If no claim shall have been made to the abandoned property before the time set for sale thereof, the sale shall be held at the time and place appointed therefor and within view of the personal property. The Chief of Police or an agent he or she shall appoint, shall conduct the sale; and the personal property shall be sold to the highest and best bidder for cash. The city shall have the right to enter a bid for the personal property, but not exceeding the amount of the city’s actual costs.