A.    If, after a period of ninety (90) days, the owner or owners of the lost or abandoned property cannot be found, said property may be sold at public auction, or, upon the vote of a majority of the members of the Town Council at a regularly scheduled meeting, the property may be sold at private sale.

B.    At least seven (7) days but not more than thirty (30) days prior to sale at public auction, the Chief of Police or his designated agent shall advertise in a newspaper having local circulation a list of the lost or abandoned property to be sold at public auction.  In the event, that the owner or owners of the lost or abandoned property come forward to claim  said property prior to sale, said property shall be returned to the lawful owner or owners upon payment to the town of advertising, towing, and storage, as shall be determined by the Chief of Police or his designated agent.

C.  If, after advertisement and auction, as set forth in paragraphs A & B preceding, personal property remains unsold, the Chief of Police or his designated agent, shall: (i) retain the property for future sale; or (ii) dispose of the property as he deems appropriate.

D.  Any bicycle or moped which has been in the possession of the Police Department, unclaimed, for more than thirty (30) days may, in the discretion of the Chief of Police, be sold pursuant to Subsection A. above or donated to a charitable organization.  Prior to any such sale or donation the location and description of the bicycle or moped shall be published at least once a week for two (2) successive weeks in a newspaper of general circualtion within the Town in an effort to locate the bicycle's or moped's owner.  In addition, if there is a license tag affixed to the bicycle or moped, the record owner shall be notified directly and permitted thirty (30) days to claim his or her bicycle or moped.