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Unless otherwise required by context or use, words and terms used in this chapter shall be defined as follows:

CUSTODIAN: The police chief of the town, or such person's authorized representative.

FORFEITED PROPERTY: All unclaimed property deemed to be owned by the town pursuant to section 1-17-9 of this chapter.

INTANGIBLE PROPERTY: The term "intangible property" means any property that is not tangible property, and includes, but is not limited to, the following: deposits for water service provided by the town; street cut permit deposits; overpayment on water service provided by the town; monies unclaimed by developers under cost recovery agreements; monies unclaimed by beneficiaries in a pension fund; uncashed payroll checks; bonds posted with the town for reasons other than municipal court; money or property from police forfeiture or seizure, and uncashed court ordered restitution payments. Unclaimed credit cards and checks shall be disposed of by the town pursuant to section 1-17-14 of this chapter.

TANGIBLE PERSONAL PROPERTY: Includes, but is not limited to, lost and found money or tangible personal property turned over to the town or coming into the town's possession or control; property left in safekeeping at a town facility; weapons left with or seized by the police; and items held for evidence in connection with municipal or other court proceedings.

TOWN: The Town of Breckenridge, Colorado.

UNCLAIMED PROPERTY: Any lost, abandoned, stolen or confiscated tangible personal property held by or under the control of the town pursuant to this chapter. (Ord. 21, Series 2005; amd. Ord. 42, Series 2020)