HomeMy WebLinkAboutSR - Declaring Unclaimed Monies in City's TreasuryCITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: ADOPT RESOLUTION NO. 08-27 DECLARING UNCLAIMED
MONIES IN THE CITY TREASURY
SUBMITTED BY: PAUL S. GIBSON, DIRECTOR OF FINANCE
DATE: MAY 8, 2008
CONTENTS: RESOLUTION NO. 08-27
Recommendation:
By Minute motion, that the City Council adopt Resolution No. 08-27
declaring unclaimed monies in the City Treasury.
Background:
Unclaimed trust money is being held by the City of Palm Desert and staff has attempted
to issue a check to the person(s) at the last known address of record without success.
Numerous attempts have been made to locate these parties via the telephone company
and post office to no avail.
Dave Erwin has advised us that in accordance with Section 50050 et. seq., California
Government Code, we are required to publish a notice in a newspaper of general
circulation once a week for two successive weeks. If the money remains unclaimed
after this two -week period, it may be transferred into the city's general fund.
The funds to be announced in the advertisement are as follows:
OWNER AMOUNT REASON FOR DEPOSIT
Meyers Investment Co. 1,000.00 Demo of single family dwelling
Trust Deposit # 2532
Staff requests that Council adopt the resolution to resolve the issue of unclaimed
money.
Submitted by:
Paul S. Gibson, Director of Finance
Approval:
Carlos L. Orte, City Manager
G \FINANCE\NIAMH ORTEGA\STAFF REPORTS\SR-UNCLAIMED TRUST MONEY 050808 DOC
REGULAR PALM DESERT CITY COUNCIL MEETING MAY 8, 2008
AYES:
NOES:
ABSENT:
ABSTAIN: Adl1)1
JERIFIED BY:
Driginal
XII. RESOLUTIONS
RESOLUTION NO. 08-27 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
THE CITY OF PALM DESERT, CALIORNIA, DECLARING UNCLAIMED MONIES IN THE
CITY'S TREASURY - NEYERS INVESTMENT CO.
;ITY COUNCIL A
APPROVED
RECE IVED
'1EETI G DATE
Sc1Y1. hi xft.1, t e-1 kb, co
CTION:
DENIED
OTHER
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on File wii City Clerk's Offir4