Subd. 1. Impoundment and Sale. The City Police Department shall take into custody and impound any abandoned or unauthorized motor vehicle as defined by M.S. § 168B.011, as it may be amended from time to time. It shall give notice of the taking as provided by law, and if the owner or any lienholder does not reclaim the vehicle within the period provided by law, it shall provide for the sale of the vehicle to the highest bidder at public auction or sale following two weeks’ published notice.
Subd. 2. Disposition of Proceeds. The proceeds of the sale of an abandoned or unauthorized motor vehicle shall be placed in the General Fund of the city. If the former owner or entitled lienholder makes application and furnishes satisfactory proof of ownership or lien interest within 90 days of the sale, the former owner shall be paid the proceeds of the sale of the vehicle less the cost of towing, preserving, and storing the vehicle and all administrative, notice, and publication costs incurred in its handling.