R626RESOLUTION NO. 626
A RESOLUTION ADOPTING AN AMENDED CITY OF KENNEDALE
UNCLAIMED PROPERTY POLICY
WHEREAS, on November 17, 2011, City Council adopted the document entitled,
"Unclaimed Property Policy," a framework to guide the City of Kennedale in the required annual
review of its records and reporting of all tangible and intangible property presumed abandoned
that is held or is owed in the ordinary course of Kennedale's business and remained unclaimed
by the owner for more than a specified period of time after it became payable or distributable;
and
WHEREAS, the City of Kennedale recognizes its responsibility to make a good faith
effort to determine the whereabouts of the owner of property, and also recognizes that there are
limits to what can be done to locate the rightful owner of property; and
WHEREAS, the City Council has reviewed the City's Unclaimed Property Policy.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF KENNEDALE, TEXAS:
The City Council of the City of Kennedale, Texas hereby approves the amended Unclaimed
Property Policy dated December 19, 2023 attached hereto as "Exhibit A."
PASSED, ADOPTED AND APPROVED by the City Council of the City of Kennedale,
Texas, this the 19th day of December, 2023.
ATTEST:
City ecretary Raea
on
APPROVED: