All moneys deposited in parking meters in the City shall be collected by duly authorized agents of the City Treasurer and shall be placed in a Parking Meter Fund, which fund shall be devoted exclusively to the following purposes:
A. Purchasing, leasing, otherwise acquiring, improving and maintaining of on-street parking meters and off-street parking facilities in the City.
B. Security for the payment of and interest on, off-street parking revenue bonds issued by the City, or any parking district organized within the City.
C. Personnel, software, hardware, tools and equipment to be used to collect current data and make other improvements to further traffic safety, efficiency, and enforcement.
D. Such other purposes related to on-street or off-street parking as shall be determined from time to time by the City Council.
('65 Code, § 21-17.11) (Ord. No. 83-027 § 1; Ord. No. 2011-002 § 3)