§ 2-75. Property and property insurance inventories.

(a)

The town clerk shall maintain on file in his office an inventory of all real property owned by or leased to the town. This inventory shall be maintained in current status and during January of each year shall be revised, as may be appropriate, to show changes in value due to depreciation or to repairs, renovations, etc. For each building or lot such inventory shall also show the following:

(1)

A brief description.

(2)

A reference to the deed, devise, lease or other instrument whereby the city acquired title to the building or lot or the use thereof.

(3)

The department, office or agency charged with custody.

(4)

The purpose or use.

(5)

The insurance of all types thereon, together with notes as to premiums payable and anniversary dates.

(6)

For property owned by the town and leased to other persons, copies of such leases and appropriate notes as to the revenues derived therefrom.

(b)

Each town officer having custody of items of nonexpendable personal property of value greater than $25.00 owned by or leased to the town shall, during January of each year, prepare in duplicate an itemized inventory of such property. The original copy of each such inventory shall be filed in the office of the town clerk before February 1 of each year, and the duplicate copy shall be retained on file in the office of the person who prepared it. The inventory shall show for each item the following:

(1)

Its value and a brief description, together with identification (by serial number, where applicable).

(2)

A reference to the instrument, if any, whereby title or use was acquired.

(3)

The department, office or agency having custody.

(4)

The purpose or use.

(5)

The insurance of all types, if any, together with notes as to premiums payable and anniversary dates.

The original copy of each such inventory shall be filed in the office of the town clerk before February 1 of each year, and the duplicate copy shall be retained on file in the office of the person who prepared it.

(Code 1992, § 2-59)

(Code 1992, § 2-59)