A. Any owner or lessee, or his or her agent authorized in writing, may have an abandoned or inoperable vehicle removed from his or her property by having it towed and impounded by an operator.

B. Any operator having in his or her possession an abandoned or inoperable vehicle from a private tow shall immediately notify the Police Department as to the name of the operator and the location of the impound lot where the vehicle is located; a description of the abandoned or inoperable vehicle, including the make, model, color and year, the number, issuing state and expiration date of the license plate; and the vehicle identification number. Upon such notification, the Police Department shall ascertain, if possible, whether the vehicle has been reported stolen and, if so reported, the Police Department shall recover and secure the vehicle and notify its rightful owner. The Police Department shall have the right to recover from the owner its reasonable costs to recover and secure the vehicle.

C. Any operator shall, as soon as possible, but in no event later than seventy-two (72) hours after receipt of the determination that such vehicle has not been reported stolen, report the same to the Department of Revenue by first class or certified mail, by personal delivery or by Internet communication, which report shall be on a form prescribed and supplied by the Department of Revenue. The report shall contain the information required in § 42-4-1804(1)(c), C.R.S.

D. Within five (5) working days of the receipt of an ownership report from the Department of Revenue, the operator shall notify the owner of record and any lienholder by certified mail or by personal delivery. The operator shall send a copy of the notice by certified mail or by personal delivery to the Police Department. Such notice shall contain the following information: