(A) The income derived from the parking meters is required and shall be used to defray the expense of regulation, control, and parking of traffic on the public streets; the supervision and regulation of the parking of vehicles in the parking meter zones created hereby; the cost of leasing, installing, maintaining, supervising, and controlling the parking meters described herein; providing funds for the construction of additional off-street parking facilities in the city, and the payment of notes or bonds incurred for such purpose. There are established special funds known as the parking meter fund and the off-street parking reserve fund.
(B) The parking meter fund shall be used for the regulation and control of parking of traffic on public streets and also for the regulation and control of parking traffic in the parking meter zones created hereby, and to cover the cost of leasing, installing, maintaining, supervising, and controlling of the parking meters in the parking meter zones described herein.
(C) The off-street parking reserve fund shall be used for the acquisition by purchase or lease and the construction of off-street parking facilities in the city, and for the payment of obligations of the city incurred in connection with acquisition and construction of such lots.
(D) Each year the direct expenses attributable to the operation and maintenance of parking meters and other parking control devices (that is: the salary or salaries of the parking control device attendant or attendants, cost of meters or other devices, cost of maintenance, personnel fringe benefits, supplies, operation and maintenance of the enforcement vehicle or vehicles, cost of new meters or other parking control devices not procured with general or capital funds, and any other direct costs including cost of construction of walkways contiguous to city parking lots) shall be charged to the parking meter fund.
(Ord. 3094, passed 3-4-1974; Am. Ord. 3227, passed 12-16-1974; Am. Ord. 4393, passed 3-5-1984)