At the expiration of 60 days after impounding or after property has been found, any property which has not been claimed may be sold at public auction or at private sale. If sold at public auction, notice containing a description of any property to be sold shall be published in the official newspaper at least ten days prior to the auction sale. If the City Manager determines that it is in the best interest of the city to dispose of the property at a private sale, the City Manager must solicit at least two bids for the property and establish the other terms of sale.
('72 Code, § 405:50) (Am. Ord. 1986-531(A), passed 6-9-86)