(A) There is created the Abandoned Vehicle Fund which shall be a revolving fund, and all monies paid to the city for the cost of removal, storage and disposal of abandoned vehicles shall be placed in the fund and in no other place. Monies in existing accounts designated for the removal, storage and disposal of abandoned or junk vehicles under previously enacted ordinances shall be transferred to the abandoned vehicle fund created herein. The Fund shall also have added to it such monies as may be appropriated by the Council.
(B) The costs of removal and storage of an abandoned vehicle or parts not claimed by the owner or lienholder shall be paid from the Abandoned Vehicle Fund. The proceeds of sale of an abandoned vehicle or parts by the Police Department in accordance with § 95.065(B) and (C) shall be credited against all costs and shall be incident to the removal, storage and disposal of the vehicle. All monies remaining in the fund at the end of each year shall remain in the Fund and shall not revert to the General Fund.
(C) The monies in the fund shall be expended and used only for the purposes enumerated in I.C. 9-22-1, providing for the disposal of abandoned vehicles.
(1979 Code, § 95.27) (Ord. 3488, passed 10-17-1983)