(A) The Board of Commissioners shall fix and revise from time to time fees rates, rentals, and charges for the use of the facilities constructed or acquired hereunder, and such fees, rates, rentals, and charges shall be so fixed and adjusted as to provide such funds as the Board of Commissioners deems appropriate, but in no event shall the funds be less than sufficient to pay the costs of maintaining, repairing, or operating the facilities, and paying the interest on and the principal of the revenue bonds issued hereunder for the construction or acquisition of such facilities, and to create necessary reserves for the foregoing purposes. Upon the payment of all of the bonds issued for any project the revenue from such project may be used for general municipal purposes as determined by the Board of Commissioners.
(B) The rates or fees to be charged by the Parking Authority shall be fixed at the lowest possible rates consistent with the achieving of the purposes of this subchapter, which shall, together with any additional income, defray the cost of maintaining, operating, and administering the parking facilities, and of meeting the charges for principal and interest on any indebtedness incurred under this subchapter, including reserves for such purposes and a margin of safety.
(Ord. 0-85-008, passed 5-13-85)