(A) Impoundment and sale. The city’s Police Department shall take into custody and impound any abandoned motor vehicle as defined by M.S. § 168B.011, as it may be amended from time to time. It shall give notice of the taking as provided by law, and if the owner or any lienholder does not reclaim the vehicle within the period provided by law, it shall provide for the sale of the vehicle to the highest bidder at public auction or sale following two weeks’ published notice.
(B) Summary action in certain cases. When an abandoned motor vehicle is more than seven model years of age, is lacking vital component parts, and does not display a license plate currently valid in Minnesota or any other state or foreign country, it shall immediately be eligible for sale under division (A) above and shall not be subject to the notification, reclamation or title provision of M.S. §§ 168B.01 to 168B.13, as they may be amended from time to time.
(C) Disposition of proceeds. The proceeds of the sale of an abandoned motor vehicle shall be placed in the General Fund of the city. If the former owner or entitled lienholder makes application and furnishes satisfactory proof of ownership or lien interest with 90 days of the sale, he or she shall be paid the proceeds of the sale of the vehicle less the cost of towing, preserving and storing the vehicle and all administrative, notice and publication costs incurred in its handling.