Unclaimed motor vehicles ordered into storage pursuant to § 95.01(A)(1) or § 95.02 shall be disposed of at the order of the Police Chief to a motor vehicle salvage dealer or scrap metal processing facility as defined in R.C. § 4737.05, or to any other facility owned by or under contract with the municipality for the disposal of such motor vehicles, or shall be sold by the Police Chief or licensed auctioneer at public auction after giving public notice by advertisement, published once a week for two successive weeks in a newspaper of general circulation in the county or as provided in R.C. § 7.16.  Any monies accruing from the disposition of an unclaimed motor vehicle that are in excess of the expenses resulting from the removal and storage of the vehicle shall be credited to the general fund of the municipality.
(R.C. § 4513.62)