§ 73.12 RETURN OF SALE AND PROCEEDS.

   (A)   When any vehicle is sold under §§ 73.10 or 73.11, the City Recorder shall transmit to the Motor Vehicles Division, and to the City Recorder, a return of sale setting forth:

      (1)   A description of the vehicle;

      (2)   The purchase price;

      (3)   The name and address of the purchaser;

      (4)   The costs incurred in the sale; and

      (5)   The costs and expenses incurred in the removal, preservation and custody of the vehicle.

   (B)   The City Recorder shall transmit to the manager or designee with the return of sale, the balance of the proceeds of the sale. The City Recorder may deduct from the proceeds the costs incurred in the sale and the costs and expenses incurred in the removal, preservation, and custody of the vehicle. Upon receipt of the return of sale and such proceeds, the City Recorder shall deposit such proceeds in the General Fund of the city and file in the City Recorder’s office the return of sale.

(Ord. 338, passed 10-14-1991)