Ordinance 2000-1341 - Laserfiche WebLink

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in the city. All parking improvement fees paid and collected in accordance with Section 17.20.025 shall be paid into the Fund. The Fund shall be an interest-bearing account of the city. The Fund account may be within existing funds of the city, provided that amounts within the Fund account are accounted for separately and that the aggregate amount of collected parking improvement fees is clearly identified. Any interest income earned on parking improvement fees shall be credited to the Fund. The treasurer shall account separately for all receipts and disbursements to and from the Fund and shall not commingle any part of the monies in such Fund with other funds of the city. 3.16.080 Downtown Parking Improvement Fund Use. A. Any and all disbursements from the Downtown 'Parking Improvement Fund ("Fund") shall be limited to the following uses determined by the City Council to be reasonably necessary to respond to and assist in defraying the costs of parking needs created by new development within Downtown Louisville which is subject to the fee: 1. Acquisition, construction, improvement, and provision of additional on-street and off-street public parking spaces to serve Downtown Louisville; 2. Grading; installation of curb, gutter, and pavement; construction of drainage improvements; and the installation of lighting, landscaping, trash receptacles, outdoor seating, bike racks and similar facilities, in association with the acquisition, construction, improvement or provision of additional on- and off-street public parking space to serve Downtown Louisville; 3. Purchase or lease of real and personal property for the construction, improvement, or provision of additional on-street and off-street public parking space to serve Downtown Louisville; B. A portion of the parking improvement fee collected may be used to help defray the administrative expenses of the DePartments of Finance, Parks and Recreation, Community Development, Public Works and City Administration reasonably incurred in connection with and equitably apportioned to acquisition and construction of improvements pursuant to this Section and the cost of accounting and management of the parking improvement fee and Fund, with such portion of the fee being deposited into the appropriate fund of the City to help defray such expenses. C. The city administrator may from time to time establish written administrative regulations to facilitate the implementation of this section and related sections of this Code concerning the Downtown Louisville parking improvement fee. Such regulations shall be consistent with the purposes and provisions of this chapter and related sections of this Code. Section 5. If any portion of this ordinance is held to be invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance. The City Council hereby declares that it would have passed this ordinance and each part hereof irrespective of the fact