(A) Establishment by Mayor. Pursuant to resolution hereafter adopted by the Council, declaring that traffic conditions justify and required additional parking zones, the Mayor is hereby authorized to establish additional parking meter zones and positions upon the streets of the city, and to cause such to be marked, designated and controlled as specified by this subchapter for the parking of vehicles.
(B) Contracts for obtaining meters. Upon adoption by the Council of a resolution establishing additional parking meter zones, as provided by division (A) above, the Mayor is directed and empowered to enter into negotiations for the making of a contract to acquire and install suitable parking meters for the purpose of carrying such resolution into effect; and when the terms, provisions and conditions of such contract shall be found by the Mayor to be suitable, he or she shall submit the contract to the Council and the Council shall have the sole right of authorizing the making of such contract; provided, that no contract shall be negotiated or entered into for the purposes aforesaid save and except upon the condition that the payment of the cost, including the cost of the installation of such parking meters, shall be derived wholly from the revenue and funds obtained from the operation of such parking meters, and no debt shall be imposed upon the city for the cost of such meters and the installation thereof.
(1991 Code, § 19-20)