Under Government Code Section 50050/50057, funds that are not the property of a local agency that remain unclaimed for three years become the property of the local agency after notice if not claimed or if no verified complaint is filed and served. At any time after the expiration of the three-year period, the City of Santa Monica’s Finance Department will post a listing of the stale-dated unclaimed property for two successive weeks online and at three separate locations: at the City Hall Information Desk; at the Public Safety Facility’s counter next to the City Council Agenda folder; and at the Main Library’s bulletin board next to the public copy machine. The listing states the payee’s name and the amount the check was issued for. It is proposed that these funds will become the property of the City on a designated date not less than 45 days nor more than 60 days after the first publication of the notice. During this period, a party of interest may file a claim with the Finance Department. This claim must include the claimant’s name, address, amount of the claim, the grounds on which the claim is founded and the taxpayer’s ID number or Social Security number. Upon receipt the Finance Department will review the claim and shall accept or reject that claim. When any such money becomes the property of the City, the legislative body may transfer it to the General Fund.
The City is publishing the following list of stale dated unclaimed property as of January 30, 2017 and the period to submit a claim will end on April 28, 2017. Please ensure that your completed claim form is mailed with an original signature to the City of Santa Monica, Attn: Financial Operations, 1717 4th Street, Suite 250, Santa Monica, CA. 90401.