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A. If the custodian receives a written claim within the applicable sixty (60) day claim period described in section 1-17-8 of this chapter, the custodian shall evaluate the claim and give written notice to the claimant within ninety (90) days of the custodian's receipt of the written claim that the claim has either been accepted or denied, in whole or in part. Within such ninety (90) day period, the custodian may request further supporting documentation from the claimant.

B. An aggrieved party may appeal the decision of the custodian with respect to the ownership of any item of unclaimed property pursuant to rule 106 of the Colorado rules of civil procedure. Any such action shall be filed within thirty (30) days of such decision or shall be forever barred. If any legal action is timely filed, the property shall be disbursed by the custodian pursuant to the order of the court having jurisdiction over such claim.

C. In the event there is more than one claimant for the same property, the custodian may, in the custodian's sole discretion, resolve said claims, or may resolve such claims by depositing the disputed property with the registry of the Summit County, Colorado district court in an interpleader action.

D. In the event all claims filed are denied, the property shall become the sole property of the town and any claim of the owner of such property shall be deemed forfeited. The forfeited property shall then be disposed of by the custodian pursuant to section 1-17-11 of this chapter. (Ord. 21, Series 2005)