All license fees collected from parking meters as provided in this subchapter shall be deposited by the City Controller with the City Treasurer to the credit of the city in a special fund to be known as the "parking meter fund," which such special fund shall be disbursed and paid out only under the orders and direction of the Board of Public Safety for the following purposes only:
(A) The payment of the purchase price, rental fees and cost of installation of parking meters.
(B) The payment of the cost of maintenance, operation, repair and other incidental costs and expenses in the operation of parking meters and parking meter zones and spaces, including incidental costs and expenses such as clerical and bookkeeping expense in the handling and keeping of records of fees collected and expended.
(C) The payment of the cost of traffic signal devices used in the city, and the repair and maintenance of any of the public streets and highways in such city where parking meters are in use and upon all streets connected therewith.
(D) The acquisition by lease or purchase of suitable land for off-street parking purposes, the improvement and maintenance of such land and the purchase, installation and maintenance of parking meters thereon.
(E) The license fee charged for the use of parking meter spaces shall be twenty-five cents (.25) per 15 minutes, fifty cents (.50) per 30 minutes, seventy five cents (.75) per 45 minutes, one dollar ($1.00) per hour.
(F) Daily bagged meter fee $10/day.
(Ord. G-17-17, passed 6-27-17; Am. Ord. G-23-17, passed 9-26-17; Am. Ord. G-4-18, passed 3-13-18)