The city may finance parking facilities by any one or any combination of the following methods:
(A) General obligation bonds within the legal debt limitations, or revenue bonds payable primarily or solely out of revenue from parking facilities in the amounts, at the rate of interest, and upon the conditions as may be prescribed by the legal authority of the city;
(B) Special or benefitted assessments equal to the actual cost of the parking facilities, or a portion thereof, the assessment to be levied against property benefitted in proportion to the benefit derived, the amount of the assessment to be determined in accordance with special assessment practices for local improvements as now or hereafter prescribed by this chapter or Charter provisions of the city;
(C) Parking fees, special charges, or other revenue derived from the use of off-street parking facilities by motorist, lessees, concessionaires, commercial enterprises, and others;
(D) General fund appropriations;
(E) Parking meter revenue;
(F) General property taxes, or gift, bequest, devise, grant, or otherwise; and/or
(G) A reasonable annual fee on the privilege of occupying real property within the city or a district of the city to carry on a business, occupation, professional trade. In levying the fee, the city shall take into consideration the unmet off-street parking requirements of the business. The proceeds of the fee, less refunds and cost of collection, shall be used solely for the purposes of ORS 223.805 to 223.845. The fee is in addition to, and not in lieu of, any other tax, assessment, or fee required by state or local law or ordinance.
(Ord. 333-99, passed 12-14-1998)