The coins required to be deposited in parking meters as provided in this chapter are levied and assessed as fees to provide for the proper regulation and control of traffic upon the public streets; the cost and supervision of regulating the parking vehicles in the parking meter zones created hereby; the acquisition, establishment, construction, maintenance, supervision and control of metered off-street parking lots; and cover the cost of purchase, supervision, protection, inspection, installation, operation, maintenance, control and use of the parking meters described in this chapter.
(Prior Code, § 7.05.38)