The moneys in the fund shall be eligible for expenditure only for construction of public parking spaces within the assessment district to serve the parking needs of the district created by the developments that paid the fees, as determined by the chief transportation official, subject to the approval of city council. If facilities are constructed prior to deposit of sufficient moneys into the fund, then fees may be used to reimburse the city for expenditures made in advance of receipt of fees. In no event shall moneys in the fund be used for regular maintenance of parking facilities or for any parking facilities not available to employees and customers of businesses located in the assessment district. The priorities for expenditures of moneys in the fund as among various types and locations of parking facilities shall be as determined by the city council, after considering the recommendation of the chief transportation official.
(Ord. 4256 § 3 (part), 1995)