(A) The Council may, in its discretion, grant special permission whereby on-street parking or the use of city-owned parking lots or public sidewalks may be temporarily or permanently prohibited or restricted for private reasons and purposes, including, but not limited to establishment of private or “leased” parking, “loading zones” or display of merchandise on sidewalks, at the places, on the terms and for the compensation as the Council may deem just and equitable. In establishing the amount of the compensation to be paid to the city, the Council shall consider the amount of space, location thereof, loss of parking meter revenues, if any, public inconvenience and hazards to persons or property. Upon complaint of any aggrieved person at any time and by reason of any specific special permission so granted, the Council shall, at its next regular meeting after receipt of the complaint, call a hearing thereon to be held after a ten-day notice in writing to applicant and complainant and published notice at least ten days prior to the hearing. After the hearing, the Council shall by resolution decide whether to terminate, continue or redefine the terms of the permission and the decision shall be final and binding on all persons directly or indirectly interested therein, except that the Council
(B) Free and reserved on-street parking shall be limited to city owned and operated vehicles.
(C) It is unlawful for any person to park or otherwise infringe upon a grant of right under this section, when clearly and distinctly marked or sign-posted. It is unlawful for any person not granted the right to assert the same, or for any grantee of the right to exceed the same under claim thereto.
(`86 Code, § 5.12) Penalty, see § 10.99