A. If at the expiration of the time set forth in Section 36-9.2 the property has not been released to the owner, the property is surplus to the City’s needs, and has a sufficient value for sale, the authorizing official may arrange for its sale at public auction in conjunction with the sale of surplus City property.

B. Upon sale of the property, the authorizing official shall deposit the sale proceeds into the City Treasury.

C. At any time within six months from and after the date of the sale, the former owner, upon proper application to the authorizing official, and upon presentation of satisfactory proof of ownership of the property sold, shall receive the residue of the proceeds of such sale, after deducting the expenses of custody, impoundment, advertising and sale, and charges under the fee schedule. The right to the sale proceeds residue conferred under this subsection expires six months after the date of sale.

D. A purchaser in good faith of any impounded property sold under this article takes the property free and clear of any rights of any party. (Ord. No. G-4599, § 2, 2004)