From the proceeds of any such sale, the Police Department which sold the abandoned motor vehicle, junked motor vehicle, or inoperative and abandoned machinery shall reimburse itself for any expenses it may have incurred in removing, towing, preserving and storing such property and the expenses of conducting any auction and any notice and publication expenses incurred pursuant to this article.
Any remainder from the proceeds of such sale shall be deposited in the City Treasury to be kept and maintained as a special revolving account, hereinafter established and designated as the “Abandoned and Junked Property Fund”; provided that any remainder from proceeds of the sale of an abandoned motor vehicle or junked motor vehicle after payment of such expenses shall be held for the last registered owner of such motor vehicle or any lienholder for ninety days, after which time, if no owner or lienholder claims the remainder, it shall be deposited in the State Road Fund.
Any moneys so collected and deposited in the special fund shall be used solely by the Police Department for the payment of auction, towing, removing, preserving, storing, notice and publication costs which results from taking other abandoned motor vehicles, junked motor vehicles, and inoperative or abandoned machinery into custody and possession.
(Ord. 0-1025. Passed 5-28-02.)