The coins required to be deposited under the provisions of Section 147.22 and the fines accruing from the parking violations in metered zones are levied and assessed as fees to provide for the proper regulation and control of traffic upon the public streets; to cover the cost of supervising and regulating the parking of vehicles in the parking meter zones and areas created hereby; to acquire, purchase, construct, maintain and operate off-street parking facilities; and to cover the cost of the rental, purchase, supervision, protection, inspection, installation, operation, maintenance, control and use of parking meters, parking lots and parking facilities and the expense of the cost of the clearing, cleaning, operating and maintaining the off-street parking lots owned or leased by the City and for collection of fines resulting from any parking violations. Any surplus in the fund established from the collection of coins and fines, and hereby designated the Parking Lot and Parking Meter Fund, may from time to time be transferred to the General Fund by order of Council.
(Ord. 27-63. Passed 5-27-63; Ord. 30-12. Passed 9-24-12.)