PROPERTY. Assets with a useful life of more than one year.

PROPERTY TRANSFER FORM. A form submitted by the department requesting transfer of fixed assets between departments or transfer of property to or from the Surplus Property Program.

SURPLUS PROPERTY. Property no longer needed by city departments for their operations, obsolete property, property in poor or non working condition, or property that is a by product (e.g. scrap metal, used tires and oil, etc.). It does not include real property, which is governed by § 3-6-4.

UNCLAIMED, LOST AND CONFISCATED PROPERTY. All property used as evidence in the courts and remaining unclaimed after final disposition, property seized by a peace officer as being used unlawfully, and all property coming into the hands of any city officer or employee as lost or unclaimed. (Ord. 08-1137, passed 9-22-2008)