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I used to work at a storage place and we used to run a classified ad before disposing of property. Since you agreed to hold the part and apparently never discussed storage fees or a time cut-off, I would place a inexpensive public notice in a local newspaper that you have the part, will charge storage beginning on the date of the article and will dispose of the item on a specific date to recover the storage costs.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
http://www.pelicanparts.com/gallery/fintstone/
"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
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