A. If the vehicle is not reclaimed pursuant to Section 7-6-4-1 of this Chapter, it may be sold to the highest bidder at a public auction or sale. The purchaser shall be given a receipt in a form prescribed by the registrar of motor vehicles which shall be sufficient title to dispose of the vehicle. The receipt shall entitle the purchaser to register the vehicle and receive a certificate of title, free and clear of all liens and claims of ownership. Before such vehicle is issued a new certificate of title, it must receive a motor vehicle safety check.
B. Proceeds of the sale will be used to reimburse the City for its costs involved in towing, preserving and storing the vehicle, and all administrative, notice and publication costs. Any remainder from the proceeds of a sale shall be held for the previous owner or entitled lien holders for ninety (90) days and then shall be deposited in the Treasury of the City. (Ord., 10-16-1984)