Sec. 26-714. - Disposition of revenue.
(a) All fees and revenues generated from the use of parking meters in the Washington Avenue Corridor parking benefit district and the issuance of permits under this article shall be allocated to the Washington Avenue Corridor parking benefit district.
(b) All fees and revenues generated from the issuance of parking citations in the Washington Avenue Corridor parking benefit district shall be allocated to the ParkHouston special revenue fund. All revenue from the issuance of parking citations is not subject to the revenue split model described in (c) and shall not be allocated to the benefit district.
(c) All the total combined fees and revenue of the Washington Avenue Corridor parking benefit district and the ParkHouston special revenue fund shall be first expended to defray the total administrative costs, signage, enforcement, debt service, and the installation, operation and maintenance of parking meters placed in service in the Washington Avenue Corridor parking benefit district on or after the effective date of designation of the parking benefit district. The total administrative costs shall be shared and paid by the Washington Avenue Corridor parking benefit district and from the ParkHouston special revenue fund in proportion to the total combined fees and revenue generated by or deposited into each respectively for the previous year.
(d) Sixty percent of permit fees and meter revenues in excess of the total administrative costs shall be applied to the projects recommended by the advisory committee. The remaining funds shall be deposited in the ParkHouston special revenue fund.
(e) Fees and revenue generated from the Washington Avenue Corridor parking benefit district may be used in conjunction with other public funds or public-private partnership funds available for projects to benefit the district.
(f) In the event that the Washington Avenue Corridor parking benefit district is terminated, any fees and revenues generated from the use of parking meters in the Washington Avenue Corridor parking benefit district that have not been expended shall be transferred to the ParkHouston special revenue fund.
(Ord. No. 2012-1097, § 2, 12-12-2012; Ord. No. 2014-591, § 4, 6-11-2014; Ord. No. 2019-1015, § 23, 12-11-2019; Ord. No. 2020-348, § 6, 4-29-2020; Ord. No. 2026-0803, § 28, 9-23-2026)