A. Authority Of Police Chief: The chief of police, subject to the provisions of this chapter, is hereby authorized to release, to one other than the registered owner, vehicles which have been impounded by the police department.
B. Lien Holder, Proof Required: A lien holder claiming an interest in an impounded vehicle shall submit to the chief of police proof of compliance with the following requirements by written instruments or other suitable documents:
1. Proof of interest;
2. An agreement to save and hold harmless the city, its officers, and employees;
3. Proof of financial responsibility showing the net worth of the party seeking the vehicle to be in excess of fifty thousand dollars ($50,000.00), or a surety bond in an amount no less than double the value of the vehicle sought to be released.
C. Other Party, Proof Required: Any other party claiming an interest in an impounded vehicle shall submit to the chief of police proof of compliance with the following requirements by written instruments or other suitable documents:
1. Proof of interest; and
2. Order of replevin. (1994 Code § 20-118)