The coins required to be deposited in said parking meters are hereby levied as a Committee on Traffic and Public Safety regulation and inspection fee to cover the cost of providing parking spaces, parking meters, traffic signals, signs, or other traffic control devices, and installation and maintenance thereof; the cost of regulation, inspection, operation, control and use of the parking meter spaces and zones created herein; for the regulation and control of traffic moving in and out of, and parking in, said parking spaces and zones so created, and for the cost of any resultant traffic administration expense.
(Ord. passed 8-6-02)