When dealing with found property worth $1000 or more, what must be created?

When dealing with found property valued at $1000 or more, the correct procedure involves creating a COPS event with 'located property.' This process is important because it establishes a formal record of the found property, which is necessary for tracking and handling potentially valuable items. The COPS system is designed to manage and document police-related information, helping ensure that found property is processed correctly, which might include checking if the item has been reported as lost or stolen and providing a mechanism for returning the item to its rightful owner.

Other options, while they may seem relevant, do not fulfill the specific requirements of documenting found property. A police report might document an incident involving the found property, but it does not specifically address the administrative process for found items. A missing persons report is unrelated, as it pertains to individuals rather than property. Meanwhile, a property retrieval document might pertain to reclaiming lost items but does not serve the purpose of officially recording found property in the context of law enforcement protocols. Thus, creating a COPS event is the most appropriate and required action in this circumstance.