Chico Municipal Code Ch. 3R.68 Parking Revenue Procedures

Section:

3R.68.010 Definitions.

For the purposes of this chapter, the following terms shall have the following meanings, unless the context otherwise requires:

A. Facilities. The term “facilities” shall mean the following:

Public off-street and on-street vehicle parking lots and parking places, and all property, structures or equipment necessary or appurtenant thereto; and
Facilities and programs which can be used or implemented as an alternative to motor vehicles as a means of transportation including, but not limited to, public transit facilities and programs, bicycle facilities or programs and ride sharing programs.

B. Finance Director. The term “finance director” means the finance director of the city.

C. Fiscal Year. The term “fiscal year” means the period beginning July 1st of each year and ending on the next succeeding June 30th.

D. Revenues. The term “revenues” means all revenues derived directly or indirectly from the use and operation of the facilities at any time; including, without limiting the generality of the foregoing, all tolls, rates, rents, fees. charges and other income received by or for the account of the city from the operation of the facilities, together with any consideration received from the lease of any properties included in the facilities.

(Res. No. 158 77-78 §l (part), Res. No. 130 91-92, Res. No. 133 95-96 §1)

3R.68.020 Parking revenue fund created - Method of disbursement established.

There is hereby created the parking revenue fund, which shall be maintained by the finance director for the purposes herein specified. Upon receipt thereof, the finance director shall deposit all revenues into said fund. The revenues shall thereafter be disbursed in each fiscal year solely for the following purposes and in the following order, the requirements of each purpose to be satisfied fully before any revenues are disbursed for any purpose subsequent in priority:

A. The payment of any obligations of the city arising out of any acquisitions, expansion, improvements or betterment relating to the facilities in such fiscal year;

B. The payment of the costs and expenses of operating and maintaining the facilities in such fiscal year;

C. The payment of any other costs and expenses incurred or accruing in such fiscal year in any way connected with the facilities or any lawful public parking purpose of the city or the authority. Revenues remaining after the foregoing purposes have been fully satisfied in such fiscal year shall be solely applied to and used for the foregoing purposes in the next fiscal year, in the manner provided herein.

(Res. No. 158 77-78 §1 (part), Res. No. 133 95-96 §1)

3R.68.030 Revenues not pledged to bond payments - Right to amend or repeal chapter reserved.

This chapter is not intended, nor shall it be construed, in any way to pledge any revenues, or represent that any revenues shall be pledged, to the payment of any bonds for the benefit of any holders of said bonds. The council hereby reserves the right at any time to repeal or amend this chapter and provide for the disposition of any revenues for whatever lawful purposes and in whatever manner it deems advisable in the interests of the city.

(Res. No. 158 77-78 §1 (part))