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City council narrows parking revenue fund uses to prioritize off-street parking; ordinance approved
Summary
The council approved an ordinance that narrows eligible uses of the special parking revenue fund by removing policing of meters and installation/maintenance of traffic signs and signals as eligible expenditures, rededicating the fund toward acquiring and building off-street parking facilities; council voted 11–1.
The Los Angeles City Council approved an ordinance to restrict the uses of the special parking revenue fund and redirect money toward off-street parking projects and parking-structure development.
City staff described the ordinance as a return to the fund’s historical purpose: financing acquisition, design, construction, improvement and maintenance of off-street parking facilities in or near business districts where parking meters are established. “What you have before you is an ordinance … that would limit the activities that are eligible under the parking revenue fund,”…
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