Pubdate: Sun, 06 Feb 2000 Source: Grand Rapids Press (MI) Contact: http://www.gr.mlive.com/ Author: Shandra Martinez, The Grand Rapids Press SEIZED FERRARI NETS CITY $115,885 IN AUCTION HOLLAND -- Holland has traded in a fast car for some fast cash. A cherry red 1996 Ferrari convertible brought the city $115,885 when it was sold to the highest bidder -- a Detroit area man -- at an auction in Grand Rapids on Friday. "I'm surprised it went that high," Police Chief John Kruithoff said. The car was seized from a Grand Rapids area man when he was pulled over two years ago by Holland police. A police officer found cocaine in the car. The man later agreed to forfeit the car as part of his sentencing. The city hasn't decided what to do with the money, but the chief said one possibility is funding a new position in the police department. The law requires that money made from drug-seizure properties be used for drug education or drug enforcement, he said. Despite a few pleas to keep the sports car as a DARE (Drug Awareness Resistance Education) vehicle, city officials decided they would rather have the money. The Italian sports car wasn't suitable for the police motor pool because maintenance is too costly, Kruithoff said. The two-seater showed only 6,000 miles on the odometer. It came with a few extras -- an expensive parts kit and matching seat and steering wheel covers. Kruithoff said he was glad to have the expensive car out of the police garage, where it was stored for months. "I was scared somebody would drop something on it," he said. - --- MAP posted-by: Derek Rea