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HomeMy WebLinkAboutREso 2015-100 - Unclaimed fundsRESOLUTION NO. 2015-100 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING TRANFERRING UNCLAIMED FUNDS IN THE CUSTODY OF THE REDDING POLICE DEPARTMENT TO THE GENERAL FUND PURSUANT TO GOVERNMENT CODE SECTION 50053 WHEREAS, the Redding Police Department maintains a special account for money in the custody of its Property Division; and WHEREAS, the money in this special account was lost, found, abandoned or stolen, and the rightful owner could not be located or identified; and WHEREAS, Government Code sections 50050 through 50057, inclusive, provide the procedure by which the unclaimed funds may be administered by the City Treasurer; and WHEREAS, pursuant to Government Code section 50056, the City Treasurer delegated responsibilities as to notice and publication to the Redding Police Department for the reason that the Redding Police Department has current custody of money in the special fund; and WHEREAS, pursuant to Government Code sections 50050 and 50051, the Redding Police Department published a notice in a newspaper of general circulation setting forth the amount of funds to be transferred to the General Fund, the location of the funds and that the funds will become the property of the City of Redding after the lapse of forty-five (45) days; and WHEREAS, no claims have been made against said funds, and the Redding Police Department has the sum of $31,309.33 ready for transfer to the General Fund pursuant to Government Code section 50053; and WHEREAS, the Redding Police Department has a need for police equipment. NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of Redding that: 1. The above recitals are true and correct. 2. The sum of $31,309.33 held in trust by the Redding Police Department, representative of amounts accrued up to December 31, 2010, shall be transferred to the General Fund. 3. That said sums shall be available for the purchase of police equipment by the Redding Police Department. I HEREBY CERTIFY that the foregoing resolution of intention was introduced and adopted at a regular meeting of the City Council on the 15th day of December, 2015, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: Attest: Cadd, Schreder, Sullivan, Weaver, & McArthur None None None THUR, Mayor Form Approved: PAMELA WEE, City BARRY E. DeW LT, City Attorney