At any time within one year from and after such sale, the former owner of the vehicle sold or recorded lien holder, upon application to the City Manager and upon presentation of satisfactory proof that he was the owner or lien holder of record of the vehicle sold, shall be paid the proceeds of such sale less the necessary expenses thereof and less the towing, impounding and storage charges provided for. The check shall be made payable jointly to the owner and any recorded lien holder.