Homeless Bastrop man finds treasure, wants it back - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Homeless Bastrop man finds treasure, wants it back

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A homeless man stumbled upon a life-changing amount of money along the banks of the Colorado River in Bastrop. The city took possession of it five months ago and he wants it back.

Timothy Yost has nothing more than the shirt on his back. The shoes on his feet were a gift from a stranger.

"He took his own shoes off his feet and he gave them to me," Yost said.

He lives on the streets of Bastrop. Life has not been easy.

"Have you ever eaten out of a garbage can? Have you ever begged for somebody else's clothes? Have you ever freezed to death in the middle of the night? It gets bad," he said.

Just when he was about to leave town, Yost says he experienced a miracle on the banks of the Colorado River at Fisherman's Park.

"I went down to wash my feet. They were ugly. They were gross. And I'm down there and I'm kicking myself. I'm like lord do you want me to leave? He said go over and look at that bag," Yost said. "I walk off the trail and I walk into the woods and there's a bag sitting there."

Yost says he opened the bag and gold coins began falling out. In addition to the coins, he finds cash. Yost takes some of the money to the closest bank to see if it's real.

"They said they couldn't exchange them and they wanted me to go to the bigger bank right across the street by the time I got there they'd already called police," he said.

On Jan. 18, Officers confiscate the money and give him a claim receipt with a total of more than $80,000.

In a letter sent to Yost's attorney, Bastrop Assistant City Attorney Samantha Friedman says the city is following the Texas Criminal Code for abandoned or unclaimed property.

Under that code, the city must publish a notification to the public. That, Friedman states occurred on March 1.

She says the true owner then has 90 days or until June 1 to claim the property. At that time the city council will hold a hearing to determine who gets the money.

"They should've published it way back in February," said Attorney Aleta Peacock.

Peacock says the city is dragging its feet.

"We believe the timeline started on January 18 and they had a maximum 30 days," Peacock said.

Peacock also believes the money wasn't abandoned. She says it was lost property. Lost property she says is finder's keepers after 30 days.

"We believe that the monies were found in a location in such a condition that no reasonable person would have left that money there knowingly," Peacock said.

She has sent three demand letters to the city. If the money isn't given back to Yost by Friday at 5 p.m., she will sue.

Yost continues to dream of what he would do with all that money.

"I've been walking for some long the first thing I want is a vehicle," he said.

Bastrop City Attorney Jo-Christy Brown provided FOX 7 with the following statement:

"We believe that by holding a hearing in June we will be complying with state law and we respect that attorneys from other parties are making other decisions they think are necessary too."

Brown went on to say that investigators have been inundated with claims for the money. She says the city does not plan to keep it.

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