The Mayor and Common Council, subject to the provisions of the City Charter, may determine that any parcel of property, or any improvements, extensions or replacements thereof or additions thereto, either acquired from the proceeds of the bonds or leased to the City with rents therefor derived from assessments levied pursuant to this Chapter are no longer needed for off-street parking purposes or such facilities may be otherwise better provided. Subject to the provisions of the City Charter, and any restriction in the resolution providing for the issuance of any outstanding bonds relating to the facilities involved, the property may thereafter be sold, leased or otherwise disposed of, either during or after the term of the bonds and the proceeds placed in a fund as designated by the Mayor and Common Council and used for the purposes of this Chapter.
(Ord. 3759, 9-13-78; Ord. 3589, 7-06-76)