police at any time. This section shall not apply, however, to property deposited with the Police Department and subject to claim pursuant to § 17-25 above.
Any property not disposed of pursuant to § 17-26 or 27-17 may be disposed of by the Village by any of the following methods:
A. 
Private sale (auction, set price or negotiated price) where notice has been given to the public by posting in three places a minimum of 10 days prior to the sale;
B. 
Private sale (restricted to equipment or other items with a narrow market and limited appeal to the general public, said items to be sold only under direction of the Village Manager after first providing a list of said equipment or other items to the Village Board). The Village shall maintain an inventory of such property, the date and method of disposal, the consideration received and the name and address of buyer;
C. 
Donation to charity (upon approval by the Village Board);
D. 
Use by Village (upon approval by the Village Board);
E. 
Destruction (upon approval by the Village Board).