The Village Manager shall maintain a list of a maximum of three (3) eligible towing companies, and the Village Manager shall forward the list of eligible towing companies to the Police Chief. The eligibility list shall be prepared after this Ordinance is published and three (3) companies qualified pursuant to Ordinance No. 1261 as amended shall be deemed qualified provided said companies provide the Village Manager sufficient documentation to show that they meet the requirements as set forth in this Ordinance; and the list shall be updated from time to time when a towing company resigns or is removed from the list.