(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.
(B) Fees for towing and storage are established by the towing company, and not by the Village, except where the motor vehicle is stored on Village property, in which case the storage cost will be established by the President or the Chief of Police.
(C) A vehicle impounded pursuant to this Chapter shall remain impounded until the earlier of the following occurs:
(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 amount equal to the liability of the Owner as herein provided in Paragraph (A) above 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.
(4) Except as otherwise specifically provided by law, no owner, lien holder, 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.
(Ord. 11-2813, passed 1-11-11)