Legal Documents of Rocky Top

Code of Rocky Top

Table of Contents » Title 6 Law Enforcement » Chapter 2 Unclaimed Property » § 6-203 Methods of disposal of unclaimed personal property.
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6
Title 6
6-1
Title 6, Chapter 1
6-101
§ 6-101
Rocky Top
Title 6 : Law Enforcement
Chapter 2 : Unclaimed Property

6-203 : Methods of disposal of unclaimed personal property.

  1. Methods of disposal which may be used by the purchasing agent shall include:
    1. Sales at public auction, publicly advertised and held;
    2. Sale under sealed bids, publicly advertised, opened and recorded; or
    3. Sale by internet auction.
  2. Notice of any public auctions and sales under sealed bids, as provided in this part, shall be publicly advertised and publicly held. Notice of intended sale by public auction or sale under sealed bid shall be published by the purchasing agent in at least one (1) newspaper of general circulation in Anderson and Campbell Counties. Such notice shall specify and reasonably describe the property to be sold, the date, time, place, manner, and conditions of sale, all as previously determined by the purchasing agent in accordance with the regulations of the city. The advertisement shall be printed in the public notice or equivalent section of the newspaper and shall be run not less than one (1) day. The auction or sale under sealed bid shall be made not sooner than seven (7) days after the last day of publication nor later than fifteen (15) days after the last day of publication of the required notice, excluding Saturdays, Sundays, and holidays. Prominent notice shall also be posted conspicuously for ten (10) days prior to the date of disposal, excluding Saturdays, Sundays, and holidays, in at least two (2) public places in the county. Furthermore, notice shall be sent to the county clerk and such notice shall be posted in the county courthouse unless otherwise directed by the purchasing agent.
  3. Notice of intended disposal by internet auction shall be posted on the city's website notifying the public of such intended internet sale. Such notice shall identify the website and provide a link to the online auction website in which any citizen may view and/or bid on any article. The website notice shall be displayed on a basis of twenty-four (24) hours a day, seven (7) days per week. The website notice shall reasonably describe the property to be sold, the date(s), time, manner and conditions of sale, all as previously determined by the internet auction provider in accordance with the contract and/or signed agreement with the city.
  4. The purchasing agent shall furnish the governing body a list of all unclaimed personal property disposed of, the method of disposal of such property, and the price obtained as a result of the sale of any unclaimed personal property. (Ord. #593, Oct. 2024)