HomeMy Public PortalAbout23-03-28 Order: Alternative Procedure for Disposing of Abandoned Funds Watertown City Council
?, Administration Building
149 Main Street
Watertown, MA 02472
ELEC I ED OFFICIALS: Phone: 617-972-6470
Mark S.Sideris, Order# l 1(J 2023 -0- /r0
Council President
Vincent J.Picci>illi,jr., AN ORDER ACCEPTING THE PROVISIONS OF G.L. c.200A, §9A
Vice President& REGARDING AN ALTERNATIVE PROCEDURE FOR DISPOSING OF
District C Councilor ABANDONED FUNDS HELD IN THE CUSTODY OF THE CITY
John M.Airasian, WHEREAS: at various times the City undertakes custody of funds of corporations,
Councilor At Large
organizations,beneficiaries or persons; and
Caroline Bays,
Councilor At Large WHEREAS: such funds, including uncashed overpayments,refunds, and unpaid
wages, among others, may be unclaimed by the entity or individual entitled thereto and
John G.Gannon, may be deemed abandoned if the owner or owners thereof cannot be located; and
Councilor At Large
Anthony Palomba, WHEREAS: the provisions of G.L. c. 200A allow for an extensive procedure for the
Councilor At Large processing of funds unclaimed and ultimately deemed abandoned by the entity or
individual entitled thereto, including notice,reporting to the Treasurer of the
Nicole Gardner, Commonwealth, and a three-year waiting period; and
District A Councilor
Lisa J.Feltner, WHEREAS: the provisions of G.L. c. 200A, §9A provide an alternative procedure to
District B Councilor address disposition of abandoned funds held in the custody of the City; and
Emily Izzo, WHEREAS: such alternative process provides for appropriate notices to be issued to
District D Councilor
the entity or individual entitled thereto,with such funds, if remaining unclaimed and
so deemed abandoned,to be placed in the City's Treasury to become available to the
City; and
WHEREAS: the provisions of G.L. c. 200A, §9A are subject to local acceptance by
vote of the City Council pursuant to G.L. c. 4, §4.
NOW THEREFORE BE IT ORDERED: That the provisions of G.L. c. 200A, §9A
are hereby accepted,providing an alternative procedure to address disposition of
abandoned funds held in the custody of the City.
Council Member
I hereby certify that at the regular meeting of the City Council for which a quorum
was present,the above Order was adopted by a vote of g! for, 0 against,
and D present on March 28, 2023.
City Council Clerk Mark S. Sideris, Council President