A. The owner of record of a motor vehicle that is seized or impounded shall be liable to the village for a penalty of five hundred dollars ($500.00) in addition to any fees for the towing and storage of the motor vehicle. Fees for towing and storage are established by the towing company, not by the village.
B. A vehicle impounded pursuant to this chapter shall remain impounded until the earlier of the following to occur:
1. The penalty is paid to the village, and all towing and storage costs are paid to the towing company; and
2. A bond in an amount equal to the liability of the owner as provided in subsection A of this section is posted with the village, and all applicable towing and storage costs are paid to the towing company; and
3. The vehicle is deemed abandoned, in which case, the vehicle shall be disposed of in the manner provided by law for the disposition of abandoned or unclaimed vehicles.
C. Except as otherwise specifically provided by law, no owner, lienholder, or any other person shall be legally entitled to take possession of a motor vehicle impounded under this chapter until the penalty and all towing and storage costs applicable under this chapter have been paid in full.
D. Whenever a person or other entity with a lien of record against an impounded vehicle has proof of commenced foreclosure or repossession proceedings, and also provides the village with a hold harmless letter, possession of the vehicle shall be given to that lienholder upon payment of bond and all towing and storage costs. (Ord. 14-486, 4-21-2014)