A. The council shall declare by resolution its desire to dedicate to public use or benefit abandoned, stolen or found bicycles which have been in the possession of the police department for more than 10 days.

B. As soon as practicable after such declaration, the finance director or designee shall publish on the city of Palmer web page for a period of two weeks a notice describing the bicycles and stating the time, place and manner by which the bicycles may be identified and claimed by the owners. The notice shall include a statement that bicycles not so identified and claimed may be dedicated irrevocably to public use or benefit, or sold at auction.

C. Within the first week of the two-week publication period, the finance director or designee shall also attempt to notify by certified letter the owners of the bicycles proposed for dedication who can be identified with reasonable certainty. The letter shall contain substantially the same information specified in subsection (B) of this section for public notice.

D. At the end of the first week following the two-week period of public notice, bicycles which have not been identified and claimed by the owners may be utilized for public purposes in any manner prescribed by the council by resolution, or may be sold in accordance with the provisions of this chapter. If the bicycles have remained in the custody of the police department, the sale shall be conducted in accordance with law. If possession of the bicycles has been tendered to a third party pursuant to a contract, then that third party shall sell the bicycles at a public auction to be conducted pursuant to a notice which will contain the following information: