After payment of the expenses of any sale held pursuant to section 31-63 and the amount of storage, transportation and other administrative costs incurred by the county on account of the motor vehicle or part thereof sold at such sale and after payment of any outstanding traffic or parking violations against such vehicle and all liens filed against the motor vehicle or part thereof, the balance, if any, received by the county at any such sale shall be held by the director of finance for a period of ninety (90) days from the date of such sale. The director of finance shall pay such balance to any person who shall file his verified claim prior to the expiration of such period establishing that he is the owner or person entitled to the possession of such motor vehicle. If no such claim is filed within such period, the balance shall be transferred to the police relief and retirement fund of the county. (1978 L.M.C., ch. 7, § 2.)