Nanaimo By-law 5000, s. 20(2) — Traffic and Highways Regulation Bylaw

The proceeds of such auction sale shall be applied firstly to the cost of the sale, secondly to the fees, costs and expenses of the City or its contractors or authorized agents as set out above and thirdly the balance, if any, shall be held by the city for one (1) year from the date of sale for the

owner. If unclaimed at the end of the year, such sums shall be paid into the General Revenue of the City.