Ordinance 13-13

This ordinance established the Parking Meter Fund, a non-reverting special revenue fund, with revenues from the fees paid for on-street metered parking. Monies from the Fund will be appropriated by the Common Council and will be disbursed only on orders of the Board of Public Works for the uses provided in IC § 36-9-12-4. The Fund may be used to pay: the purchase price, rental fees, and cost of installation of the parking meters; the cost of maintenance, operation, and repair of the parking meters; incidental costs and expenses in the operation of the parking meters, including the cost of clerks and bookkeeping; the cost of traffic signal devices used in the municipality; the cost of repairing and maintaining any of the public ways, curbs, and sidewalks where the parking meters are in use, and all public ways connected with them in the municipality; the cost of acquiring, by lease or purchase, suitable land for offstreet parking facilities to be operated or leased by the municipality; the principal and interest on bonds issued to acquire parking facilities and devices; the cost of improving and maintaining land for parking purposes and purchasing, installing, and maintaining parking meters on that land; and the cost of providing ap Expenditures from the Fund may occur only upon a specific appropriation made for that purpose by the Common Council, just as it appropriates other public money. The Board of Public Works will annually prepare an itemized estimate of the money necessary for the operation of parking meters at the regular time of making and filing budget estimates for other departments of the City. These estimates shall be made and presented to the Common Council in the same manner as other department estimates.