Section 9-51-7 – Appraisement of property being purchased for parking lot–Maximum price.
9-51-7. Appraisement of property being purchased for parking lot–Maximum price. Before entering into a contract for the purchase of real property under the terms of §9-51-6, the governing body shall cause such real property to be appraised by a board of three disinterested appraisers who are freeholders within the municipality or by one or more […]
Section 9-51-8 – Annual appropriations for parking lot operated under contract–Prior application of parking meter revenues.
9-51-8. Annual appropriations for parking lot operated under contract–Prior application of parking meter revenues. If the term of such contract as described in §9-51-6 shall extend for more than one year an appropriation need not have been previously made concerning such expense except sufficient to cover the amount payable or estimated to become payable under […]
Section 9-51-9 – Parking facility financing law–Definition of terms.
9-51-9. Parking facility financing law–Definition of terms. The term “automobile parking facilities” as used in §§9-51-9 to 9-51-34, inclusive, shall include off-street parking lots, lanes, garages, ramps, buildings, or other structures and accessories used or useful in the parking of motor vehicles including parking meters and traffic devices. Such facilities may be on the surface, […]
Section 9-51-10 – Acquisition, improvement and operation of parking facilities–Traffic control devices–Use of municipal funds.
9-51-10. Acquisition, improvement and operation of parking facilities–Traffic control devices–Use of municipal funds. Every municipality shall have power to acquire by gift, lease, purchase, or condemnation proceedings any property, whether real, personal, or mixed, deemed by its governing body to be needed for the municipality’s regulation and control of traffic on its streets, alleys, and […]
Section 9-51-11 – Alternative means of financing parking facilities.
9-51-11. Alternative means of financing parking facilities. Any municipality may pay for any portion of the cost of providing automobile parking facilities by: (1)Appropriating moneys for the purposes authorized in §9-51-10; (2)Appropriating any part or all of the net revenues derived from the operation of its automobile parking facilities including the net revenue from on-street […]
Section 9-51-12 – State and federal aid to municipal parking facilities–Agreement by municipality.
9-51-12. State and federal aid to municipal parking facilities–Agreement by municipality. Any municipality shall have power to accept state and federal aid in carrying out the provisions of §§9-51-9 to 9-51-33, inclusive, and shall have authority to enter into any lawful agreement with the state or federal government, or any agency thereof, in regard thereto. […]
Section 9-51-13 – Issuance of parking facility revenue bonds authorized.
9-51-13. Issuance of parking facility revenue bonds authorized. For the purpose of financing the cost of the acquisition, construction, or improvement of automobile parking facilities any municipality may issue bonds for the payment of which the credit and taxing powers of the municipality are not pledged, but as to which the principal and interest shall […]
Section 9-51-14 – Ordinance authorizing revenue bonds–Pledge and definition of net revenues.
9-51-14. Ordinance authorizing revenue bonds–Pledge and definition of net revenues. The bonds described in §9-51-13 shall be authorized by an ordinance duly adopted by the governing body and subject to referendum as other ordinances, in which ordinance the governing body may pledge all or any part of any one or more of the following: (1)The […]
Section 9-51-1.1 – Appointive board to manage parking facilities–Contents of ordinance.
9-51-1.1. Appointive board to manage parking facilities–Contents of ordinance. Every municipality shall have power to create an appointive board of not more than seven and not less than three members in first class municipalities for the purpose of managing public parking facilities and automobile parking facilities including on-street parking facilities and to provide by ordinance […]
Section 9-51-2 – Portion of parking meter revenues accumulated in parking lot and area fund–Approval of voters required–Computation of revenues.
9-51-2. Portion of parking meter revenues accumulated in parking lot and area fund–Approval of voters required–Computation of revenues. A municipality shall be required to accumulate at least fifty percent of the revenues derived from parking meters in a special fund to be known as the “parking lot and area fund”; provided that a majority of […]