(Amended by Ord. No. 182,791, Eff. 11/22/13.)
The Department is hereby authorized to increase or decrease parking meter rates by no greater than 100 percent from the rates prescribed in Section 88.00, but no less than a rate of $0.50 per hour for each of the first four hours and a total of $2.00 for up to ten hours as permitted by the posted parking regulations.
(a) The rates established by the Department under the authority of this Section shall be based on parking demand, as reviewed by traffic investigation and surveys, with the goal of reaching occupancy by vehicles at the rate of 70 to 90 percent for parking meter spaces on each block at such times and hours that payment is required. The Department shall report to the City Council not less frequently than once per year on any actions taken pursuant to this Section and the impact(s) of those actions or revenue and meter usage.