Any person believing that the off-street parking requirements stipulated in this chapter are impractical in this instance may file an application for a variance as provided for in this chapter and upon proof of the impracticability of providing the required off-street parking spaces, the Planning Commission may accept for deposit in the parking meter fund, or a fund administered by a parking authority, a sum equal to 500% of the assessed land value of 250 square feet of the lot upon which the main building is located in lieu of each parking space required by this chapter but not provided. This provision applies only to the downtown areas as defined in § 17.76.050.
(`78 Code, § 17.76.060.)