(A) Pursuant to KRS 94.810, the Parking Authority is not limited to setting fees at the cost of operation and administration, but may be for revenue. The budget of the Parking Authority, within 30 days of approval, shall be presented for confirmation to the Mayor and City Commission. If the budget is not confirmed, the prior year’s budget shall remain in effect until the Mayor and City Commission confirm a revised budget. Financial advisors, underwriters, bond, tax or local counsels, consultants or any other professional necessary for the issuance of bonds shall require the prior approval of the City Board of Commissioners and the Parking Authority Board.
(B) The Parking Authority Board, in order to keep permanent staff requirements to a minimum, to assure professional operation and to facilitate operator changes in the event of unsatisfactory performance may lease facilities to private operators or permit facilities to be operated under management contracts.
(C) All funds expended by the Parking Authority, including, but not limited to, operating, capital and debt service costs, shall be consistent with the Parking Authority’s annual operating and capital budgets, as amended from time to time, and as approved by the city’s Board of Commissioners.
(D) The selection, hiring, retention or contracting with any person, firm, corporation, partnership or the like as employees, legal counsel, agent, consultant, executive director, manager or the like by the Parking Authority Board shall be subject to the same ordinances, rules, obligations, restrictions or the like as any other board, commission or agency of city, including, but not limited to, city classification and compensation ordinance and procurement policies.
(Ord. O-07-18, passed 1-30-2018)