(A) If the vehicle is appraised at less than an amount that shall be determined by the City Council, the City Recorder may dispose of the vehicle without notice and public auction if any of the following occur:
(1) The owner of the vehicle and any lessor or security interest holder shown in the records of the Division sign a release under oath, disclaiming any future interest in the vehicle; or
(2) The owner and any lessor or security interest holder shown in the records of the Division have been sent notification of the location of the vehicle and, within 15 days after the date the notification is mailed, the persons notified have not signed releases or the vehicle has not been reclaimed. Failure to sign a release or to reclaim the vehicle shall constitute a waiver of interest in the vehicle.
(B) If the City Recorder intends to dispose of a vehicle under this section, the City Recorder shall do all of the following:
(1) File with the Division an affidavit describing the vehicle, and stating the location and appraised value of the vehicle and that the vehicle will be junked or dismantled;
(2) Surrender the registration plates of the vehicle, if any, to the Division;
(3) Include in the affidavit a statement that any notice required under this section has been provided; and
(4) Forward any release of interest completed under this section to the Division.
(C) Upon completion of the requirements under this section, the City Recorder may sell the vehicle without notice and public auction to any of the person described in this division (C). The City Recorder shall issue to the person purchasing the vehicle a certificate of sale described under § 73.11. The City Recorder may sell a vehicle under this section to the following:
(1) A wrecker possessing a valid wrecker certificate under state law;
(2) Any other person who complies with the requirements and executes the forms furnished by the Motor Vehicles Division. The forms required by the Motor Vehicles Division shall be included with the certificate of sale described in § 73.11.
(Ord. 338, passed 10-14-1991)