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There is hereby vested in the Board the power to acquire, construct, reconstruct, install, extend, enlarge, repair, improve, maintain, and operate public automobile parking places within the City; to acquire, by purchase, lease or eminent domain the lands and public rights-of-way necessary or convenient therefor; to acquire and construct public improvements and equipment and facilities necessary or convenient therefor; to levy assessments and issue bonds to pay for the cost of the whole or any part thereof and the expenses incidental thereto; and to levy assessments to pay for the cost of maintenance, repair and remodeling of any parking place, parking lot, garage or structure. There is further vested in the Board the right to determine that public transit facilities shall be provided and operated and maintained in substitution, in whole or in part, for public parking places. In such event, the Board may determine to levy assessments to pay that portion of the costs of capital improvement, replacement, operation, maintenance and repair of such transit facilities or equipment provided in lieu of public parking and necessary for the full utilization of the land benefiting.
(Added by Ord. 225-81, App. 5/5/81)