There is hereby created the Abandoned Vehicle Fund, which shall be a revolving fund, and all monies paid to the town for the cost of removal, storage and disposal of abandoned vehicles shall be placed in said fund and in no other place. Said fund shall also have added to it such monies as may be appropriated by the Town Council. The costs of removal and storage of an abandoned vehicle or parts not claimed by the owner or lien holder shall be paid from the Abandoned Vehicle Fund. The proceeds of sale of an abandoned vehicle or parts shall be credited against all costs and incidents to the removal, storage and disposal of the vehicle. All monies remaining in said fund at the end of each year shall remain in such fund and not revert to the General Fund. The monies in said fund shall be expended and used only for the purposes enumerated in I.C. 9-22-1 et seq. providing for the disposal of abandoned vehicles.
(Ord. 2000-198, passed 12-20-2000)