Arcadia Municipal Code Div. 6 Off-Street Parking Fund

There is hereby created a special fund to be known as the Off-Street Parking Fund.

All sums accruing to or paid into the Off-Street Parking Fund pursuant to Section 9284.2 shall be used solely for the acquisition and improvement of such publicly owned off-street parking places, including ingress thereto and egress therefrom, as will, in the judgment of the Council, be beneficial to properties in the particular commercial or industrial area in which is situated the property with respect to which payment of money was made in lieu of providing parking space required by any provision of Chapter 2 of Article IX of this Code.

Into such fund shall be deposited all money paid pursuant to Section 9284.2.