(A) After holding an abandoned or junked motor vehicle for 30 days as provided in this chapter, the village may sell or dispose of it as provided in this chapter.
(B) Failure of the owner of the vehicle to pay all costs and fees related to the removal of the vehicle within 30 days of the removal shall entitle the village to sell the vehicle to enforce the removal and storage lien, as provided in G.S. §§ 44A-4 through 44A-6. If no one purchases the vehicle, and if the value of the vehicle is less than the amount of the lien, the village may destroy it.
(C) The village may release the vehicle to the owner at any time after removal upon the owner posting an adequate bond to cover all costs and fees or paying in cash the sum of all costs and fees related to the removal and storage.
(D) Any person having an interest in the vehicle may redeem it any time before the sale by paying all costs accrued to date.
(E) The proceeds of the sale shall be paid to the Finance Officer who shall pay to the appropriate officers or persons the costs of removal, storage, investigation, sale and lien of record, in that order. The remainder of the proceeds of sale, if any, shall be paid over to the registered owner, or held by the village for 60 days if the registered owner cannot be located with reasonable diligence. If the owner does not claim the remainder of the proceeds within 60 days after the sale, the funds shall be deposited in the village general fund and the owner’s rights shall forever be extinguished.
(Prior Code, Ch. 4 §§ 4.5 and 4.6) (Ord. R-2019.10, passed 8-20-2019)