All money paid for impounding fees, towing charges or storage charges on impounded vehicles, and all money paid for the purchase of impounded vehicles sold according to the provisions of §22-108 of this Code shall be paid to the chief of police, whose duty it shall be to account for such money collected by him to the city treasurer, who shall hold the same for the benefit of the owner of such vehicle for a period of two years. If not claimed within such two-year period, such proceeds shall be paid into the general fund of the City of Grand Island.